Compassus and Providence Home Health & Hospice Form 50-50 Joint Venture in Oregon

Deal Summary

The Oregon Health Authority approved a joint venture between home-care provider Compassus and Providence Home Health & Hospice, giving Compassus a 50% stake in Providence's home health and hospice operations in Oregon. The partnership, branded Providence at Home with Compassus, will invest $30 million over five years to expand services across the state.