CareSource, a non-profit managed care organization (MCO), acquired The Columbus Organization from HealthEdge Investment Partners. The Columbus Organization provides services for individuals with intellectual/developmental disabilities (IDD) and behavioral health challenges. This is CareSource’s first major acquisition. Financial terms were not disclosed. The Columbus Organization will operate as a standalone company within CareSource and continue to serve its current customers across the U.S, and its 500+ employees will continue as employees of The Columbus Organization.
The Columbus Organization provides care coordination, professional clinical staffing, and quality improvement services. With operations in 13 states, the organization serves more than 100,000 people. Since 1984, The Columbus Organization has assisted more than 140 state and local agencies in over 40 states and the District of Columbia to help solve staffing and programmatic problems.
CareSource is a non-profit, multi-state health plan recognized as a national leader in managed care. Founded in 1989, CareSource administers a Medicaid managed care plan in Ohio and offers Medicaid, Health Insurance Marketplace, Medicare Advantage and dual-eligible programs. It serves 2 million members in Georgia, Indiana, Kentucky, Ohio, and West Virginia. CareSource is also a partner in CareSource PASSE, which has been approved as a new option for the Provider-Led Arkansas Shared Savings Entity (PASSE) Program for Arkansans with complex behavioral health challenges and individuals with I/DD.
HealthEdge Investment Partners, LLC is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the health care industry. HealthEdge seeks to achieve returns by investing in businesses that benefit from the knowledge, experience, and network of relationships of its partners. HealthEdge’s partners have more than 100 years of combined experience in healthcare as operating executives and investors.
This was reported by CareSource on November 19, 2021.
Contact information: CareSource, 230 N. Main Street, Dayton, Ohio 45402; Website: https://www.caresource.com/
Contact information: The Columbus Organization, 350 Sentry Parkway, Building 620, Suite 120, Blue Bell, PA 19422; (610) 592-0292; Fax: (888) 379-2524; Email: email@example.com; Website: https://www.columbusorg.com/
Contact information: HealthEdge, 5550 W. Executive Drive Suite 230, Tampa, FL 33609; (813) 490-7100; Fax: (813) 490-7111; Email: info@HealthEdgePartners.com; Website: https://www.healthedgepartners.com/