Edumedics LLC, a chronic disease management company, plans to expand its corporate headquarters in Louisville, Kentucky. The company is expected to create 17 new jobs.
According to state officials, Edumedics plans to build out new on-site clinics, enhance its data infrastructure and hire nurse practitioners, data analysts, sales directors and support staff. The expansion will require more office space for Edumedics’ headquarters, which is located in the Nucleus Innovation Park in downtown Louisville.
“In the past three years we have demonstrated the effectiveness of our programs and have saved meaningful health care dollars for our clients,” said Alice Shade, Edumedics’ CEO/Co-founder. “We are now expanding to meet the needs of the many organizations throughout the country that are grappling with these same issues – controlling the cost of care while improving the health of their employees. We’ll help them do both.”
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $340,000 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.
“It’s exciting when you see a home-grown and data-driven entrepreneurial business take hold and thrive like Edumedics is doing,” said Mayor Greg Fischer. “The new jobs and facilities they are creating and their focus on increasing wellness and reducing chronic disease makes this another exciting announcement related to Louisville’s lifelong wellness and aging care sector which is already the best in the world, and growing quickly.”