Healthcare Equipment Manager to Expand Its National Headquarters in Indianapolis
Governor Mitch Daniels joined executives from healthcare equipment management provider TriMedx to announce the company's plans to expand its national headquarters here, creating more than 100 new jobs by 2014.
The provider of medical equipment management, repair and procurement services to nearly 500 hospitals and healthcare facilities across the country will invest more than $5 million to expand and equip its headquarters in Intech Business Park on the city's northwest side.
"New growth is continuing in Indiana thanks to innovators like TriMedx. Our state's life sciences and healthcare industries are good examples of a recession-resistant business clusters that win globally even in times of economic slowdown," said Daniels.
TriMedx, a wholly-owned subsidiary of St. Louis-based Ascension Health, designs, manages and implements healthcare equipment maintenance programs aimed at maximizing equipment utilization, improving regulatory readiness and increasing cost savings for healthcare providers. The company currently employs 160 associates in Indianapolis and plans to begin hiring managers, technicians and information technology specialists with average annual salaries of $71,000 in 2009 as part of the expansion.
"As Indiana becomes a lucrative hub for technology, health, and life sciences, it creates the ideal environment to cultivate and grow our business," said Greg Ranger, TriMedx president and chief executive officer, who founded the service-niche company in 1998. "Centralizing and augmenting operations here allows us to capture the benefits of low-cost living, exceptional higher education, and economic incentives - to pass along more value to our customers. Geographically, logistically, and economically, Indianapolis makes sense for TriMedx."
The Indiana Economic Development Corporation offered TriMedx up to $1 million in performance-based tax credits and up to $235,000 in training grants based on the company's job creation plans. The city of Indianapolis and Indianapolis Economic Development, Inc. supported property tax abatement for TriMedx before the Metropolitan Development Commission.
"This is another sign that the environment we are creating is having the desired effect of attracting and retaining the businesses of the future. This is a great announcement," said Mayor Greg Ballard.
The news of TriMedx's expansion in Indianapolis comes as the company builds on its cost savings and service improvement results achieved at healthcare facilities nationwide. The TriMedx equipment management program recently saved more than $100 million over the course of eight years for the nation's largest nonprofit health system. Operating results of the program include expansive cost efficiencies, improved quality as well as improvements in regulatory compliance and patient safety. The program establishes a framework to maximize economies of scale, provide training for hospital resources and leverage continuous improvement strategies, Ranger said.