Charter Health Acquires Two Hospice Companies


Covina-based post-acute care provider Charter Health Care Group has acquired two hospice service companies, part of a series of acquisitions this year, according to an Oct. 13 announcement.

Charter, which is owned by private equity firm Pharos Capital Group, has acquired Denver-based Vitality Home Healthcare (doing business as Phoenix Home Care & Hospice) and Salt Lake City-based Heartwood Home Health & Hospice, according to the announcement from Pharos.

“We are pleased to add Phoenix and Heartwood to Charter’s portfolio,” Charter Chief Executive Steve Larkin said in the announcement. “We look to partner with teams that share our mission of leading the home care and hospice industry toward the best solutions for patients, families, and caregivers.”

Financial terms of the transactions were not disclosed.

The deals give Charter four acquisitions in 2020. In March, the company bought Las Vegas-based St. Luke’s Home Hospice and Phoenix-based Arizona Select Hospice in March.

Charter, which was founded in 2006, provides hospice, home health and transitional care services. The company serves more than 3,600 patients through multiple locations in California, Arizona, Colorado, Nevada and Utah.

Pharos, which has dual headquarters in Dallas, Texas and Nashville, Tenn., specializes in investing in health care companies. It first invested in Charter in October 2018.

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