Prospero Health announces new operational headquarters in Downtown Memphis.
Boston-based healthcare startup Prospero Health will invest more than $1.5 million and create 249 jobs in Shelby County, officials announced today.
“This is the latest in a string of wins for Tennessee and for Memphis and Shelby County's strong life sciences and healthcare sector," said Gwyn Fisher, Greater Memphis Regional Director, Economic & Community Development at State of Tennessee. "Since 2010, the healthcare and life sciences sector has seen a 10 percent growth rate in Tennessee."
Prospero Health will add 60 employees to its new Memphis office space by early 2020 with plans to expand its services nationwide to include 900 doctors and nurses over the next five years. The company also plans to have support operations of 250 workers in Memphis as well as smaller teams in both Boston and Minneapolis.
The company selected Memphis for its operation headquarters and back office operations because of the city's central location, according to a report from the Memphis Business Journal.
Since 2010, Tennessee has seen a nearly 10 percent growth in the healthcare and life sciences sector.
Prospero Health, a provider of home-based palliative care and supportive care, launched in earlier this year after an announcement that in-home palliative care would be covered by Medicare.
According to the company, its mission is to empower people facing serious illness to live their best lives now by surrounding them with a team of caring and compassionate experts. These experts include physicians, nurses, and social workers who provide 24/7 supportive care in the home, via telehealth, or over the phone.
Boston-based healthcare startup Prospero Health will invest more than $1.5 million and create 249 jobs in Shelby County.
Prospero Health is a citizen of the University of Memphis Research Foundation Research Park, a relationship that directly connects Prospero Health to University of Memphis research and researchers. The partnership also makes it possible for Prospero to create internships and potentially full-time job opportunties for students at the university.
"Smart public and private partnerships are critical to our efforts to recruit and retain not only talent, but business in our region as well," said Greater Memphis Chamber President & CEO Beverly Robertson. "We are grateful for the leadership and investment in our region from Governor Lee’s office, for our Mayors who are committed to attracting jobs to our city and to all of our partners in this work to make Memphis an economic powerhouse."
Details of the Announcement
Prospero Health plans on locating its operational headquarters and back office operations at One Commerce Square in Downtown Memphis. With the new location, Prospero Health will provide administrative support for its hundreds of physicians, nurses, and social workers across its eventual 23 markets. Prospero Health, through its robust Care Center Support Team in Memphis, will also provide telephonic support for its seriously ill patients, as well as their families and caregivers.
Interested in a job with Prospero Health?
Prospero Health is looking for people with a passion for service and has multiple opportunities in medical and business fields. Please reach out on www.prospero-health.com if you’re interested in career opportunities with Prospero Health.
The Greater Memphis Chamber is the lead sales and marketing agency for economic development for Memphis and Shelby County. Learn more about our work here.
