LifeSpring In-Home Care Network Receives Growth Capital Investment From Deaconess Associations, Inc.


Oklahoma City (Feb. 20, 2018) LifeSpring In-Home Care Network has obtained a growth capital investment from Deaconess Associations, Inc. Infinity Capital Partners, an investment banking firm based in Oklahoma City acted as exclusive financial advisor to LifeSpring.

“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.

“We’re excited for the LifeSpring team – they’ve worked very hard to build an outstanding in-home care platform, and this transaction represents a validation of those efforts,” said Bryan Vahlberg, Managing Partner at Infinity Capital Partners. “Look for this partnership to accomplish great things in the coming years.”

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.

Infinity worked closely with LifeSpring ownership, advising in all phases of the transaction including marketing, due diligence and structuring of the transaction. McAfee Taft served as legal counsel to LifeSpring. Terms of the transaction were not disclosed.


About Infinity Capital Partners

Infinity Capital Partners offers a full-suite of investment banking services for lower middle-market businesses, typically working with companies that have between $2 million to $50 million in EBITDA. Headquartered in Oklahoma City, the company has established a reputation working with businesses and institutional capital providers to expand operations, transition ownership or recapitalize the business. For more information about Infinity Capital Partners please visit InfinityCapPartners.com.


About LifeSpring In-Home Care Network

The mission of LifeSpring Home Care is to provide exceptional in-home services to help our patients and clients remain in their homes, near their families, for as long as they choose to do so.  Our mission includes supporting our elderly and ailing, our communities and our country through the provision of home health care, hospice care and personal services in the most cost- effective and desirable setting. For more information about LifeSpring In-Home Care Network please visit lifespringhomecare.com.

 

About Deaconess Associations, Inc.

The Deaconess legacy is one of compassionate care in the Christian tradition that has enhanced greater Cincinnati’s health and well-being through hospital and specialty healthcare services since 1888. Headquartered in Cincinnati, Ohio, today Deaconess is an independent, diversified not-for-profit enterprise managing a $600+ million portfolio of health services, programs, investments and community grant initiatives in greater Cincinnati and across the country. For more information about Deaconess Associations, Inc. please visit deaconess-healthcare.com.