Healthcare & Life Sciences Private Equity Deal Tracker: HealthEdge Sells The Columbus Organization

McGuireWoods LLP

HealthEdge Investment Partners has announced it has sold The Columbus Organization to CareSource.

The Columbus Organization, based in Blue Bell, Pa., provides care/support coordination, professional clinical staffing and quality improvement services for the intellectual/developmental disability (I/DD) or behavioral needs community. The company serves more than 100,000 individuals across 13 states.

HealthEdge Investment Partners, based in Tampa, Fla., makes control and minority equity investments exclusively in healthcare industry. Founded in 2005, the firm has wide flexibility on investment size as it pursues companies with between $5 million and $75 million in revenue. Within healthcare, HealthEdge targets the provider services, pharmaceutical and non-reimbursement industries.

CareSource, based in Dayton, Ohio, is a nonprofit, multi-state health plan. Founded in 1989, the company states that it administers one of the nation’s largest Medicaid managed care plans and serves 2 million members in Georgia, Indiana, Kentucky, Ohio and West Virginia.

Terms of the sale were not disclosed.

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McGuireWoods LLP

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