• Sun. Apr 14th, 2024

Charter Healthcare Files for Bankruptcy without Public Announcement, Serving Nearly 13,000 Patients under Various Brand Names

BySamantha Nguyen

Apr 2, 2024
Charter Healthcare, Provider of Hospice and Home Health Services, Files for Chapter 7 Bankruptcy

In February 2023, Charter Healthcare, a hospice and home health provider owned by Pharos Capital, 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, 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.

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

Pharos Capital did not respond to inquiries from Hospice News regarding the bankruptcy filing or their involvement with Charter Healthcare. Cheryl Lovell, who assumed her position as CEO at Charter early last year according to her LinkedIn page, is no longer associated with the company as of January due to the bankruptcy filing

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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