A senior care company in Louisville is getting set to launch its own lab service, and it’s getting some tax breaks from the state.
Trilogy Health Services received preliminary approval to receive up to $600,000 in tax rebates to establish Synchrony Lab Services LLC. The lab will start out serving Trilogy’s senior living and rehabilitation campuses but may eventually market its services to other facilities, according to a statement from the company.
Trilogy, a Louisville-based senior care and housing provider, projects that it will invest $1.9 million in the lab project.
“As with our other ancillary service companies, having the ability to control the service we provide will allow us to ensure that our residents receive the best possible care, which is always our first and foremost priority,” the statement reads. “The need for timely, accurate lab services has always been critical in our business, but over the past year, COVID really demonstrated just how imperative it is to have high caliber lab services at your fingertips. This put the project higher up on our list of priorities.”
The company also hopes to enjoy higher test accuracy, better turnaround times and better integration with its electronic health record system.
The coronavirus accelerated talks that began in 2019, the company said.
The lab will provide routine and stat labs including chemistry, hematology, coagulation and urinalysis testing. Specifically, it will focus on operating within a long-term care setting.
Trilogy Health proposes hiring 34 staffers who will receive an average hourly wage, including benefits, of $31.25 within four years of establishing the lab, according to documents from the Kentucky Economic Development Finance Authority, which manages state incentive programs.
The lab will start up in a to-be-determined location in Louisville’s East End. Trilogy Health operates eight facilities in the Louisville area — all but one is outside the Interstate 264 loop while five are in the Eastern part of the county.
Earlier in the year, Trilogy Health added a new member to its C-suite and board of directors. Its current and former CEOs are also involved with the Louisville Healthcare CEO Council, a coalition of health companies whose CEO lead an effort to boost the local economy through leveraging the gravity around the area’s aging care industry.
Trilogy Health is the area’s largest local employer in the aging care industry with about 1,500 local employees. When counting national employees, Trilogy is the fifth largest, according to previous Louisville Business First research.