Post-acute care provider platform Charter Health Care Group, backed by Pharos Capital Group LLC, has acquired Genesis HospiceCare in Athens, Texas, and Saints Hospice in Plano, Texas.
Founded in 1995, Genesis HospiceCare has provided hospice care to patients and families in the Athens, Texas, community for over 25 years. Saints Hospice has served the Plano community for 15 years.
“We are proud to support Charter’s mission of ensuring a comfortable patient experience while lowering the costs of care,” said Bob Crants, founding partner and chief investment officer of Pharos. “Charter will team with Genesis and Saints to expand service offerings in North and East Texas and continue with its tradition of providing compassionate, comprehensive care solutions for patients and families navigating the last years of life.”
Charter offers a spectrum of post-acute care services, including hospice, palliative care, acute/hospital-based care, home health, and private duty home 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 fourth program in Texas.