A cardiac support device and placement tool assembly. The cardiac support device has a flexible jacket with an open base end. The placement tool includes a cannula having an open end, a collapsible support on the end of the cannula releasably connected to the cardiac support device at a plurality of locations around the base end, and an acutuator. The collapsible support is movable between a collapsed state in a retracted position at which the collapsible support and cardiac support device are within the end of the cannula, and an open state in an extended position at which the collapsible support and cardiac support device are outside of the cannula with the collapsible support holding the base end of the cardiac support device in an open position for placement onto a patient's heart. The actuator moves the collapsible support between the collapsed and open states.