CHARTER HEALTHCARE ACQUIRES TWO TEXAS HOSPICE PROVIDERS

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CHARTER HEALTHCARE ACQUIRES TWO TEXAS HOSPICE PROVIDERS

DALLAS and NASHVILLE, Tenn. (Monday, August 30, 2021) – Charter Healthcare, the post-acute provider platform of Pharos Capital Group, LLC, today announced its acquisition of Genesis HospiceCare in Athens, Texas, and Saints Hospice, Inc., in Plano, Texas. Financial terms of the transaction were not disclosed.

“We are proud to support Charter’s mission of ensuring a comfortable patient experience while lowering the costs of care,” said Founding Partner and Chief Investment Officer Bob Crants of Pharos Capital Group. “Charter will team with Genesis and Saints to expand service offerings in North and East Texas and continue its tradition of providing compassionate, comprehensive care solutions for patients and families navigating the last years of life.”

Founded in 1995, Genesis HospiceCare has provided high-quality hospice care to patients and families in Athens, Texas, community for more than 25 years while Saints Hospice has served the Plano community for 15 years.

“Genesis HospiceCare and Saints Hospice have established themselves as quality providers of end-of-life care,” said Charter Healthcare CEO Steve Larkin. “We are fortunate to be able to welcome them into our company as we broaden our Texas service area. We look forward to serving more patients and families in the Dallas–Fort Worth metroplex and Upper East Texas with the compassionate, innovative, and accessible health care services that are Charter’s hallmark.”

Charter offers a broad spectrum of post-acute care services for patients navigating the last years of life, including hospice, palliative care, acute/hospital-based care, skilled home health and private duty home care. Charter’s expertise in complex care management reduces hospital admissions and emergency room visits by bridging gaps in care. The company serves more than 5,000 patients in seven states. The addition of Genesis and Saints brings the number of Charter locations to 18 and marks the company’s third program in Texas.

About Charter Healthcare

Charter Healthcare is committed to delivering high-quality services that enhance the post-acute care continuum by providing compassionate, innovative and accessible healthcare solutions for patients and their families. Over more than a decade, Charter has earned its reputation as a premier full-spectrum care provider that helps patients navigate the last years of life with services including home health, complex care management, palliative care and hospice. Founded in Southern California, Charter Healthcare now serves more than 5,000 patients in seven states. For more information about Charter Healthcare, visit charterhcg.com.

About Pharos Capital Group

Based in Dallas and Nashville, Pharos Capital Group (www.pharosfunds.com) is an SEC Registered Investment Advisor. Since inception, Pharos has invested in 54 companies and has over $1.2 billion of private equity assets under management as of June 30, 2021. Pharos typically invests $25-$50 million in rapidly growing middle market companies seeking later stage funding for internal growth, acquisitions, leveraged buyouts, management buyouts, or recapitalizations predominantly across healthcare sectors.

For business development opportunities with Pharos Capital Group, please contact Adam Persiani at 214-740-7003 or apersiani@pharosfunds.com.

Media Contact

Caroline Luz

Lambert & Co.

203-656-2829

cluz@lambert.com

Category:Charter News

Tags:Acquisition expansionpost-acute