LONGVIEW — The Longview Economic Development Corporation (LEDCO) has announced that American HomePatient, Inc., one of the nations largest home health care providers, will expand its patient support center operations into Longview this summer. The firm will occupy an existing building at 2920 Tuttle Boulevard and will employ over 200 when fully operational.
American HomePatient is a national respiratory provider with locations in 35 states. The company is based in Brentwood, Tennessee, and owned by funds managed by Highland Capital Management, L.P. (Highland), a Dallas-based, SEC-registered investment adviser with approximately $23 billion of assets under management. The focus of American HomePatient is respiratory services, delivering sleep therapy, aerosolized medications and oxygen to patients across the country. From the Longview facility, the firm will provide telephonic support for its customer patients to monitor their therapy.
The economic impact to the Longview area will be significant, said Steve Metcalf, President of the LEDCO Board of Directors. American HomePatient will invest in new equipment and facilities in the City of Longview, Gregg County and the Longview Independent School District. The total payroll, benefits, capital investment and taxes paid will reach $80 million over the next ten years. Patrick Daugherty, Head of Private Equity at Highland, stated: American HomePatients investment in Longview is an important component of the companys growth strategy and demonstrates Highlands commitment to American HomePatient.
A LEDCO news release says LEDCO — aided by city officials and staff, local community colleges and universities, and existing businesses — worked for several months to attract the company to the area. Officials say the company will invest over $300,000 in building improvements and hire approximately 70 people this year. LEDCO really worked hard to understand our city selection evaluation process and adapted quickly to our needs, making our company feel like we could add value to the community, said Chris Johnson, American HomePatient Vice President.
In April, the LEDCO Board of Directors unanimously approved a seven year $1.1 million performance grant as an incentive for American HomePatient to expand and grow in Longview. We are very proud and thankful to our board of directors for their forward-thinking, aggressive approach to this incentive package,” said Susan Mazarakes-Gill, LEDCOs Executive Director. This package sets higher, more competitive standards for the economic development industry in the U.S. and proves Longview can compete and win high-wage, sustainable jobs for the region.