HealthTrackRx, a leading provider of next-morning infectious disease laboratory results, is set to open its largest and most advanced facility in Louisville, bringing 230 full-time jobs to the region.
The new facility represents a $45.5 million investment. It aims to meet the increasing demand for rapid molecular diagnostics, solidifying Louisville’s position as a key player in the growing biotech industry.
Revolutionizing Diagnostic Services with Next-Morning Results
For two decades, HealthTrackRx has set itself apart in the medical diagnostics field by consistently delivering next-morning lab results against an industry standard of three to five days.
The company’s swift turnaround, combined with clinically actionable treatment recommendations, has transformed patient care, enabling providers to make faster and more informed clinical decisions.
This commitment to rapid diagnostics has also promoted antibiotic stewardship, a critical factor in combating the overuse of antibiotics.
The new Louisville facility will serve as the company’s largest and most advanced laboratory.
HealthTrackRx plans to equip the facility with some of the most sophisticated testing equipment in the industry. This will allow it to allowing it to employ a highly skilled workforce in Kentucky’s burgeoning biotech sector.
A Strategic Expansion to Louisville
The choice of Louisville for this expansion aligns with the city’s growing momentum as a biotech hub.
The facility’s proximity to Louisville Muhammed Ali International Airport, on the UPS WorldPort campus, provides logistical advantages. This will enable the company to efficiently serve healthcare providers and patients across the country.
Louisville Mayor Craig Greenberg said:
“HealthTrackRx’s decision to choose Louisville as the location for its largest and most advanced testing laboratory in the United States keeps us at the forefront of the growing biotech industry,”
“This expansion will not only generate high-paying jobs for existing residents but also help us attract top-tier talent to our city and shows the growing momentum that companies know Louisville is a great place to do business.”
Creating Skilled Jobs and Strengthening the Workforce
The new facility will offer above-average wages, with an average hourly rate of $33.65, including benefits, for its 230 full-time positions.
The roles will foster a highly skilled labor pool of Kentucky workers that aligns with the increasing demands of the biotech and healthcare industries.
Martin Price, executive chairman and CEO of HealthTrackRx, said:
“Our decision to establish this new facility in Louisville is a key step in our mission to bring industry-leading next-morning diagnostics to more providers and patients.
This location allows us to serve more healthcare providers and patients nationwide with differentiated next-morning diagnostic results. We are excited to bring more highly skilled healthcare jobs to the metro area and continue our broad investment in the community.”
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State Support and Incentives
The Kentucky Economic Development Finance Authority (KEDFA) has taken steps to encourage HealthTrackRx’s investment in Louisville.
Last month, KEDFA preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program.
This performance-based agreement offers up to $2.5 million in tax incentives based on HealthTrackRx meeting specific targets, including:
- Creating and maintaining 230 full-time jobs for Kentucky residents over 10 years.
- Providing an average hourly wage of $33.65, including benefits, for the new roles.
If the company meets these annual targets throughout the agreement, it can claim eligible incentives against its income tax liability and wage assessments, keeping a portion of the new tax revenue generated.
HealthTrackRx can also use resources from Kentucky’s workforce service providers. This includes no-cost recruitment and job placement services, reduced-cost customized training, and job-training incentives.
A Positive Step for Kentucky’s Economic and Health Care Landscape
Kentucky Governor Andy Beshear welcomed the news as a sign of continued economic growth in the state’s healthcare industry.
He emphasized the importance of companies like HealthTrackRx in supporting the commonwealth’s economic progress and commitment to high-quality health care.
He said:
“Innovative companies providing quality services and high-paying jobs, like HealthTrackRx, are choosing Kentucky to locate and grow their business.”
Ensuring that Kentuckians from every corner of the state have access to quality healthcare services is critical to the commonwealth’s continued growth. I want to thank the company’s leadership for believing in the commonwealth and the Louisville community, and I look forward to their future success.”
Outlook: A New Era for Biotech in Louisville
With HealthTrackRx’s decision to establish its largest and most advanced lab in Louisville, the city is poised to further solidify its standing in the expanding biotech sector.
By creating high-quality jobs and leveraging a strategic location, HealthTrackRx is positioned to continue its mission of delivering rapid, actionable diagnostic results, while contributing to the state’s economic development and strengthening its skilled workforce.
As Louisville welcomes this major investment, the city moves a step closer to becoming a key destination for biotech innovation and skilled talent in the United States.
