Aperture Credentialing will expand its business operations center in Louisville, Kentucky. A health care verification company, the firm currently has 58 employees and estimates it will grow by at least 30 jobs in the next few years.
Originally spun out of Humana, then a part of United Health Group and now a private and independent company, Aperture Credentialing verifies the credentials of health care professionals and facilities for health insurance carriers, health care provider organizations and other industry stakeholders. The company was recently acquired by a Chicago-based investment group.
“We are excited to remain a part of the Louisville community as we take over Aperture with a focus on growth within our current areas of operations as well as expansion into new areas of opportunity created under the Affordable Care Act,” said Charlie Falcone, CEO of Aperture Credentialing.
To encourage the investment and job growth in Louisville, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives of up to $600,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
KEDFA also approved the company for tax benefits up to $60,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
“The health care industry is a staple of Kentucky’s growing economy,” said Governor Steve Beshear. “I want to congratulate Aperture on its expansion and thank them for being a part of the Louisville community. The company’s success also is further proof that Kentucky is a great place to grow a small business.”
“The expansion and commitment to Louisville by this leading firm is further evidence that our local economy and quality of life are strong and attractive to business,” said Mayor Fischer. “Aperture is a great fit for our city because it benefits from two of our strong and focused business sectors – business services and lifelong wellness and aging care.”