AmeriHealth Caritas Announces Expansion of Headquarters
Recommits to Philadelphia region with build of a new facility in Newtown Square, Pa. and redesign of its existing campus
AmeriHealth Caritas, a national leader in Medicaid managed care and other health care solutions for those most in need, announced today that it is expanding its corporate headquarters and creating two vibrant campuses. Across the country, states and members are responding to the company's mission and integrated care model, which has led to tremendous growth and a doubling in the number of employees and revenue in the past five years.
"AmeriHealth Caritas is committed to investing in our Pennsylvania presence and will continue to contribute to the state's growth and development with jobs, partnerships and investments," said Chairman and Chief Executive Officer Paul Tufano. "Our office expansion also aligns with our aim to be the employer of choice by creating work environments for our associates where they're inspired to collaborate, innovate and achieve their fullest potential."
The new location at Ellis Preserve in Newtown Square, Pa., will provide AmeriHealth Caritas with approximately 378,000 square feet of newly constructed space and will accommodate approximately 2,000 employees at full capacity. Groundbreaking is scheduled to begin in late 2018 with an anticipated completion date of early 2021.
"We are thrilled that AmeriHealth Caritas will be expanding to Ellis Preserve," said Dan DiLella, President and CEO, Equus Capital Partners. "They are a world-class company with a mission that matters and we feel very fortunate to welcome them to our campus, which is home to some of the region's most distinguished employers."
AmeriHealth Caritas is also planning a complete rebuild of its current location at Airport Business Center, Essington, Pa., which will be the location for several key business units and the company's operational functions. The renovated Essington location will provide 373,000 square feet of space and will accommodate approximately 2,000 employees at full capacity. Construction and renovation at Airport Business Center, owned and managed by Conshohocken, Pa.-based Keystone Property Group, will begin in 2021 with renovations expected to be completed by early 2022.
"As the anchor tenant at Airport Business Park, AmeriHealth Caritas is a longstanding and valued partner of Keystone's, and we are extremely excited that they are expanding their operations in both Essington and their new location in Newtown Square," said William Glazer, CEO of Keystone Property Group. "As one of the Philadelphia area's major employers, the company's success is vital to the entire region, and we look forward to creating a new, state-of-the-art venue where it can continue its tremendous success for years to come."
Two vibrant campuses
AmeriHealth Caritas was among the first Medicaid managed care organizations to develop an integrated model of care, which addresses the physical health, behavioral health and pharmacy needs of Medicaid members in an integrated, holistic way in order to achieve the highest quality outcomes. The company's close partnerships with its government customers, providers, and the community has produced some of the highest NCQA-rated Medicaid health plans in the country. Today, the company operates in 15 states and the District of Columbia, serving approximately 5.3 million members, with more than 6,000 employees nationwide.
Over the past two years, the company conducted numerous studies to determine the best location for its new corporate headquarters, and space for Operations and Information Systems. The company analyzed considerations such as where associates live, access to transportation and future growth of the organization.
AmeriHealth Caritas' focus on excellence will be reflected in the two campuses based on findings from these studies. Associates will collaborate in inspiring spaces, supported by amenities that will bring out their best work.
Amenities at both sites are anticipated to include:
- Access to daycare resources.
- Fitness centers.
- A range of unique and healthy food service options.
- Access to public transportation.
- Hotel access.
The leases at both sites are subject to customary conditions and contingencies.
Ongoing commitment to Supplier Diversity
AmeriHealth Caritas' longstanding commitment to supplier diversity will also play a role in these two real estate projects. AmeriHealth Caritas has nearly doubled its investment in diverse suppliers since 2013.
"The organization believes small and diverse suppliers are an engine for positive social change and that the relocation and expansion of the headquarters — requiring a range of goods and services — will create an opportunity to deepen those partnerships and create new ones," said Tufano. "Their contributions to local communities support our mission, their agility supports our innovation, and their efforts result in job creation, which helps us, as a managed care organization, address social determinants to good health and well-being."