Healthy growth and development
Health providers contribute to our area's growth and well-being while providing an economic shot in the arm.
Health providers, organizations contribute to area's growth and well-being
Health care plays a major part in growth and development in Southwest Florida.
Not only are we fortunate to have health providers such as NCH Healthcare, Physicians Regional Healthcare System and Golisano Children's Hospital, but we have many ancillary health organizations that serve our community and help to make Collier and Lee counties a better place to live and work. They contribute to our area's growth and well-being while providing an economic shot in the arm.
For one of the region's biggest success stories look no further than Arthrex.
The medical device manufacturer based in North Naples has been called Collier County's "economic diamond." Not only is it one of the county's largest employers, but it gives back to the community. The company has been named to Fortune's "best places to work" at least five times.
A growing Arthrex can easily be seen from the corner of Goodlette-Frank and Immokalee roads. The company's new event and administration building under construction can be seen rising above its corporate campus in Creekside Commerce Park.
The six-story, 300,000-square-foot building will include ample meeting space, a 15,000-square-foot cafeteria, an outdoor terrace and a parking garage with 1,400 spaces. The growth of the company's headquarters will include three new buildings and the general contractor for the project is North Naples-based DeAngelis Diamond. The estimated cost of the expansion project is more than $100 million and it is targeted for completion at the end of next year.
The latest expansion plan also includes a four-story hotel and a two-story wellness center. The two new buildings will complement the office building and include a 3-acre park.
Arthrex isn't just investing millions in its buildings. As it continues to grow its footprint here and across the country, the company is investing in its employees too. Arthrex this year has given all of its U.S. employees either a $1 an hour pay increase or a one-time bonus of $1,000.
Another regionally based company in the medical field reported record revenue in the second quarter this year.
NeoGenomics Inc., a Fort Myers-based clinical lab specializing in genetic testing for cancer, saw its revenue increase nearly 9 percent over the year to more than $67.7 million, despite reporting a loss. Costs related to the company's Houston expansion reduced net income by $1.8 million in the quarter, cutting into profits.
NeoGenomics handles cancer testing for pathologists, clinicians, oncologists and hospitals throughout the country. It has labs in several states, including Tennessee and Florida. One of its labs is at its headquarters in Fort Myers.
The prevalence of sleep disorders helps explain why two new sleep centers have opened in Collier County by competing hospital systems.
Physicians Regional Medical Center-Collier Boulevard operates a four-bed laboratory that received accreditation in June from the American Academy of Sleep Medicine. The NCH Healthcare System opened its second sleep lab in late May, with four beds at a new complex on Collier Boulevard. NCH's first overnight sleep lab, accredited by the Joint Commission, is in North Naples.
So the medical growth here provides services from dawn to dusk and cradle to grave. This local expansion provides jobs for a healthier economy and touches everyone's lives, continually breaking ground on ways to improve health and sustain lives.
Article courtesy of Naples News: Breaking Ground Newsletter