CareSource, a nonprofit managed care organization, announced that Community Care, Inc. will become an affiliate following the completion of all required state and federal regulatory approvals.
Community Care is a managed care organization and provider of comprehensive care services for older adults and adults with disabilities to live independently in the community. It servies 15 counties in Wisconsin including: Calumet, Fond du Lac, Manitowoc, Outagamie, Sheboygan, Waupaca and Winnebago.
Community Care serves adults across the state aged 55 and older, and 18 and older with physical, intellectual or developmental disabilities enrolled in Wisconsin’s three major long-term care programs; Family Care, Family Care Partnership and Program of All-Inclusive Care for the Elderly (PACE). In addition to caring for members in the community, the organization operates three certified adult day and health centers in Milwaukee, Racine and Waukesha. The organization provides access to home and community-based services, care coordination and personal care assistance.
Over the past several years, the long-term care landscape has changed in Wisconsin, making it challenging for smaller, regional nonprofits like Community Care to operate financially, which has contributed to the recent trend in consolidation, according to Kenneth Munson, Community Care CEO.
“When considering the idea of merging, the executive leadership team and the board of directors felt it was critical that we partner with an organization, ideally a nonprofit, whose values aligned with ours and put members and employees first,” Munson said. “We found such a partner in CareSource, and this relationship will allow us to stay competitive, to continue providing excellent care to our members, and to expand our mission to serve more vulnerable people in Wisconsin.”
The anticipated Community Care transaction marks the second for CareSource and a Wisconsin company. Earlier this year, CareSource announced plans to pursue an affiliation with Common Ground Healthcare Cooperative, the state’s leading Individual Marketplace insurer based on the number of individuals served.
Community Care and its 700 employees will remain in Wisconsin. CareSource is based in Dayton, Ohio, and has $11.1 billion in annual revenue.
