East Hartford healthcare management provider CareCentrix will receive up to $24 million from the "First Five" program to relocated to downtown Hartford.
The Connecticut Department of Economic and Community Development will provide CareCentrix with $12 million in grants over five years if the company retains all 213 employees for five years. The company will receive an extra $12 million if it creates 290 jobs in that five-year span.
The jobs range from executives to the call center staff.
With the money, CareCentrix will move from 111 Founders Plaza in East Hartford to 20 Church St. in Hartford, site of a 420,000-square-foot Class A office tower known as the Stilts Building.
CareCentrix will occupy 40,000 sq. ft. on the 11th and 12th floors of the Stilts Building.
Founded in 1996 as part of Gentiva Health Services Inc., CareCentrix became an independent company in 2008, and now includes a network of 7,000 homecare providers and more than 30 million people. The company has $850 million in revenues with care centers located across the country.
CareCentrix coordinates members' care, improve quality and service, and lower costs in home nursing, home infusion therapy and home medical equipment.
The "First Five" initiative was started by Gov. Dannel P. Malloy in 2011 to help major employers move to Connecticut or build their presence in the state. Other recipients of the program are ESPN, NBC Sports, Cigna and Alexion Pharmaceuticals.