April 23, 2024 3:21 pm
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. Public records indicate Chapter 7 filings for Charter locations in at least eight states across the company’s footprint, with its headquarters based in California. The company’s website is also no longer accessible.

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 CEO Cheryl Lovell assumed her position at the company early last year and was mentioned in court filings as being associated with Charter as of January. 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.

Leave a Reply