Chris Snowbeck, reporter for Star Tribune, updated readers on Blue Cross’s investment in Lifespark.
The parent company of Blue Cross and Blue Shield of Minnesota is selling Livio Health, a business that provides in-home health services to seniors. Livio will be acquired by Lifespark, a St. Louis Park-based company with a technology platform for helping seniors avoid trips to the hospital.
As part of the agreement, Aware Integrated, the parent company of Eagan-based Blue Cross, becomes a minority owner in Lifespark through a cash investment made in addition to the valuation of Livio Health.
“Our investment in Lifespark will help fuel greater growth and innovation in ways that benefit the entire system, across all populations,” said Dana Erickson, president and chief executive at Blue Cross, in a statement.