A company that runs health care facilities for seniors in 17 states across the country is building its new headquarters in Baltimore County.
Compass Pointe Healthcare System expects to finish construction of the four-story building at the Bare Hills Business Park in May 2015. A ceremonial groundbreaking with county officials is scheduled for Wednesday.
Compass Pointe is the new name of Senior Living Centers LLC, formerly based in Indianapolis, and is made up of firms acquired over the past few years, including Encore Healthcare in Columbia and Perennial Healthcare in Hunt Valley, company officials said.
About 60 Compass Pointe employees are already in the Baltimore area working out of leased space, said the company's chairman, Brian Reynolds. The new headquarters will employ about 125 people, with others coming from elsewhere in the company.
"We thought it was best to consolidate here," Reynolds said. "We're already here, and the health care talent in this town is fantastic."
Compass Pointe's network now has more than 70 facilities, including skilled-nursing and assisted-living facilities, and long-term, acute-care hospitals. The firm generates $440 million in annual revenue, Reynolds said.
The firm manages three assisted-living communities in Maryland: Symphony Manor in Baltimore, Woodholme Gardens in Pikesville and Tranquillity at Fredericktowne in Frederick.
"Our central location with a strong pool of health care administration talent is a perfect fit for this growing company," County Executive Kevin Kamenetz said in a statement.
Compass Pointe is affiliated with Capital Funding Group, which provides financing for multifamily properties and health care facilities. Capital Funding is located near the construction site where the new Compass Pointe headquarters will be built.
The Hunt Valley-based F.M. Harvey Construction Co. is building the roughly 43,500-square-foot headquarters.