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
- Industry
- Healthcare Services
- Location
- Texas, United States
- Transaction Type
- Addon
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