January 22, 2018
Oklahoma City -- LifeSpring In-Home Care Network has obtained a growth capital investment from Deaconess Associations, Inc.
“After years of hard work and dedication, this strategic investment from Deaconess Associations will make it possible for LifeSpring to further expand throughout the region, bringing our exceptional in-home services to patients and clients in need,” said Karen Vahlberg, LifeSpring founder and CEO.
Founded in 2003, LifeSpring In-Home Care Network delivers in-home care through home health, hospice and private duty services. Headquartered in Norman, the company has more than 250 employees providing services across 27 counties in Oklahoma with recent expansions to McAlester and Sayre. Post-acute care is a rapidly expanding segment of the broader healthcare industry, and LifeSpring has remained diligent about its competitive edge, enabling the company to adapt to an ever-changing regulatory environment.
Deaconess Associations, based in Cincinnati, Ohio, has roots dating back to 1888, and currently oversees a $500 million portfolio of healthcare services, investments and community grant initiatives in the greater Cincinnati area and throughout the country. Deaconess Associations, Inc. purchased a stake in LifeSpring with a mandate to invest additional capital to expand LifeSpring’s footprint in the region.
LifeSpring and Deaconess Associations will immediately look for additional acquisition opportunities to grow in Texas and surrounding states, while continuing to support organic growth throughout Oklahoma.
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