CareSource, a not-for-profit Medicaid managed-care company based in Dayton, Ohio, has finalized the purchase of Community Choice Michigan.
CareSource did not disclose the financial terms of the deal, announced in October, which adds about 49,000 Medicaid beneficiaries in Michigan to the 553,000 the company covers in Ohio. CareSource plans to roll out a Medicare Advantage plan in both states in January. Not-for-profit Community Choice Michigan, based in Okemos, Mich., was formed in 1995 and for the past four years has had a management contract with CareSource. -- by Gregg Blesch
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