Senior care company Lifespark gets $16M Series A investment
Apr 10, 2020
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.”
HIPAA Reform Should Protect Patients, Scale Back Silos Around Medical Data
March 24, 2023Meaghan Puglisi
In an opinion piece featured in Healthcare Dive, Joel Theisen, Lifespark CEO, argues for an update of HIPAA that acknowledges an advanced technology landscape and scales back healthcare data silos. This conversation is getting a lot of buzz in Washington as congress looks to pass a bill which calls for a commission to review existing state […]
Data Equals Dollars: Senior Living Providers Blaze New Trails to Capture Care Revenue
March 17, 2023Meaghan Puglisi
Senior Housing News, interviewed Molly Toulouse, VP, Senior Living for a feature story on maximizing care revenue. Austin Montgomery, reporter, wanted insight into how senior living operators are shifting their strategy to capture new revenue opportunities based on care. Lifespark is noted as an example of how companies are getting creative in finding new ways […]
That’s what Lifespark CEO Joel Theisen and LeadingAge President & CEO Katie Smith Sloan answered in a Q&A in Modern Healthcare. The healthcare industry is facing a wide variety of challenges—and solutions aren’t always straightforward shared the reporter, David May. The number of people age 65 and older in the U.S. is projected to rise […]