Charter Healthcare, Provider of Hospice and Home Health Services, Files for Chapter 7 Bankruptcy

Charter Healthcare, a hospice and home health provider owned by Pharos Capital, has filed for Chapter 7 bankruptcy without making a public announcement. The petition was filed in the Federal District Court of Delaware at the end of January, as per documents obtained by Hospice News.

At the time of the bankruptcy filing in February 2023, Charter served nearly 13,000 patients by offering hospice, home health, complex care management, and palliative care services under various brand names. Liquidation under Chapter 7 is available for individuals or businesses unable to make regular payments towards their debts or choosing to terminate their operations. A court-appointed trustee manages the conversion of assets into cash for distribution among creditors.

Court filings reveal Charter’s total liabilities to creditors amounting to almost $37 million. Despite the bankruptcy filing, Charter was actively acquiring hospice and home health companies as of 2021. In April of that year, the company purchased The Providence Hospice and The Providence Home Health Services Inc. in Texas for an undisclosed amount.

Charter Healthcare’s headquarters is based in California. Public records indicate Chapter 7 filings for Charter locations in at least eight states across the company’s footprint. The company’s website is also no longer accessible.

Pharos, Charter Healthcare’s private equity sponsor, did not respond to inquiries from Hospice News and neither did Charter’s attorney named in court documents provide any replies either. Cheryl Lovell assumed her position as CEO at Charter early last year but according to her LinkedIn page she is no longer associated with Charter as of January.

By Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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