Pharos Capital Group LLC, a private equity firm, has made an investment in Renal Care 360°, a nephrology practice and chronic care management company.
Renal Care 360° partners with health systems, physician groups, and local communities to provide community healthcare management services, focusing on patients in underserved, rural communities. Pharos’s investment will be used to support the growth of the company’s RC360° Connected Care program, geographic expansion through acquisitions, and the development of value-based care programs. Joe Cashia, Renal Care 360° founder, will continue to lead the company as chairman and CEO.
“We are pleased to bring in such an experienced, healthcare-focused partner to help Renal Care 360° rapidly expand its care model to touch the lives of as many patients as possible,” says Cashia. “Pharos’s dedication to bridging inequities in care, demonstrated by their proven track record guiding value-based healthcare organizations, will be invaluable as we grow our clinic footprint, scale chronic care management infrastructure to meet the overwhelming market need, and work with health systems and payors to align incentives around optimization of patient outcomes to generate transformational cost savings to the system.”