- Louisville-based healthcare service firm RxCrossroads received preliminary approval for state tax incentives related to a major expansion, the Louisville Business First reported.
- Plans for the $25 million expansion include $11 million in building improvements, $8.7 million in equipment, $4.7 million in rental costs, and $600,000 in related startup costs.
- Also, 400 new jobs will be created, bringing the number of fulltime positions to 1,300.
In a filing with the Kentucky Economic Development Finance Authority, RxCrossroads said the expansion of distribution facilities in Louisville was needed to meet future customer demand and ensure patients receive needed therapies.
The company provides supply chain logistics, reimbursement support, compliance and adherence programs, trial offer programs and specialty pharmacy services.
According to the Louisville Business First, the firm consolidated four office sites into one facility last year. Most of the planned expansion will occur on the site where a 200,000-square-foot warehouse is under construction.
RxCrossroads is a division of Cincinnati-based pharmacy services company Omnicare.