By: The Business Development Board of Palm Beach County
BOCA RATON — In partnership with Palm Beach County and the city of Boca Raton, The Business Development Board of Palm Beach County announced that Modernizing Medicine, Inc., a software company that delivers IT solutions for small and medium-sized specialty medical practices, will more than double its space when it moves to a new 15,000 square foot facility at the Research Park at Florida Atlantic University.
The company currently has 60 employees and expects to add another 40 in the next 12 months.
“A strong reason for our selection of the Research Park is its relationship with FAU,” said Dan Cane, CEO of Modernizing Medicine. “Our product is computer software for medical practitioners and having access to both the FAU Charles E. Schmidt College of Medicine and the FAU College of Engineering and Computer Science offers potential for joint development of interdisciplinary projects with FAU.”
The Business Development Board assisted the company with information on available grant and incentive programs and introduced the company to Workforce Alliance for assistance with recruitment and training programs.
Through its introduction to the economic development programs of the city of Boca Raton, the company received a lease subsidy of $65,000.
“Modernizing Medicine is a great company and we’re delighted it will expand its operations in Palm Beach County,” stated Kelly Smallridge, president and CEO of the Business Development Board. “The BDB has recently assisted several local companies to expand here and that’s good news for the County.”
“Modernizing Medicine is a perfect fit with the growing number of technology businesses that now call the Research Park home,” said Andrew Duffell, president and CEO of the Research Park at Florida Atlantic University. “The opportunities for collaboration with other tenants and FAU are plentiful.”
Modernizing Medicine is relocating for the second time in a two year span. “At the rate we’re growing, we’ll need additional space before long,” commented Cane. “The availability of expansion space in the Research Park will easily facilitate our future growth.”
Leasing for the Research Park at Florida Atlantic University is provided by Keith O’Donnell, senior managing director, Flagler Real Estate Services, LLC.
Modernizing Medicine, Inc. was founded by Daniel Cane and Dr. Michael Sherling, and is privately held. Cane was one of the co-founders of Blackboard, Inc. and was the founder of Kadoo Inc. Dr. Sherling, a Yale and Harvard trained dermatologist, is in private practice in Palm Beach County.