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Care Innovations Expands Louisville, Kentucky, Research-Development Center

04/21/2017
Care Innovations, a telehealth company specializing in designing, developing and optimizing remote care delivery programs, will relocate and expand its research and development center in Louisville, Kentucky. The company plans to invest $1.7 million and create 24 high-wage jobs.

The company will relocate from its 1,900 square-foot Prospect office to a more than 7,000 square-foot space on Fourth Street in Louisville. The new office will provide additional room for software development, analytics and testing.

“As we continue to partner with major healthcare systems and health plans both nationwide and internationally on their goal to provide continuous care, it is imperative that we expand our talent, and Louisville’s growing healthcare market is ideal for doing just that,” said Randall Swanson, CEO of Care Innovations.

To encourage the investment and job growth in the Louisville area, the Kentucky Economic Development Finance Authority (KEDFA) in January preliminarily approved Care Innovations for tax incentives up to $500,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets. In addition, Care Innovations can receive resources from the Kentucky Skills Network.

“Louisville is seeing tremendous advancements in analytics, data science and technology within our lifelong wellness and aging cluster. Care Innovations’ expansion is a great example of how technology can innovate to meet the market’s advanced industry growth,” said Mayor Greg Fischer. “I welcome the company’s innovative solutions to bettering patient care and look forward to its future success and growth.”

“Care Innovations located in Prospect 18 months ago, confident they would be able to tap into Louisville’s tech and healthcare industry expertise,” Governor Matt Bevin said. “That confidence was not misplaced, and Care Innovations is now moving to larger offices that will better accommodate their substantial and consistent growth. We congratulate them on their impressive efforts and look forward to their continued progress.”

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