Pharos Capital Group, LLC has announced the acquisition by its post-acute care provider platform Charter Health Care Group of Silver Linings Hospice Care in Albuquerque, marking Charter’s first move into the New Mexico market. Financial terms were not disclosed.
Pharos Capital is a physician-founded private equity firm based in Dallas and Nashville. With over $1.3 billion of private equity assets under management as of September 30, 2021, Pharos Capital invests in growing healthcare companies that aim to lower the total cost of care, improve patient outcomes and expand access to care in underserved markets.
Charter Health Care is an integrated post-acute care provider offering hospice, home health and transitional care services. Founded in 2006 in Southern California, Charter Health Care now serves more than 5,000 patients through 19 locations in eight states.
Based in Cedar Crest, New Mexico, Silver Linings provides hospice care to its patients throughout North Central New Mexico. The Silver Linings team works with the patient’s physician to provide pain and symptom relief, personal care, emotional and social services support and spiritual and bereavement counseling.
The Silver Linings acquisition increases Charter’s footprint to eight states and comes more than a month after Pharos Capital acquired THEMA Health Services, a hospice provider headquartered in Prescott, Arizona.
