Confluent Healthcare LLC has announced to double the size of its headquarter in Louisville with a $10 million investment. Moreover, the expansion project is likely to create 350 full-time jobs for the Kentucky residents.
Rising demand for company’s services
The Louisville based healthcare company intends to expand its office space from 18,000 square foot to 36,000 square foot. Confluent Healthcare decision came is wake of rising demand from numerous acquisitions and organic growth. In addition, leaders and local officials celebrated the grand opening of Confluent Health LLC’s new company headquarters.
“We are committed to building an economy that works for every single Kentucky resident, and investing in the rapidly expanding health care industry is one of the many ways we are doing just that. Confluent Health began operations right here in Kentucky and have been committed to our workforce and our communities for years. This investment is just another example of a quality company buying in to what the commonwealth has to offer. I could not be more excited about the ribbon-cutting ceremony today and wish Confluent continued success.” Gov. Beshear said in his statement welcoming the investment from Confluent Healthcare.
350 full-time jobs for Kentucky residents
In addition, the expansion of company’s headquarter will bring plenty of employment opportunities in Kentucky. Initially, Confluent Healthcare announced that the project will create 350 new jobs. These jobs will pertain to marketing, IT, human resources, administrative and executive roles. Previously, the company is employing 125 workers in Louisville. “Confluent Health is a Kentucky-born and bred health care company invested in innovating an accessible and equitable future of musculoskeletal care. We are proud to expand our national footprint while deepening our roots in the bluegrass state.” Confluent Health President and CEO Dr. Larry Benz said in his statement.
In January, the Kentucky Economic Development Finance Authority approved a 10-year performance-based agreement. The agreement could provide up to $3.5 million in tax incentives. However, the company has to invest $8.56 million and create 350 full-time jobs over the next ten years.
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