Medical provider relocating headquarters to Louisville

A medical equipment provider is relocating its corporate headquarters to Louisville in a move that the state estimates will create 57 jobs.

Pennsylvania-based RecoverCare LLC decided to make the move after merging in August with Louisville-based MedaSTAT.

RecoverCare plans to add 14,500 square feet to an existing 23,334 square-foot facility in Louisville.

The company specializes in providing wound care and bariatric medical equipment and services to long-term and acute care medical facilities, according to a state news release.

The company has been approved for up to $2.26 million in state tax incentives under the Kentucky Business Investment Program. In general, when a company is approved for tax incentives, it can keep that amount of money, which it would otherwise pay in taxes, assuming it fulfills the terms of the deal.

This story was originally published December 8, 2009 at 3:05 PM with the headline "Medical provider relocating headquarters to Louisville."