CareSource acquires Commonwealth Care Alliance
04/09/25, 4:20 PM
Location
daytonbostonIndustry
insurance
non profit
health care
CareSource has acquired Commonwealth Care Alliance, aiming to support the insurer's long-term sustainability for Massachusetts residents. CCA will continue to operate under the CareSource brand, maintaining its care teams and programs. The acquisition enables both organizations to share resources and expertise in managing complex healthcare needs. CCA's financial challenges prompted the search for a buyer, ultimately leading to this partnership.
Company Info
Location
Dayton, Ohio, United States
Company info
CareSource is a nonprofit, nationally recognized managed care organization with over two million members. CareSource administers one of the largest Medicaid managed care plans in the U.S. The organization offers health insurance, including Medicaid, Health Insurance Marketplace and Medicare products. As a mission-driven organization, CareSource is transforming health care with innovative programs that address the social determinants of health, prevention and access to care.