FL: Modernizing Medicine to Invest $15M, Create 838 Palm Beach County Jobs
28 Jul, 2017
Governor Rick Scott announced that Modernizing Medicine plans to expand operations in the historic Boca Raton Innovation Center (BRIC) in Palm Beach County and will add a total of 838 jobs by 2022. Modernizing Medicine is a Florida based company that specializes in healthcare information technology. In addition to the more than 800 new jobs being created, Modernizing Medicine anticipates making a capital investment of more than $15 million in the Boca Raton community.
Governor Scott said, “I am proud that Modernizing Medicine will be expanding in Palm Beach County to create more than 800 new jobs which will provide even more families a great career. Companies like Modernizing Medicine are helping Florida become the best state in the nation for job creation while helping our unemployment rate continue to drop. Now, with the $85 million Florida Job Growth Grant Fund, we will ensure that even more job creators can grow and succeed in Florida.”
Headquartered in Boca Raton, Modernizing Medicine was founded in 2010 by chief executive officer Daniel Cane and chief medical and strategy officer Dr. Michael Sherling and has quickly grown to more than 550 employees. The company empowers physicians with suites of mobile, specialty-specific solutions designed to transform how healthcare information is created, consumed and utilized to increase efficiency and improve outcomes.
Executive Director of the Florida Department of Economic Opportunity Cissy Proctor said, “Modernizing Medicine is growing and expanding its medical software company in Florida, which benefits Florida’s families. With more than 800 new jobs created, this company will provide opportunities for hardworking Floridians. We are proud that they chose Florida for its pro-business climate and talented workforce.”
CEO and Co-Founder of Modernizing Medicine Daniel Cane said, “We are extremely excited to expand our presence and create more jobs across a wide range of fields in South Florida. As a Florida-based technology company, it’s not lost on us that we’re in the backyard of where the modern day era of technology was born. We’re proud to work with Enterprise Florida, the City of Boca Raton and the Business Development Board of Palm Beach County to continue to enhance the already stellar reputation as an area of innovation and growth. I look forward to seeing the company’s long-term impact on the community as well as the modernization of medicine.”
Executive Vice President of Enterprise Florida Mike Grissom said, “Florida-grown companies like Modernizing Medicine create the kind of jobs that open new doors for families across the state. I commend our Governor for focusing on business-friendly policies that make companies like Modernizing Medicine want to grow in Florida.”
President and CEO of the Business Development Board of Palm Beach County Kelly Smallridge said, “Modernizing Medicine is an IT powerhouse and a great Palm Beach County success story. It provides hundreds of jobs and its success demonstrates that the county is an ideal location for technology companies to flourish.”
Mayor of Boca Raton Susan Haynie said, “Modernizing Medicine has been a part of the City of Boca Raton’s corporate community since 2012. With their recent acquisitions, and impressive and continued growth, we’re proud that the Modernizing Medicine team has decided to remain headquartered in Boca Raton and create over 800 jobs in our City.”
About Modernizing Medicine
Modernizing Medicine® and its affiliated companies empower physicians with a suite of mobile, specialty-specific solutions that transform how healthcare information is created, consumed and utilized to increase efficiency and improve outcomes. Built for value-based healthcare, Modernizing Medicine’s data-driven, touch- and cloud-based products and services are programmed by a team that includes practicing physicians to meet the unique needs of dermatology, gastroenterology, ophthalmology, orthopedics, otolaryngology, pain management, plastic surgery, rheumatology and urology practices, as well as ambulatory surgery centers. For more information, please visit www.modmed.com.
Enterprise Florida, Inc. (EFI) is a partnership between Florida’s businesses and government leaders and is the principal economic development organization for Florida. EFI facilitates job growth through recruitment and retention, international trade and exporting, promotion of sporting events, and capital funding programs to assist small and minority businesses. EFI launched “Florida – The Future is Here” to promote the state as the nation’s premier business destination.
About the BDB
The Business Development Board of Palm Beach County is the official public/private economic development organization for Palm Beach County and Enterprise Florida. Founded in 1982 as a not-for-profit corporation, our primary purpose is to attract and retain new industry, business investment, high quality jobs and workforce development through corporate relocations, expansions and international trade. During the past five years, the BDB has assisted companies that have created more than 13,000 direct jobs with average salaries greater than $68,000, resulting in more than $627 million in capital investment to Palm Beach County and an economic impact that exceeds $6.95 billion. Additional information can be found at the BDB’s web site, www.BDB.org.