XS
SM
MD
LG
XL

This size screen isn't yet supported. We're working on that.

Senior care company Lifespark gets $16M Series A investment

  • Apr 10, 2020
  • Meaghan Puglisi
  • 1-min Read

Senior care company Lifespark has raised a $16.1 million Series A round of funding, the company announced on Thursday.

The investment was led by California-based Virgo Investment Group. Minnetonka-based Cherry Tree & Associates served as an adviser on the deal.

Lifespark provides in-home care for seniors. It plans to use the capital to invest in an electronic-records system that can be accessed by clients, clients’ families and care providers. It will also use the money to step up hiring and create new partnerships, like the one Lifespark already has with North Memorial Health.

“The traditional model of health care is siloed, broken, and confused in payment reform,” said Lifespark CEO Joel Theisen in a statement. “Now is the time to capitalize on immediate market opportunities for true disruption.”

Read on for the full story in the Minneapolis/St. Paul Business Journal…

Related Articles

News

Memory Care Operators See ‘Great Opportunity’ for GUIDE Model After Launch

July 10, 2024 Meaghan Puglisi

In a recent article in Senior Housing News, reporter Austin Montgomery shares how memory care operators are gearing up for deeper participation in the new Guiding an Improved Dementia Experience (GUIDE) program from the Centers for Medicare and Medicaid Services (CMS), which officially launched this week. Austin interviewed Matt Kinne, Lifespark Chief Operating Officer, on […]

READ MORE

News

Dozens Of In-Home Care Providers Unveiled As Participants In CMS’ GUIDE Model

July 8, 2024 Meaghan Puglisi

Andrew Donlan, editor for Home Health Care News, shared the latest update on CMS’ GUIDE Model noting Lifespark as a participating organization. CMS said that there will be almost 400 participating organizations building Dementia Care Programs (DCPs) to serve Medicare beneficiaries at first. Those include Lifespark, InHome Connect, VNA Health System, Memory Care Home Solutions, […]

READ MORE

News

Lifespark Adds Emergency Response Services as Part of Larger Value-Based Care Efforts

July 5, 2024 Meaghan Puglisi

Lifespark was interviewed by Senior Housing News where Lifespark CEO, Joel Theisen, shared our why and vision for adding Urgent Response Services to our Lifespark COMPLETE offerings. This addition is aimed at cutting down on unnecessary urgent care and hospital visits and meeting demand for more value-based care arrangements. Through its new urgent response team, […]

READ MORE