Senior Housing News May 11, 2021
Lifesprk — a company that specializes in providing value-based care largely through home- and community-based services — is acquiring Tealwood Senior Living.
The transaction could prove to be a milestone for how senior living providers are integrated into population health efforts, with Green House and Eden Alternative visionary Dr. Bill Thomas leading the efforts to combine the two companies’ operations.
Bloomington, Minnesota-based Tealwood operates a portfolio of 35 senior living communities across Minnesota and Wisconsin. Three locations offer skilled nursing services. Going forward, the communities will be rebranded as Lifesprk Senior Living.
Leaders with Lifesprk and Tealwood did not disclose financial details of the transaction. However, Lifesprk is fully acquiring the Tealwood operating company and is also taking a real...