VRI on the move

PERS, telehealth company grows in to new space
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Wednesday, September 22, 2010

DAYTON, Ohio—VRI has been doing a lot of growing lately, and expects more acquisitions and new services and is getting ready to move its corporate headquarters and monitoring center.  The new space is capable of serving at least 250,000 accounts, approximately five times the company’s current size, said VRI president Chris Hendriksen.

“We’re moving due to a combination of the growth we’ve seen over the last few years and the growth we see coming. We needed to get into a space that could handle that,” Hendriksen said. “There’s really three different buckets we see as having potential in the next 12 to 18 months. I think we’ll probably do some acquisitions. Second is the telehealth and telemonitoring segment and our ability to serve health plans. And the third is mobile health. There’s a lot of interest in mobile health technology.”

VRI currently employs 110 people and plans to expand to nearly 300 in the next five years, according to Hendriksen.

VRI’s base of operations is in West Carrollton, Ohio, but the company has continued to grow as of late, acquiring companies (VRI acquired Neighbor Helpline in March of last year) and accounts (it announced the addition of 10,000 accounts in early May), and adding services (it announced a partnership with CareCentrix to offer advanced telemonitoring services in late August). The new headquarters and monitoring center, in Franklin, Ohio, will comprise a 24,000-sqare-foot office facility, which more than doubles the company’s useable space.

“Since we’re designing this new space from the ground up, it’s going to be built and designed to support all kinds of health monitoring technologies—not just PERS or traditional medical alerts,” Hendriksen said. “It’s all being driven by our customers and by the opportunities we see coming with partners—health plans and providers—who are coming out with new technologies every day.”