Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Columbus Downtown Office Incentive with Radiology Partners Management, LLC.
Radiology Partners Management, LLC is the largest physician-led and physician-owned radiology practice in the U.S., with approximately 1,200 radiologists providing services to more than 850 hospitals, clinics and imaging centers across 18 states, with the infrastructure and capital to scale further. The company offers diagnostic and interventional radiology services, with on-site and remote reads by local radiologists. Radiology Partners Management, LLC is the fastest-growing radiology practice in the U.S., with an exceptional client relationship track record that spans 40 years. Headquartered in El Segundo, California, Radiology Partners Management, LLC is a leading on-site radiology practice with commitment to clinical excellence and service.
Radiology Partners Management, LLC is proposing to invest a total project cost of approximately $150,000, which includes $100,000 in leasehold improvements and $50,000 in furniture and fixtures to expand its existing operation and to establish a second corporate headquarters (“HQ2”) at 471 E. Broad Street, Columbus, Ohio 43215, parcel number 010-025394 (the “Project Site”), inside the Motorist Mutual Insurance building. The company originally established the Columbus location as a smaller IT support and help desk for all operations. With this expansion, the new HQ2 will house various leadership functions (including a new CIO), expand its IT and help desk functions, and its nationwide clinician support services. Radiology Partners Management, LLC will enter into a lease agreement for additional office space consisting of approximately 11,000 square feet, retain 51 full-time jobs with an annual payroll of approximately $4,093,073 and create 60 net new full-time permanent positions with a cumulative estimated annual payroll of approximately $4,200,000 at...
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