Skilled Nursing News May 11, 2021
Lifesprk, a senior care company providing services that span the home-based care continuum, is acquiring Tealwood Senior Living, which operates 35 communities in Minnesota and Wisconsin.
The transaction is focused primarily on senior living, but three of Tealwood’s locations offer skilled nursing services – and the acquisition by Lifesprk might provide some insights into how institutional care could be shaped by the combination of changing consumer tastes and a pandemic-causing contagious disease.
Tealwood used to manage an additional 14 nursing homes throughout Minnesota, Iowa, Nebraska and South Dakota, all in rural settings, Tealwood president and co-founder Howie Groff noted. And those facilities ended up being retrofitted with private rooms, through the addition of assisted living wings, he told Skilled Nursing...
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