CareSource Management Group

CareSource Management Group

CareSource Management Group was established in 1989 by Pamela B. Morris. It functions as a nonprofit health care provider focused on public programs rather than a traditional family office or endowment vehicle. The firm deploys capital across health services delivery and selected investment vehicles. Asset classes include direct program funding, real estate through the CareSource Housing Affordability Investment Fund, and early-stage health companies via partnerships with Elevate Ventures and Novy. Geographic reach centers on the Midwest and additional states where its plans operate. In 2020 Welsh Carson Anderson & Stowe acquired a minority stake in CareSource Management Services. The organization employs an undisclosed number of professionals and maintains two office buildings in downtown Dayton. It operates the CareSource Foundation as a separate philanthropic arm and holds membership in the Dayton Area Chamber of Commerce and Radiant Alliance. CareSource maintains a hybrid structure that combines operating health-plan responsibilities with a dedicated investment function. This setup creates direct sourcing access to health-sector opportunities through its member base and state contracts.