CARY, N.C.--(BUSINESS WIRE)--After five years of tremendous growth, Biologics, Inc. is pleased to announce the company’s expansion into a new 76,000 square foot corporate office building located in Cary, North Carolina. This is the first in a series of planned expansion projects for the company.
“Our growth and facilities expansion is directly tied to our commitment of making a positive difference in the lives of others: our colleagues, our patients and our clients,” said Stuart Frantz, president and chief executive officer at Biologics.
Biologics has grown exponentially over the past five years, with 350 full time employees year to date, a number that was just 68 in 2010.
The new corporate office will give Biologics the space and resources needed to continue to expand upon its high-touch specialty pharmacy and Biopharma support services. Over the last five years Biologics has been awarded new program contracts from numerous Biopharma companies to support patients with cancer and other complex diseases.
“We firmly believe our strong culture is a major driver behind our growth. We pride ourselves in our commitment to each other and to our personalized care model. Recruiting and retaining employees who share our passion for helping others is critical to strengthening our existing culture and to our future growth,” said Frantz.
The new corporate office, built by Highwoods Properties, is located within two miles of the company’s existing 32,000 square foot facility at 120 Weston Oaks Court. This facility will be retrofitted to accommodate the robust growth of Biologics’ specialty pharmacy business unit. Future expansion projects include a third location in the Weston Parkway area of Cary, North Carolina and a West Coast distribution facility, expected to open in First Quarter, 2016.
“We appreciated the opportunity to develop Biologics’ new headquarters and we welcome them as a Highwoods customer. Biologics has a solid business platform and visionary leadership. We are excited to support their growth and facility needs,” said Ed Fritsch, president and chief executive officer of Highwoods Properties.
About Biologics, Inc.
Biologics, Inc. is a complex care management company that empowers healthcare providers, payors and biopharma to optimize complex care for the best possible outcomes – clinical, financial and emotional. Unifying fragmented healthcare services, Biologics brings efficiency and humanity to complex care management by focusing on the patient’s best interest as the surest path to managing cost and risk. Biologics is at the center of a rapidly changing healthcare environment and supports patients across all treatment modalities, while providing clinical outcomes and informatics reporting that allow for informed decision making. Privately held, Biologics maintains headquarters and operations in Cary, North Carolina. Visit biologicsinc.com or follow us on Twitter (@BiologicsInc).
About Highwoods Properties
Highwoods Properties, headquartered in Raleigh, North Carolina, is a publicly traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Kansas City, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, Tampa and the Triad. For more information about Highwoods Properties, please visit our website at www.highwoods.com.