Lifespark announced on November 2 that it acquired Minneapolis-based Livio Health.
Founded in 2015, Livio Health provides medical care for people with chronic and serious illness modern house calls.
Based in St. Louis Park, Minnesota, Lifespark is a senior care provider with both home health and senior living operations. The company’s other services lines include home care, hospice and primary care. It was founded in 2004.
Lifespark’s purchase of Livio Health fits in the company’s goal of moving towards a more holistic, risk-based and value-based care system. The deal is expected to close within the next few months. The financial terms of the deal were not disclosed.
According to the LevinPro HC database, this transaction marks the 92nd Home Health & Hospice (HH&H) acquisition of the year, and the 14th in the palliative care subsector. It also represents the eighth HH&H transaction of the fourth quarter of 2022.
