Pharos Capital Group, LLC (“Pharos”), a private equity firm based in Dallas and Nashville, announced that its post-acute care provider platform, Charter Health Care Group (“Charter”), has acquired two hospice service providers, St. Luke’s Home Hospice LLC (“St. Luke’s”) and Arizona Select Hospice LLC (“Arizona Select”). Both providers were part of the VeraCare Hospice system. Financial terms of the transaction were not disclosed. Charter, based in Southern California, is a leading provider of post-acute care services that offers a variety of programs including hospice, home health, complex care management and palliative care services. St. Luke’s, based in Las Vegas, and Arizona Select, based in Phoenix, provide end-of-life hospice care along with palliative care services for adult patients with life-limiting illnesses. Both management teams will remain with their organizations. Pharos first invested in Charter in October 2018.
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Source: https://www.prnewswire.com/news-releases/pharos-capitals-charter-health-care-group-acquires-two-hospice-providers-301022744.html