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Area Development - Site Selection, Facility Planning and Workforce Development

ConsortiEX Inc. Establishes Headquarters-Operations Hub In Milwaukee, Wisconsin

02/09/2015
Healthcare technology start-up ConsortiEX Inc. is establishing its headquarters and operations center in Milwaukee, Wisconsin. ConsortiEX provides innovative information technology systems and services to manage the ordering, distribution and tracking of sterile injectable compounds for hospitals and their affiliated networks.

ConsortiEX, which will occupy office space at 1000 N. Water St., is already working with two large healthcare institutions in Wisconsin and a number of other major healthcare providers across the U.S. The company expects to employ 77 highly skilled professionals in Milwaukee within three years, including software engineers and developers.

“Wisconsin is a great place to grow our company,” said Neal K. Long, ConsortiEX CEO. “The state has world-class health systems, leading global healthcare technology companies and, above all, Wisconsin has great people.”

The company has secured venture investment from several sources and has been certified by the Wisconsin Economic Development Corporation as a Qualified New Business Venture. This designation makes investors eligible for a 25 percent Wisconsin tax credit. The company also received a $250,000 loan from WEDC.

“This announcement is a win-win for southeastern Wisconsin and the entire state,” said Reed Hall, Secretary/CEO of WEDC. “Not only will ConsortiEx create dozens of family-supporting jobs in the region, but the technology the company is developing has the potential to improve access to life-saving medications and help reduce healthcare costs.”

“Milwaukee is increasingly on the radar of technology-intensive start-ups in need of highly skilled and motivated employees,” said Jim Paetsch, Vice President of the Milwaukee 7. “Healthcare technology is developing at a rapid pace, and we expect that trend to continue. ConsortiEX is well-positioned to serve the important nexus between medicine and information technology.”

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