VRI To Relocate Corporate HQ to Franklin, Ohio

New Facility Will Support Company’s Strong Growth in In-Home Medical Health Services

FRANKLIN, Ohio--()--VRI, one of the nation’s largest and fastest growing in-home medical health monitoring solutions companies, announced today it will relocate its corporate headquarters and monitoring center to the City of Franklin in Warren County. VRI currently employs 110 people and plans to expand to nearly 300 in the next five years.

The company serves high-risk populations, primarily seniors and people with disabilities or chronic illness, with solutions to stay healthy, safe and independent. VRI services include medical alerts, medication monitoring, fall monitors, mobile and digital-compatible medical alert systems, vitals monitoring and telehealth programs.

VRI has outgrown its present location in the City of West Carrollton in Montgomery County as it continues to outperform overall industry growth. In Franklin, the company will lease a 24,000 sq. ft. office facility at 1400 Commerce Center Drive, more than doubling its current office and operations space.

In its new location, VRI will have the capability to support operations to serve at least 250,000 customers, approximately five times its current size, and provide a secure, 24/7 environment for its employees.

Company officials informally began searching for a new location in 2009 and this spring launched a comprehensive three-county search between Dayton and northern Cincinnati, where a majority of its employees live.

West Carrollton officials “made every effort” to retain the company in the city, according to Chris Hendriksen, VRI’s President, but did not have an available facility that met VRI’s specialized requirements and accelerated timeline.

Hendriksen said VRI received an “overwhelming response” from many communities interested in attracting the company. VRI evaluated a number of locations in Montgomery, Warren and Butler counties before deciding to move forward in Franklin.

“Ultimately Franklin met all VRI’s location imperatives,” said Hendriksen, which include “proximity to our current and future workforce, long-term expansion capabilities, high quality space and a community that demonstrated from day one it wanted VRI as a valued corporate partner.”

Hendriksen added “the keen responsiveness and diligence of City of Franklin officials in addressing our requirements made the community a stand out. City Manager Jim Lukas mobilized a team of city council and administrative officials to support our project at every step.”

Additionally, Warren County’s Economic Development Office provided coordination and technical support for the project. KMK Consulting, a national economic development and corporate services consultancy based in Cincinnati, partnered with VRI on the search.

VRI plans to invest significantly in technology to support its new 250,000-customer monitoring center; the company is also engaged in proprietary research and development for new devices and technologies in the medical monitoring industry.

In the past two years, the company has completed two acquisitions, backed by Blue Canyon Capital, a private investment firm co-founded by Hendriksen and Andy Schoonover. VRI continues to seek additional acquisitions to drive growth and expand the company’s capabilities and service offering.

About VRI

VRI is a healthcare services company with over 20 years of experience and is one of the largest providers of telemonitoring, medication adherence and medical alert systems in the country. VRI's services enable seniors, the chronically ill, and those with disabilities to maintain their independence and avoid long term care facilities and hospitalization.

The company currently serves approximately 50,000 active clients across the United States. Its service portfolio includes Medical Alert Systems, Monitored Medication Dispensers, Telehealth services, and other specialty solutions to provide safety and independence for its clients.

For more information, or to view the full range of VRI products, please visit www.monitoringcare.com.

Contacts

VRI
Jennifer McElroy, Communications Director, 800-860-4230
jmcelroy@monitoringcare.com

Release Summary

VRI, Inc., one of the nation's largest and fastest growing in-home medical health monitoring solutions companies announced it is relocating its headquarters to the City of Franklin, Warren County, OH.

Contacts

VRI
Jennifer McElroy, Communications Director, 800-860-4230
jmcelroy@monitoringcare.com