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.