#United States #Developmental Disabilities #Agawam #Pharos Capital #Baroco Corporation

Pharos Capital’s Baroco Expands to Agawam, MA

Pharos Capital Group, a Dallas and Nashville-based investment firm established by physicians, has announced an exciting expansion of its portfolio. Baroco Corporation, a leading provider of support and day programs for individuals with intellectual and developmental disabilities (I/DD), has just opened a new facility in Agawam, Massachusetts. This strategic move not only marks Baroco’s growth but also signifies a crucial enhancement in services available to adults with I/DD in a previously underserved area.

With this new location, Baroco now manages a total of six facilities, collectively supporting over 330 individuals across Massachusetts and Connecticut. Since receiving investment from Pharos in 2023, the company has prioritized expanding its reach and service quality.

Baroco’s programs are meticulously designed to cater to adults with I/DD, offering a comprehensive day program that includes integrated therapies such as Occupational Therapy, Behavior Management, Physical Therapy, and Speech Therapy. These services are personalized, aiming to foster functional skills across various domains, thereby promoting independence among clients. The new Agawam facility embodies Baroco’s commitment to providing high-quality care in an enriching environment.

Bob Crants, Pharos's Founding Partner and Chief Investment Officer, expressed enthusiasm regarding this new development: “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 that reaches the highest acuity and most fragile members of the Agawam and greater Springfield community.”

About Baroco

Founded in 1983 and based in Northampton, Massachusetts, Baroco plays a critical role in providing community-based day habilitation programs and support mechanisms for individuals facing not only I/DD but also other behavioral and physical health challenges. By delivering the highest standard of care, Baroco seeks to offer meaningful opportunities for individuals with disabilities, empowering them to contribute to and integrate into their communities effectively.

Baroco’s mission emphasizes community involvement, enabling individuals to become productive members of society and enhancing the overall quality of life for its clients. Along with operating day habilitation programs in Massachusetts, it runs three day support programs in Connecticut, thereby amplifying its impact across state lines.

About Pharos Capital Group

Pharos Capital Group is a dedicated investment firm that identifies and supports healthcare companies focused on alleviating costs and enhancing care accessibility. Established by a former physician, it has invested in a wide array of healthcare initiatives, amounting to over $900 million in assets under management as of September 2025. Pharos typically invests between $25-$50 million in rapidly growing middle-market companies that aim for internal growth and innovation, including leveraged buyouts and acquisitions within the healthcare sector.

The opening of Baroco’s new Agawam facility is a testament to Pharos Capital's mission to drive forward-thinking investment strategies that not only generate business value but also prioritize the enhancement of community wellbeing and access to essential services for individuals facing developmental challenges.

This landmark development highlights a larger narrative concerning the necessary growth of support facilities dedicated to individuals with I/DD, and the critical role that investment firms like Pharos can play in revolutionizing care for our communities.