Pharos-backed Beacon Specialized Living Services acquired Owakihi.

Pharos-backed Beacon Specialized Living Services, a behavioral healthcare company, acquired Owakihi, a leading Minnesota provider of home and community-based support services to individuals with intellectual and developmental disabilities. Terms of the transaction were not disclosed. Jim Phillips, Partner at Pharos Capital Group, said, "With this add-on Beacon is creating a multi-state, regional platform to address I/DD and severe mental health. The need for such residential services is acute and Beacon is well-positioned to work with private, county and state agencies and case managers to bring quality long-term solutions to this deserving population."