A substance use recovery monitoring and care management company is relocating to a new, larger headquarters in Henrico County.
Averhealth, which owns nationwide substance use disorder treatment centers, plans to invest $325,000 in its relocation effort. It will create up to 50 new jobs.
Virginia successfully competed against Kansas and North Carolina for the project, Gov. Ralph Northam’s office announced Thursday morning.
Averhealth is currently deciding between two office spaces in western Henrico for its new headquarters, which is expected to open sometime between November and January.
It has 17 full-time employees at its current headquarters at 1700 Bayberry Court off Forest Avenue in Henrico.
The company creates and provides solutions for substance use disorder monitoring and treatment. It provides care in 19 states, including Virginia, and has more than 170,000 active patients.
“Averhealth provides innovative technology solutions for substance use disorder monitoring and treatment,” said Jason Herzog, the company’s co-chairman and CEO. “We selected Virginia as the place to expand our corporate headquarters because of the strong, pro-business climate, thriving economy and diverse, highly educated talent pool.”
Herzog and Jeff Herr, Averhealth’s co-chairman and chief information officer, started the company as Avertest LLC in 2011, when they acquired a California company founded in 1995.
The company changed its trade name to Averhealth last year. Avertest remains its corporate name.
The company is receiving funding assistance for the pending job creations through the Virginia Economic Development Partnership, a program created by the General Assembly in 1995 to encourage development and expansion of Virginia’s economy.
For each net new full-time employee hired, the company will receive a reimbursement to help offset the cost of recruiting and training. The exact amount Averhealth receives for each employee is based on a variety of factors, including the company’s revenue and the types of jobs created.
The state funding and support were primary factors in the company’s decision to keep its headquarters in Virginia, said Megan Ford, Averhealth’s government relations manager.