CareSource To Acquire New York-Based Long-Term Care Plan, ElderServe Health

Non-profit managed care organization CareSource plans to acquire non-profit ElderServe Health, Inc., dba RiverSpring Health Plans (ElderServe Health) through a change-of-control transaction. ElderServe Health is a long-term care plan based in New York and serves approximately 20,000 older adults and adults with disabilities, primarily Medicare-Medicaid dual eligibles. Subject to state regulatory approval, RiverSpring Living will end its affiliation with ElderServe Health, which will join CareSource's family of brands. Going forward, RiverSpring Living will focus on providing residential, supportive, and assisted living services.

ElderServe Health’s headquarters and employees will remain in New . . .