Charter Health Care Group (Pharos Capital) Acquires Providence Home Health and Hospice

April 13, 2021

Charter Health Care Group, a post-acute care platform backed by Pharos Capital Group, has acquired The Providence Hospice, Inc. and The Providence Home Health Services, Inc. (collectively, Providence Home Health and Hospice), a Houston-based in-home hospice and home health provider. Financial terms were not disclosed; Providence was founded in 2006, has about 75 employees, and will expand Charter's post-acute footprint into the Greater Houston area as its sixth acquisition since early 2020.

Buyers
Pharos Capital Group, Charter Health Care Group
Targets
The Providence Hospice, Inc., The Providence Home Health Services, Inc., Providence Home Health and Hospice
Sellers
Gary Stansbury, Jr.
Platforms
Charter Health Care Group
Location
Texas, United States
Transaction Type
Addon

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