Home Care Innovator Lifesprk To Acquire Senior Living Operator Tealwood

Lifesprk, which specializes in providing value-based care largely through home- and community-based services, is acquiring Tealwood Senior Living. Financial terms were not disclosed. Tealwood operates a portfolio of 35 senior living communities across Minnesota and Wisconsin. Three of those locations also offer skilled nursing services. After the acquisition closes, the communities will be rebranded as Lifesprk Senior Living.

Based in St. Louis Park, Minnesota, Lifesprk was founded in 2004 with a mission to help older adults "age magnificently," and spark lives. They have focused their conversations and actions on forging partnerships to better serve seniors with a whole . . .