OurHealth Details Big Funding, Job Plans

Posted: Updated:
OurHealth's network of MyClinic locations could grow as a result of a $37 million round of funding. OurHealth's network of MyClinic locations could grow as a result of a $37 million round of funding.
INDIANAPOLIS -

Indianapolis-based OurHealth says a $37 million round of funding will grow its national footprint and create nearly 500 jobs over the next five years. The employer-based on-site and near-site clinic provider received financing from White Oak Healthcare Finance LLC and other private investors. OurHealth says it plans to expand its MyClinic network into eight additional markets and open 11 new MyClinics in existing markets Indianapolis and Charlotte.

In an interview with Inside INdiana Business, Chief Executive Officer Ben Evans says the company has attracted a lot of attention from investment firms throughout the country. "In health care, there are very few opportunities to improve access to care, get people, healthier and happier and generate an ROI in the process," he says "and we accomplish all three of those."

The company, which currently employs 295, has a client portfolio that includes Hoosier companies like Merrillville-based Centier Bank, CNO Financial Group Inc. (NYSE: CNO) in Carmel and Indianapolis-based OneAmerica Financial Partners Inc. OurHealth is again reporting year-over-year, double-digit growth and Evans says "we're thrilled about the raise and feel lucky to have found such a great strategic partner in White Oak. Our mission is to radically improve the healthcare experience through greater access, reduced costs for employees and employers and make a meaningful impact on people's health."

OurHealth plans to also use the infusion to boost sales, marketing, technology and data security functions, as well as launching what it says will be a direct-to-consumer healthcare experience. It currently partners with businesses to offer primary and urgent care, wellness, laboratory, medication dispensing and referral services for patients in Indiana, North Carolina, Illinois, Pennsylvania and Tennessee.

In an interview with Inside INdiana Business, Chief Executive Officer Ben Evans says the company has attracted a lot of attention from investment firms throughout the country.
  • Perspectives

    • I Lost My Engagement Ring!

      You lose something of value and your first question is "is it covered?" Insurance policies provide a limited amount for such losses, but generally not enough to cover expensive items. To be fully reimbursed, what do you do?   When you purchase a standard homeowners or renters insurance policy, you assume all your personal property is fully protected in the event of a loss. That’s not necessarily true. Items of significant value, as well as any exclusive...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Hoosier Cities 'Lowest Cost of Living' List

      Three communities top a national list of Cities with the Lowest Cost of Living in America. Niche.com, a site that focuses on public data on schools and neighborhoods, ranks four Indiana cities in the top 20. The site bases the rankings on factors including consumer price index and access to affordable housing, using data from the U.S. Census and the Bureau of Labor Statistics. You can see the full rankings by clicking here. The top 20 are...

    • Lilly Announces $72M Indy Investment

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has announced plans to invest $72 million in an insulin manufacturing project at one of its Indianapolis facilities. The company says the investment will replace an existing insulin vial filling line and allow it to meet growing demand for its insulin products. The project is part of the $850 million in U.S. investments that Lilly announced in March. Chief Executive Officer David Ricks says the move...

    • Technicolor Details Indy Layoffs

      California-based Technicolor Inc. says it will close its office on the north side of Indianapolis by the end of the year. In a notice to the state, the company says the closure will leave 95 employees out of work. 

    • Another Tech Company Adding Indy Jobs

      Indianapolis has landed another win in what has been a busy week for the city's burgeoning tech industry. Software company myCOI has announced plans to expand its Indianapolis headquarters and create up to 185 jobs by 2021. The company, whose platform tracks and manages certificates of insurance, won last year's Venture Club of Indiana Innovation Showcase. Its clients include Caterpillar Inc. (NYSE: CAT), Cushman and Wakefield and the Indianapolis Motor Speedway.

    • Team 360 Stays in Indy For Expansion

      Indianapolis-based Team 360 Services has announced expansion plans that could result in nearly 140 jobs over the next two years. The fire protection and building services company currently employs more than 300, the majority of which are in Indianapolis. During an interview in March on Inside INdiana Business Television, Chief Executive Officer Michael Crafton talked about how a "bro hug" after a night out in Indianapolis helped launch Team 360 a decade ago.