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 person client-for-life focus. On the fast-track to developing the alternative delivery system enabled by an innovative technology platform that breaks down the siloed walls within the “sick care” system, Lifesprk creates a proactive, community-based continuum model that is centered on the consumer—not the payer, environment, or disease. Lifesprk can connect almost any service, any time, any place.
Tealwood Senior Living launched operations in January 1989 by leasing five established senior living communities. In 2002, the core team behind Tealwood Senior Living established Tealwood Management to manage its own communities and manage communities owned by other companies. Its communities include freestanding assisted living communities, skilled nursing centers, and larger campuses. Around 2008, it partnered with Trident Development to co-develop 18 senior housing projects. In 2008, Tealwood began a company-wide focus on wellness. Using the 7 Dimensions of Wellness as a foundation, it developed programming to foster residents’ physical, mental, and emotional health.
This was reported by Lifesprk on May 11, 2021.
Contact information: Lifesprk, 5320 W 23rd Street, Suite #130, St. Louis Park, Minnesota 55416; 952-345-8770; Website: https://www.lifesprk.com/
Contact information: Tealwood Senior Living, 7400 W 109th St., Bloomington, Minnesota 55438; Website: https://twsl.com/