Boone County, IN: hc1.com, Inc., a healthcare cloud platform provider, announced plans to expand its headquarters, creating up to 62 new jobs by 2017. The homegrown-Hoosier company will invest $1.4 million to lease and equip a 16,626 square-foot headquarters facility at the Northwest Technology Park in Boone County. The expansion, which will be fully operational this January, will enable the company to scale its healthcare relationship management solution, which currently serves more than 500 healthcare locations around the world.
This is hc1.com’s second major expansion in central Indiana in the last three years. In 2010, the company announced plans to invest $321,250 to expand its Boone County operations, adding 61 new jobs.
hc1.com, which currently employs 80 associates, including 70 full-time Indiana employees, has already begun hiring development professionals, operations managers, client relationship managers and sales and marketing specialists. Interested applicants may apply at www.hc1.com/careers.
Founded in 2001 as Bostech Corporation and spinning off into hc1.com in 2011, the company is experiencing triple digit annual percentage growth with its secure, cloud-based platform. Under Bostic’s leadership, the company has grown into a global healthcare cloud platform, recognized as a 2013 Red Herring Top 100 North America award winner, a 2013 Indiana Companies to Watch Spotlight winner and a TechPoint Mira Awards recipient for healthcare technology innovation.
The Indiana Economic Development Corporation offered hc1.com, Inc. up to $1,000,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans. These credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Boone County approved additional incentives at the request of the Boone County Economic Development Corporation. Also, Elevate Ventures has supported the company through talent recruitment and business development strategy guidance. hc1.com has been a 21 Fund portfolio company since late 2010.
FairWinds Advisors were retained in order to help with site selection and incentives negotiation services.