WDM med-management firm to purchase building, expand
Friday, August 17, 2012 3:09 PM
Outcomes Incorporated., a medication therapy management services company based in West Des Moines, plans to purchase the foreclosed office building it currently leases in the Village of Ponderosa in West Des Moines to expand its business. Outcomes, which currently occupies the second floor of the building at 505 Market St., on Friday received approval for a $150,000 loan from the Iowa Economic Development Authority (IEDA). The funds will be used toward the $2.4 million purchase price of the building and to provide $575,000 in remodeling and computer hardware costs, according to an IEDA staff summary of the project. The West Des Moines City Council has approved a $30,000 matching loan, which was pending approval of the state funding. Outcomes, which now has 51 employees in Iowa, plans to build out one of the other floors for expansion and lease the remaining floor. The company committed to create at least 20 new jobs within three years to receive the state loan.