Downtown San Antonio’s Tech District continues to evolve, with the most recent announcement coming from a Healthcare IT company. CaptureRx, a leading 340B solution provider, currently serves more than 2,700 pharmacies and 500 hospitals and health centers nationwide with a strong emphasis on patients first. Their process manages inventory and financial flow for 340B prescriptions filled at contract pharmacies and performs the eligibility checks required to comply with program requirements. CaptureRx co-founders Chris Hotchkiss and Ed Gilmartin began the company here in San Antonio in 2000.
In 2016, they started exploring places where they could relocate their headquarters. CaptureRx explored a number of cities and identified three finalists—San Antonio, TX; Kansas City, MO; and Naples, FL. The City, County, State and SAEDF collaborated to ensure that CaptureRx was presented with a case for investment in San Antonio that resonated throughout the entire business retention and expansion process. Coming together as an economic development team, stakeholders developed attractive incentives and support for the company that ultimately led to their decision to relocate into the Downtown Tech District. CaptureRx’s decision positions the company to play an integral role in an emerging district.
This addition will have far reaching impact for the San Antonio community. It will not only retain the more than one hundred current CaptureRx employees, but will also add additional skilled positions straight into the heart of downtown. The company is committed to create at least 200 full-time employees over the next six years. CaptureRx also made a bold move in regards to their workforce, guaranteeing a minimum salary of roughly $52,000 thousand per year, exceeding the average wage for San Antonio.
With the CaptureRx headquarters set to grow into the soon-to-be refurbished Kress Building on Houston Street, this will be one of the largest recent office transactions in downtown. More employees working centrally translates to higher demand for downtown housing, better business for shops and restaurants and a more robust overall downtown San Antonio experience. It will reinvigorate the community, solidifying downtown’s position as the prime location for companies looking to relocate or start up.
- EcoDevo 360 eNewsletter