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Pharos Capital Group has announced its post-acute care provider platform, Charter Health Care Group, has acquired The Providence Hospice and The Providence Home Health Services, together referred to as Providence Home Health and Hospice.
Providence Home Health and Hospice, based in Sugar Land, Texas, is a provider of in-home hospice, palliative care, skilled nursing, physical therapy and other related services. Founded in 2006, the company provides hospice and home health services to patients and their families in nearly 100 communities in the Greater Houston area.
Pharos Capital Group, with offices in Dallas and Nashville, pursues control equity and mezzanine investments in lower and middle market companies primarily in healthcare and business services. Founded in 1998, the firm targets the provider services and non-reimbursement industries within healthcare.
Pharos-Backed Charter Health Acquires Providence Home Health
Pharos Capital Group LLC, a private equity firm based in Dallas and Nashville, has, through its post-acute care provider platform,
Charter Health Care Group, acquired
The Providence Hospice Inc. and
The Providence Home Health Services Inc., a Houston, TX in-home health care provider.
“Even before the onset of COVID-19, the demand for home health and end-of-life services had seen a dramatic upswing, and such services are now increasingly seen as a mainstream component of high-quality patient care,” said
Bob Crants, founding partner and chief investment officer of Pharos. “We are proud to support Charter’s expansion into Houston as well as its mission of ensuring a comfortable patient experience while lowering the cost of care.”
Cartesian SPAC Offers Separate Shares and Warrants
Cartesian Growth Corp. has offered holders of the units sold in the company’s initial public offering the option to separately trade shares of the company’s Class A ordinary shares and warrants included in the units.
Any units not separated will continue to trade on the
Nasdaq Capital Market and trade under the ticker symbol “
GLBLU.,” and the Class A ordinary shares and warrants that are separated will trade on Nasdaq under the symbols “
GLBL” and “
GLBLW,” respectively. Each holder of units will need to have its broker contact
Continental Stock Transfer & Trust Company, the company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.
Nashville entrepreneur Brad Smith, a former top health official for the Trump administration, is launching a firm to create and grow healthcare companies to better serve the country s most vulnerable patients.
Russell Street Ventures will be part private equity firm and part incubator, working to create or boost healthcare companies that improve vulnerable patients quality of care and lower their healthcare costs, Smith announced Tuesday.
The Nashville-based firm plans to launch or partner with two to three technology-enabled healthcare service companies within the next six months to a year. At least one of those companies will focus on improving access to healthcare in rural areas. Others may focus on senior healthcare or patients with serious illnesses and disabilities.
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