CareCentrix Opens New Conn. Headquarters Through Grant Funding
CareCentrix, a provider of home health benefits management services, opened its new headquarters this week in Hartford, Conn.
The new location will accommodate CareCentrix’s expanding workforce as the company has more than tripled its employees from only 65 in 2008, to 240 today.
In June 2012, CareCentrix received a grant to launch its new HQ after Connecticut Governor Dannel Malloy named the company to the state’s First Five program, which recognizes and provides incentives to business that create a minimum of 200 new, full-time jobs within five years.
Governor Malloy’s First Five program, which is administered by Department of Economic and Community Development (DECD), will provide $12 million in grants over five years if all 213 existing CareCentrix employees are retained during the course of that period.
Additionally, if all 290 jobs are created in the five year span, DECD will provide another $12 million to be paid over a five year schedule.
The company will add over 100 employees in their Hartford location with the opening of their new location, and anticipates bringing more than 300 new jobs to the city over the next five years.
After its founding in 1996 as a division of Gentiva Health Services, CareCentrix became an independent company in 2008 when it partnered with private equity firm Water Street Healthcare Partners.
Since then, the company has set been feeding its appetite for growth by increasing its customer base to more than 30 million people and network of 7,000 home care providers, and is currently investing millions into its new 30,000 square feet building.
“Our growth is a direct result of our company’s commitment to support people by delivering high quality health care in the convenience of their homes,” said CareCentrix CEO Eric Reimer.
Written by Jason Oliva