Governor Cuomo Announces Expansion of Orthonet Holdings, Inc.

Governor Andrew M. Cuomo announced that OrthoNet Holdings, Inc. will invest up to $4.5 million to expand its national headquarters in White Plains, retaining 350 jobs and creating a projected 155 new jobs to boost the Hudson Valley economy. OrthoNet Holdings is a national leader in orthopedic specialty benefit management.

“The expansion of OrthoNet demonstrates our commitment to attracting private sector investment and stimulating job growth in New York,” Governor Cuomo said. “I am proud to have worked with OrthoNet and our local partners to ensure New York jobs remain in the hands of New Yorkers.”

Supported by an incentive package including up to $3 million in Excelsior Tax Credits from Empire State Development and $31,000 in sales tax exemptions from the County of Westchester IDA, OrthoNet will be able to significantly expand its presence as a key economic and employment resource for the local community, while meeting its mission of providing services that promote high-quality, cost effective health care.

“We are excited about keeping and expanding our business in Westchester,” said OrthoNet’s President and CEO Dr. Roger Shedlin. “This means our excellent local workforce will not face relocation or disruption. The support from ESD and WIDA will help enable our continued growth, and job creation, here in New York.”

OrthoNet is the nation’s largest provider of musculoskeletal benefit management services. For over sixteen years the Company has called Westchester home, successfully growing a business that works with most major health plans, providing a wide array of programs related to orthopedics, rehabilitation and related clinical services throughout the United States and its Territories. These initiatives create efficiencies that keep treatments affordable, while promoting improved clinical outcomes and greater patient access to the most appropriate care.

Empire State Development President, CEO & Commissioner Kenneth Adams said, “As OrthoNet grows so will employment opportunities for Hudson Valley residents. Over the next five years, their aggressive agenda for corporate expansion has the potential for significant job creation and economic activity to support the local community. I want to thank our local partners, including Westchester County Executive Rob Astorino and his strong team for their outstanding efforts in helping keep these jobs in the Hudson Valley.”

Westchester County Executive Rob Astorino said, “From day one I have made economic growth a cornerstone of my administration. Attracting and retaining business in Westchester is how to put people to work and strengthen the economy. Partnering with OrthoNet not only maintained jobs but created new ones. I would also like to thank Empire State Development (ESD) for collaborating with my IDA team to make this possible.”

Senator Suzi Oppenheimer said, "This is good news for Westchester County and the State. By expanding their headquarters in Westchester and creating an additional 155 jobs, Orthonet Holdings is building on its key presence in the Hudson Valley economy and spurring growth in the local community. This is just another example of New York's commitment to being open for business."

Assemblyman Robert J. Castelli said, “I am thrilled at the decision by OrthoNet to expand their operations here in White Plains. This $4.5 million dollar project will create more than 150 new jobs, and is an excellent example of how government and industry are working together to restore the business-friendly environment of the Empire State. I applaud OrthoNet for their decision and thank Governor Cuomo and County Executive Astorino for their proactive work on this issue. Our office remains committed to creating jobs by pursuing pro-business policies with both the Governor and our County Executive.”