Cabinet for Economic Development
Governor Beshear, Mayor Abramson Participate in Ribbon Cutting for Signature HealthCARE’s National Headquarters in Louisville
Company creating more than 120 high-paying Kentucky jobs, further enhancing aging care industry in Louisville
LOUISVILLE, Ky. (Oct, 11, 2010) – Gov. Steve Beshear and Louisville Mayor Jerry Abramson today joined officials from Signature HealthCARE LLC, a long-term healthcare facility operator to celebrate the grand opening of the company’s national headquarters in Louisville. The company announced its move from Palm Beach Gardens, Fla. to Louisville this past March.
The headquarters operation, which represents a $6.5 million investment, will initially create 96 new jobs in the Commonwealth, growing to more than 120 new Kentucky jobs with an average annual wage exceeding $75,000, exclusive of benefits.
“Kentucky is an ideal location for headquarter operations and the addition of Signature HealthCARE further demonstrates our ability to attract the best,” said Gov. Beshear. “Our ongoing partnership with Mayor Abramson and Greater Louisville Inc. continues to cultivate a business climate where economic development opportunities can become a reality.”
Signature HealthCARE, one of the fastest growing privately held companies in the United States, operates 70 long-term healthcare facilities in seven southeastern states and employs more than 11,000 people. The company’s new 65,630 square-foot facility is located at 12201 Bluegrass Parkway in Louisville and will serve as its national headquarters including corporate management and facility operational support functions.
“After just six short weeks in Louisville, the city has shown us a great quality of life environment for families, rich university partnerships and an amazing talent pool to foster aggressive growth,” said Joe Steier, president and CEO of Signature HealthCARE. “We feel that our founding three pillars of spirituality, learning and intrapreneurship will thrive in this booming city. Our team is truly excited to call Louisville our permanent home.”
Signature HealthCare has also partnered with Nucleus, the University of Louisville’s driving force behind a life sciences hub in downtown Louisville, to create the International Center for Long Term Care Innovation. As the country’s first long-term care innovation center, the center houses and assists in the development of early-stage health technology and services companies seeking to bring new ideas to the aging care industry.
The location of Signature HealthCARE helps to further enhance Louisville’s economic development strategy to develop an aging care industry cluster in the region. Louisville, which is at the center of the growing aging care industry in the United States, is home to more than 4,000 industry professionals producing over $28 billion in revenue. Ten of the top 25 largest employers in the Louisville metro area are health-related businesses.
“We welcome Signature HealthCARE to its new corporate home here in Louisville. The company brings with it more than 120 quality, high-paying jobs,” Mayor Abramson said. “This corporate relocation helps solidify our city’s growing reputation as a national center for senior health care companies and firms.”
“This is an exciting day not only for Signature HealthCARE, but for the entire city of Louisville,” said Joe Reagan, president and CEO of Greater Louisville Inc. “A few months ago, this building was in shell condition and the parking lot was empty. Today, it’s a wonderfully renovated headquarters and workplace for professionals in one of our region’s key growth industries.”
The Kentucky Economic Development Finance Authority preliminarily approved Signature HealthCARE for tax incentives up to $4 million through the Kentucky Business Investment program. The performance-based incentive can be earned over a 10-year period through corporate income tax credits and wage assessments.
For further information about potential positions available at Signature HealthCARE, please visit www.yourkysignaturecareer.com. A community profile for Louisville can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=091. Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com.