PharmaCord Plans Major Southern Indiana Expansion

Posted: Updated:
PharmaCord plans to build a new facility at the River Ridge Commerce Center. PharmaCord plans to build a new facility at the River Ridge Commerce Center.

A Louisville-based healthcare solutions provider is making a big expansion into Indiana. PharmaCord, which specializes in customized patient support services for the life sciences industry, has announced plans to invest more than $52 million to establish operations in the River Ridge Commerce Center in Jeffersonville and create up to 850 jobs by the end of 2023. 

The Indiana Economic Development Corp. says the company will initially lease two floors of the America's Place Gallery Building. Plans call for eventually building and equipping a new, 80,000-square-foot facility which will serve as a state-of-the-art call and operations center.

"It was important to us to find an expansion site that would not only afford us the space to grow and fulfill our potential as a company, but also to expand our presence in the Louisville metro area," Nitin Sahney, founder and chief executive officer of PharmaCord, said in a news release. "River Ridge Commerce Center and America Place provided us with a world-class facility, while still being convenient and close to our existing offices in Louisville. I believe this new location will give us the space and ability to support future pharmaceutical client programs while creating more jobs in health care for the Metro area. We are very excited about this decision and its implications for the continued growth of PharmaCord."

PharmaCord serves as a connector between pharmaceutical companies and manufacturers, doctors and payers. The company provides services to ensure patients receive specialty medications prescribed to them. The company was founded in 2017 with fewer than 20 employees and expects to reach 200 by the end of the year. 

One Southern Indiana says the wages for the new jobs are expected to be 10 percent above the Clark County average. PharmaCord expects to be fully moved into the initial expansion site by August. The company did not provide a timeline for the new building's completion. A spokesperson for PharmaCord tells Inside INdiana Business the company's two existing Louisville locations will remain in place.

1si President Wendy Dant Chesser says the announcement is the result of a regional collaboration.

"By communicating and discussing this with our comrades across the river, we've regionally made the case for them to stay in the region and once they looked at the numbers, they chose the River Ridge site," said Chesser. "It wouldn't have happened if we had not been open to that communication and collaboration and because we have both trust and respect with our partners in the region, we've been able to secure this win."

The IEDC plans to offer PharmaCord a total of up to nearly $9 million in conditional tax credits, which the company will not be eligible to claim until Hoosier workers are hired for the new jobs.

Chesser says the project adds to the variety of businesses in the region.
  • Perspectives

    • Invest In Talent Earlier, A Proven Solution For Indiana’s Future Workforce

      As ever-changing technology and workforce needs continue to outpace advances in the classroom, the skills gap has become a widely discussed topic in the business community. Do we have the talent to fill these jobs of the future? While dialogue is important, the skills gap challenge requires real action and collaboration – most importantly, between the education and business communities. By equipping students with the skills that will be valuable to them in the future workforce...



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


  • Most Popular Stories

    • (photo courtesy Paoli Peaks)

      Indiana Ski Resort Included in Sale

      Paoli Peaks in Orange County is one of many ski resorts across the country being sold to Vail Resorts, Inc. of Broomfield, Colorado. The company has agreed to purchase 100 percent of the outstanding stock of Peak Resorts, Inc (Nasdaq: SKIS). The purchase price of $11 per share is subject to conditions and regulatory review, and Peak Resorts' shareholder approval.  

    • Myers: Cummins Deal Has Phone Ringing in Greenwood

      Columbus-based Cummins’ decision to locate a $35 million digital and IT hub in Greenwood is expected to bring more than 500 jobs, with average annual salaries in excess of $100,000 to the Johnson County city. But Mayor Mark Myers says the impact will extend far beyond the high tech center. Myers says the announcement has triggered increased interest in Greenwood from companies that could diversify the city’s corporate base. "To have Cummins come to Greenwood...
    • (rendering courtesy of our partners at The Herald Bulletin)

      Feds Put Brakes on Anderson Bus Terminal Project

      Plans to build a new bus terminal in downtown Anderson are on hold for now because the federal government is requiring a third environmental impact study.  Our partners at The Herald Bulletin say the city hoped to open the new terminal next February. Now it appears the bus transit center will not be completed until the summer of 2020. Anderson Mayor Tom Broderick told the publication an outhouse was discovered during the Phase 2 environmental study.  Old glass...

    • Photo courtesy of Kouts Health Care Inc

      Kouts Business Owner Indicted

      A Hoosier woman has been indicted for failing to submit payroll taxes at her two health care clinics, Kouts Health Care Inc. and Kouts Family Health Care Inc.  between 1999 and 2015. Kathy Lynch allegedly withheld payroll from her employees’ paychecks but failed to submit over $500,000 of the withheld taxes to the Internal Revenue Service. 

    • (photo courtesy of Conexus)

      Conexus Preparing Businesses for 'Industry 4.0'

      It's being called the next Industrial Revolution and Indiana's advanced manufacturing and logistics initiative is working to help Hoosier companies adapt. Conexus Indiana Chief Executive Officer Mark Howell says Industry 4.0 centers around technology adoption, migration and innovation and affects all industries fundamentally changing the way people live and work. In an interview with Inside INdiana Business, Howell said for Indiana to maintain its leadership position...