DAYTON, Ohio, Oct. 27, 2016 (GLOBE NEWSWIRE) -- CareSource, a nonprofit health plan headquartered in Dayton, Ohio, plans to expand its footprint in downtown Dayton with the construction of a new, seven-story, office building, CareSource Center City. The new building will allow CareSource to create a walkable campus-like environment for employees within the core of downtown Dayton while accommodating the company's unprecedented growth.
CareSource has experienced rapid growth in recent years due to the passing of the Affordable Care Act, the launch of the Ohio dual eligible program MyCare Ohio, and a continual increase in Medicaid business through expansion and opportunities in new states. The resulting exponential growth in the health plan's membership has led to an unprecedented rise in employment with CareSource welcoming more than 800 new employees, just in 2016.
Located at the corner of First and Jefferson streets, the site of CareSource Center City is near the company's four existing Dayton offices. The structure will increase the CareSource footprint in downtown Dayton to more than 800,000 square feet. Construction on the new building is expected to begin early next year, contingent upon approvals for state and local supports.
"More than 10 years ago we took a bold step in the height of the economic recession and invested in Dayton by building the CareSource headquarters at Main and Monument. We were confident then in the uniqueness of downtown and stepped up to lead the way in identifying underutilized land and reinvigorating it with new purpose. Since that time we have exceeded what I could have imagined for us," said Pamela Morris, President and CEO of CareSource.
- Location: Corner of First and Jefferson streets
- Size: Seven stories, 250,000 square feet
- Capacity: 900 employees
- Groundbreaking: First quarter 2017
- Estimated completion: 2019
- Current Dayton-based workforce: 2,200 employees
- CareSource total workforce: 3,100 employees
CareSource Downtown Dayton Footprint
- Headquarters at 230 N. Main
- Ballpark Village at 220 E. Monument
- Kettering Tower, third and fourth floors
- Office at 40 W. Second Street
CareSource is a nonprofit health plan nationally recognized for leading the managed care industry in providing member-centric health care coverage. Founded in 1989, CareSource is one of the nation's largest Medicaid managed care plans. Today, CareSource offers a lifetime of health coverage to more than 1.5 million members across four states including offerings on the Health Insurance Marketplace and Medicare Advantage plans.
Headquartered in Dayton, Ohio, CareSource has a workforce of 3,100 employees. CareSource is living its mission to make a lasting difference in its members' lives by improving their health and well-being. CareSource understands the challenges consumers face navigating the health system and works to put health care in reach for those it serves.
For more, visit caresource.com, follow @caresource on Twitter, or like CareSource on Facebook.
A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=41767
CONTACT: Fran Robinson Media Relations Manager Francine.Robinson@CareSource.com 937-531-2374