Pharos Capital gets majority of Charter Health Care Group
Summary
Dallas, Texas and Nashville, Tennessee, October 30, 2018 – Pharos Capital Group, LLC (“Pharos”), a private equity firm based in Dallas and Nashville, announced it has made a majority investment in Charter Health Care Group (“Charter”), a leading provider of post-acute care services based in Southern California.“We are excited to establish a platform in the rapidly growing post-acute care segment of the healthcare industry,” said Bob Crants, Founding Partner of Pharos.The operational expertise and financial resources Pharos brings will allow us to continue to refine our model while expanding our collaborative efforts with local communities and healthcare providers.”This marks the tenth platform portfolio investment from Pharos III and III-A, healthcare-focused private equity sister funds.With over 1,000 patients and eight locations across San Bernardino, Riverside, Los Angeles, Ventura and Orange counties, the company has established a deep presence in the Southern California market and has uniquely positioned itself as a trusted partner for hospital systems, managed care organizations, assisted living facilities, skilled nursing facilities, medical groups, and surrounding communities.
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