DALLAS and NASHVILLE, Tenn. (August 12, 2021)—Pharos Capital Group, LLC, a private equity firm based in Dallas and Nashville, Tennessee, announced that its post-acute care provider platform —Charter Health Care Group—has acquired Generations Hospice Care, Inc., in San Antonio, Texas.
Financial terms of the transaction were not disclosed. Sister agencies Generations Hospice of Austin and Generations Visiting Practitioners, LLC, will remain with the Generations family of corporations and are not part of the transaction.
Generations Hospice Care offers a variety of services, including pain and symptom management, medication and medical equipment, therapy, nursing care, dietary assistance, and emotional care and counseling for both patients and family members. Services are provided wherever the patient resides, including the home of the patient or a family member, or an assisted living, skilled nursing or other residential facility. Care is provided by an interdisciplinary team of doctors, nurses, hospice aides, social workers, spiritual counselors, and trained volunteers.
Charter Health Care is a provider of post-acute care services that offers a broad spectrum of programs for patients navigating the last years of life, including hospice, home health, complex care management and palliative care services. The company serves more than 5,000 patients in seven states. In April, Charter acquired The Providence Hospice, Inc., and The Providence Home Health Services, Inc., a Houston, Texas in-home health care provider.
"Palliative care has played an important role throughout the pandemic and we expect a continued and rising need for home health and end-of-life services," said Bob Crants, Founding Partner and Chief Investment Officer of Pharos. "We are proud to support Charter's mission of ensuring a comfortable patient experience while lowering the costs of care."
Charter CEO Steve J. Larkin said, "We are pleased to add Generations Hospice to our portfolio as we continue to expand our footprint in Texas. Their philosophy of humanizing death and dying, along with their family-centered approach that tailors a plan specific to each patient, dovetails with Charter's belief in providing compassionate, comprehensive care solutions for patients and families navigating the last years of life."
Visit charterhcg.com for more information.
