Beware, he can be killed once you sent him home. I released him at the 188 to pick up Veronica, then followed him to the area where there are a ton of giant ants, they began attacking him and eventually killed him. Even as I attempted to help. So I had to reload to a later save to be able to obtain him later.
I am fairly sure that this game engine does not simulate NPC interaction (combat) when the player is not close enough to hear or see it (i.e. not in the same "cell"). Therefore, once any companion is sent home and is no longer in the same cell as you, they are effectively immortal since no combat will happen. However, while they are in the same cell as you, of course combat can happen. If you fast travel away from them immediately after dismissing them, they should be fine.