NewsFlorida PhoenixJuly 22, 2026Florida
Private equity partnerships with nonprofit healthcare providers
A news report examines the trend of nonprofit healthcare organizations entering into joint ventures with private equity-backed firms. The article highlights a specific partnership between Providence and Compassus as an example of this shifting business model.
Read the full story at Florida PhoenixWhy It Matters
Residents may see changes in the management, operational structure, or service delivery of their local healthcare providers as these entities increasingly partner with -backed companies.
Key Facts
- Providence and Compassus announced a 50/50 joint venture in October 2024.
- Compassus is a private equity-backed home health company.
- Providence is a nonprofit healthcare organization.
- The partnership involves a nonprofit hospice facility in Washington state.
Who's Mentioned
organizationCompassus“A private equity-backed home health company entering a joint venture.”personMilli Palmer“A nurse at a nonprofit hospice in Washington state.”organizationProvidence“A nonprofit healthcare employer entering a partnership.”locationWashington“The state where the partnership is occurring.”