Pharos Capital’s Charter Health Care Acquires Two Texas Hospice Providers | Texas News

DALLAS i NASHVILLE, Tenn., August 30, 2021 / PRNewswire / – Pharos Capital Group, LLC (“Pharos”), a privately held company based in Dallas i Nashville, announced that its post-acute care provider platform, Charter Health Care Group (“Charter”), has acquired Genesis HospiceCare from Athens, Texas, and Saints Hospice a Plano, Texas. The financial terms of the transaction were not disclosed.

“We are proud to support Charter’s mission to ensure a comfortable patient experience and reduce the costs of care,” said Bob Crants, founding partner and chief investment officer of Pharos. “Charter joins Genesis and Saints to expand service offerings in the north and East Texas and continue its tradition of providing compassionate and 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 Athens, Texas, community for over 25 years, while Saints Hospice has served the Plan community for 15 years.

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

Charter offers a wide range of post-acute care services for patients navigating the last years of life, including hospices, palliative care, acute / hospital care, qualified home health and private home care. Charter’s expertise in complex care management reduces hospital admissions and emergency room visits, reducing care gaps. The company serves more than 5,000 patients in seven states. The addition of Genesis and Saints makes the number of places on the Charter 18 and marks the company’s fourth program in Texas.

About Charter Health Care

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

As for the Pharos Capital group

Based on Dallas i Nashville, Pharos Capital Group (www.pharosfunds.com) is a physician-founded investment company focused on growing healthcare companies that aim to reduce the total cost of care, improve patient outcomes and expand access to care in underserved markets. Since its inception, Pharos has invested in 54 companies and has outperformed $ 1.2 billion of private equity assets managed from June 30, 2021. Pharos usually invest $ 25$ 50 million in fast-growing mid-market companies seeking financing at later stages for internal growth, acquisitions, leveraged purchases, management purchases or recapitalizations predominantly in the healthcare sectors.

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

Contact with the media

Caroline Light

Lambert & Co.

203-656-2829

cluz@lambert.com

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SOURCE Pharos Capital Group