Confluent Health Relocates-Establishes Louisville, Kentucky, Headquarters
The company plans to double office space from 18,000 to over 36,000 square feet. Confluent will expand its headquarters in response to significant increased demand resulting from numerous acquisitions and organic growth. Work on the project will begin in the coming weeks with completion anticipated by summer 2022.
“Confluent Health is a Kentucky-born and -bred health care company, proud to reaffirm our national headquarters in Louisville,” said Confluent Health President and CEO Dr. Larry Benz. “We are honored to contribute to Louisville’s premier recognition as a health care innovation hub and be a part of multiple Kentucky-based businesses dedicated to strong lifestyles, health and wellness. I am proud to have spent my entire career providing services in Kentucky, which began at Ft. Knox as a military officer and then transitioned to private enterprise.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) today preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $3.5 million in tax incentives based on the company’s investment of $8.56 million and annual targets of creation and maintenance of 350 Kentucky-resident, full-time jobs across 10 years and paying an average hourly wage of $37.50 including benefits across those jobs.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments. In addition, Confluent Health can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
“As we continue to build on our economic momentum of the past year, healthcare-related companies will be an important part of our continued growth,” Governor Andy Beshear said. “Kentucky is well-positioned to support this rapidly expanding industry, and job creation and investment at existing companies like Confluent Health is proof of that. I want to thank the leaders at Confluent Health for this commitment to create even more quality jobs in the commonwealth.”
Confluent Health operates five divisions, including 42 physical and occupational therapy company partners spanning 512 outpatient physical therapy locations across 29 states. The company maintains a higher education company focused on post-professional training where it houses a residency and fellowship program and offers university partnerships in entry-level physical and occupational therapy, as well as PA programs. It also operates an occupational health company with over 1,500 workplace safety and injury prevention sites in 48 states, a national independent provider association, and Confluent Ventures, an innovation center with digital health, virtual reality physical therapy and omnichannel health care pathway services.
“Louisville is an international leader in the future of health and aging innovation as home to the largest collection of headquarters in this vital industry,” added Louisville Mayor Greg Fischer . “We are excited to celebrate Confluent Health’s rapid growth nationwide and the expansion of its Louisville headquarters that will bring hundreds of additional good jobs to our city.”
Confluent Health is among more than 200 health care-related technology, service and manufacturing facilities in Kentucky, which employ over 37,000 residents. The industry includes headquarters operations, pharmaceutical makers, medical equipment design and production, medical device manufacturers and health care product distributors.
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