Pharos Capital and Baroco Celebrate New Facility Opening
DALLAS and NASHVILLE, Tenn. — Pharos Capital Group, LLC, a physician-founded investment firm based in Dallas and Nashville, has announced that its portfolio company Baroco Corporation, a provider of day programs and support services for individuals with intellectual and developmental disabilities, celebrated the grand opening of its newest site in Agawam, Massachusetts.
With this new facility, Baroco now operates six locations, enabling the company to serve more than 330 individuals in Massachusetts and Connecticut. Pharos first invested in Baroco in 2023, marking a significant milestone in their commitment to improving services for individuals with developmental disabilities.
Baroco specializes in supporting adults with intellectual and developmental disabilities by offering a comprehensive day program. Their services include integrated therapies such as Occupational, Behavior Management, Physical, and Speech Therapy. These tailored services take place within an enriched environment designed to enhance functional skill development across various domains, empowering individuals to build independence.
Bob Crants, Pharos Founding Partner and Chief Investment Officer, expressed enthusiasm regarding Baroco's mission, stating, "Baroco perfectly embodies what Pharos seeks in its investments – a growing company dedicated to creating business value while lowering costs and expanding access to critical care needs in underserved regions. We are excited to support Baroco's management team as it expands its services through this new location, which reaches the highest acuity and most fragile members of the community."
About Baroco
Founded in 1983 and headquartered in Northampton, Massachusetts, Baroco operates six community-based day habilitation programs across central and western Massachusetts. They also run three day support programs in Connecticut, providing vital services to over 330 individuals with developmental disabilities and various behavioral and physical health disabilities. Baroco’s mission is to deliver the highest standard of care, fostering meaningful opportunities that enable individuals with disabilities to contribute to and thrive within their communities.
About Pharos Capital Group
Pharos Capital Group, established by a former physician, is based in Dallas and Nashville. The firm focuses on investing in growing healthcare companies aimed at lowering total costs of care, improving patient outcomes, and expanding access in underserved markets. Since its inception, Pharos has invested in 61 companies and manages over $900 million in assets. The firm typically invests between $25-$50 million in rapidly growing middle-market companies, providing necessary support for growth, acquisitions, and other strategic needs.
Community Impact and Future Prospects
The opening of Baroco's new Agawam facility represents a significant expansion in their efforts to serve a critical segment of the population. The importance of such facilities cannot be overstated, especially in areas where resources may be limited. This dedication to service demonstrates both Baroco’s and Pharos’s commitment to enhancing care accessibility for the most vulnerable individuals.
As Baroco continues to flourish, plans for further expansion may very well be on the horizon. Investing in facilities that cater to developmental disabilities not only benefits the individuals who directly receive care but also supports their families and the broader community by promoting inclusivity, dignity, and respect for all individuals.
Frequently Asked Questions
What services does Baroco provide?
Baroco offers comprehensive day programs that include integrated therapies such as Occupational, Behavior Management, Physical, and Speech Therapy for individuals with intellectual and developmental disabilities.
Where is the new Agawam facility located?
The new facility is located in Agawam, Massachusetts, serving the local community and surrounding areas.
When was Baroco founded?
Baroco was founded in 1983 and has been operational for several decades, providing vital services to individuals with disabilities.
Who is behind Pharos Capital Group?
Pharos Capital Group was established by a former physician and focuses on investing in healthcare companies that strive to enhance access and reduce costs.
What is the significance of this new location for Baroco?
The new location expands Baroco's ability to reach and provide services to individuals with high needs, enhancing the support available in the community.
