Healthcare services company moves its home base from New York to Medical City
Last week, healthcare solutions company InnovaCare Health Inc. announced that it is relocating from White Plains, New York, to the Lake Nona Town Center and creating 60 new high-paying jobs for the region.
The company is leasing 22,000 square feet in the Lake Nona Town Center building at 6900 Tavistock Lakes Blvd. This announcement comes just weeks following a similar announcement by Disney of relocations to Lake Nona.
Prior to the announcement, InnovaCare Health executives took a close look at what relocating its headquarters to Lake Nona could offer. With greater workforce availability, lower cost of living for employees, higher quality of life, and lower cost of doing business, a move from New York to Florida allowed the company the most long-term benefits.
InnovaCare Health ultimately chose Lake Nona for its “advantages offered by the community’s healthcare ecosystem, including density of qualified talent and advantages offered by the cluster of innovative healthcare and life sciences companies,” according to a company announcement.
InnovaCare joins other health and life sciences organizations that have been drawn to Medical City in recent years. Medical City spans 650 acres and was created intentionally to centralize care, accelerate innovation and create synergy.
Medical City is anchored by the UCF College of Medicine, UCF Lake Nona Medical Center, Orlando VA Medical Center, and Nemours Children’s Hospital. Several other medical research and education facilities, bioscience startups, and healthcare service providers are part of this intellectual hub.
Economic development leaders in the region applaud the company’s decision to move to Lake Nona. Orlando Mayor Buddy Dyer said, “Companies like InnovaCare Health are increasingly recognizing Orlando as a destination for cutting-edge health and life sciences businesses to thrive.”
“As companies increasingly weigh the benefits of affordability and a great quality of life here compared to high-cost alternatives like New York, Orlando comes out on top for both the company’s bottom line and employee satisfaction,” said Tim Giuliani, Orlando Economic Partnership president and CEO.
InnovaCare Health received business incentives through the STRIVE Orlando program to help offset the upfront costs of relocation.
InnovaCare Health operates a physician-led model of integrated healthcare companies and identified Florida as a key market for a fast-growing segment of its business, a management services organization (MSO) called InnovaCare Partners.
InnovaCare Partners currently operates more than 30 clinics throughout Florida and recently announced several new partnerships within its growing network of healthcare providers.
The new headquarters in Lake Nona Town Center spans an entire floor and houses dozens of the company’s top professionals, including its business and market leadership. InnovaCare Health’s business development, human resources and information technology departments will also be based in the building.