Steve Beshear
Governor
Old Capitol Annex
300 West Broadway Frankfort, KY 40601
Larry Hayes
Secretary
July 26, 2012
For Immediate Release
 
Mandy Lambert
502-564-4886

Kerri Richardson
502-564-2611

Gov. Beshear Announces OrionRx to Locate Headquarters in Louisville, Create 14 Jobs

Pharmacy healthcare company to make $1.2 million investment


FRANKFORT, Ky. (July 26, 2012) – Governor Steve Beshear today announced OrionRx LLC, a specialty pharmacy healthcare company, will locate its corporate headquarters in Louisville, creating 14 jobs and investing $1.2 million in the Commonwealth.

“OrionRx will make an outstanding addition to the corporate landscape in Louisville, which is rapidly expanding,” said Gov. Beshear. “We’re thrilled to see 14 new jobs and always excited to have innovative leaders joining the community as a result of the location of a corporate headquarters.”

Formed in 1995, Orion will establish a 5,000-square-foot corporate headquarters on Magisterial Drive in Louisville. The facility will service existing locations in Tennessee and Ohio, which provide long-term care communities with pharmaceutical services. The company’s goal is to be more than just a vendor, but a true partner in patient care.

“We are thrilled about the relocation of our corporate headquarters to Louisville and the opportunity to join an existing group of leading healthcare companies focused on our country’s senior population,” said John Driscoll, CEO of OrionRx. “Louisville’s geographic location also fits our growing regional business model. We look forward to working with the local community and appreciate the welcome already extended to us. A special thanks for the help from GLI and the Commonwealth of Kentucky’s Cabinet for Economic Development for all their assistance.”

To encourage the investment and job creation in Louisville, the Kentucky Economic Development Finance Authority preliminarily approved Orion Allied Services, doing business as OrionRx, for tax incentives up to $400,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.

“I welcome yet another opportunity to show employers how ready Louisville is to supply and support an efficient and educated workforce in lifelong wellness and aging care,” said Sen. Julie Denton, of Louisville.

“Louisville has long been a leader in the Commonwealth in the healthcare industry, especially in the areas of research and development,” said Rep. Bob DeWeese, of Louisville. “I’m pleased that OrionRx has chosen our city as its center of operations to direct the firm’s specialty pharmacy locations in Ohio and Tennessee.”

“OrionRx is a perfect example of why we created our newest business cluster, Lifelong Wellness and Aging Care, to connect healthcare companies and the services they provide to each other to be mutually beneficial,” said Louisville Mayor Greg Fischer. “We welcome Orion’s corporate headquarters to Louisville, and look forward to working with them.”

“Louisville is the world leader in lifelong wellness and aging care,” said Eileen Pickett, executive vice president of economic development for Greater Louisville Inc. “Attracting the headquarters of a fast-growth company like OrionRx, serving thousands of patients in skilled nursing, assisted living and chronic care institutions daily, speaks volumes about the synergy and pace of this booming field in our region.”

For more information on OrionRx, visit www.orionrx.com.

Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitter at www.Twitter.com/ThinkKentucky.

A detailed community profile for Louisville (Jefferson County) can be viewed at http://www.thinkkentucky.com/edis/cmnty/index.aspx?cw=091.

The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2010 totaled more than $2 billion with the creation of nearly 11,900 new jobs. Information on available development sites, workforce training,incentive programs, community profiles, small business development and other resources is available at www.ThinkKentucky.com.

 

 

The Kentucky Cabinet for Economic Development is the primary state agency responsible for encouraging new jobs and investment in the state. New capital investment announced in Kentucky under the Bevin Administration has totaled more than $19 billion, spurring nearly 52,000 projected new jobs. Information on available industrial properties, workforce development assistance, incentive programs, community profiles, small business development and other economic development resources is available at www.ThinkKentucky.com. Follow the Cabinet at facebook.com/ThinkKentucky, on Twitter @ThinkKentucky and on LinkedIn, and watch the Cabinet’s “Now you Know” video on YouTube.