Charter Health Care Group, a post-acute care provider platform owned by Pharos Capital Group since October 2018, has acquired St. Luke’s Home Hospice and Arizona Select Hospice from VeraCare Hospice.
Las Vegas-based St. Luke’s and Tempe-based Arizona Select both provide end-of-life hospice care along with palliative care services for adult patients with life-limiting illnesses.
Charter Health Care is a post-acute care provider of hospice, home health, and transitional care services. The company has more than eight Southern California locations across San Bernardino, Riverside, Los Angeles, Ventura and Orange counties and maintains partnerships with hospital systems, managed care organizations, assisted living facilities, nursing facilities, and medical groups. Charter, led by CEO Steve Larkin, was founded in 2006 and is headquartered near Los Angeles in Rancho Cucamonga, California.
“End-of-life and home health services are increasingly important to patient care across the country, and we are excited to be expanding our post-acute care platform into new geographic areas,” said Bob Crants, founding partner and chief investment officer of Pharos. “With its focus on ensuring a comfortable patient experience while lowering the costs of care, Charter has created a strong presence in Southern California and is now ready to build out its service line in additional markets.”
Dallas and Nashville-based Pharos Capital Group invests from $25 million to $50 million in middle-market companies seeking later-stage funding for internal growth, acquisitions, leveraged buyouts, management buyouts, or recapitalizations predominantly across healthcare sectors.
© 2020 Private Equity Professional | March 18, 2020
Revelstoke Capital Partners has made an investment in The Care Team, a Michigan-based home health and hospice agency.
“This investment is the result of a multi-year outbound search in the home health and hospice industry for providers that can offer excellent outcomes for patients in the lowest cost-of-care setting. Our partnership with TCT, a leading home health and hospice agency that is well-positioned for growth and consolidation, achieves this objective,” said Russell Cassella, a managing partner at Revelstoke.
“TCT’s management team has developed the infrastructure and capabilities needed to provide patients and families with exceptional and cost-efficient care. With consolidation in the industry expected to accelerate, we are seeking other leading agencies to partner with so we can further expand the company’s reach and capabilities,” added Jonathan Miller, a vice president at Revelstoke.
Denver-based 
