Towerbrook-backed Ascension Health to acquire Compassus for $1bn.

Towerbrook-backed Ascension Health, a health system company, agreed to acquire Compassus, a Nashville-based hospice provider, for $1bn. The two companies will split ownership of Compassus down the middle, each holding an equal stake. This is the second time that Towerbook and Ascension partnered on an investment, the first being the 2016 purchase of health care management technology firm Trimedix.