Home Health Care News reporter, Joyce Famakinwa shared the news that Lifespark has agreed to acquire Livio Health, a wholly owned subsidiary of the parent company of Blue Cross and Blue Shield of Minnesota (Blue Cross).
What’s more, the parent company of Blue Cross has landed a minority owner stake in Lifespark through a cash investment made in addition to the valuation of Livio Health.
“It’s really kind of a three piece partnership,” Lifespark CEO Joe Theisen told Home Health Care News. “There’s the Livio acquisition but in addition to that, Blue Cross Blue Shield is making a financial capital investment in Lifespark as a minority owner. In addition to that, we’re aligning around new populations and new lives that are really important on a go-forward basis. All three of those things really culminate in the kind of partnership that Lifespark wants.”