A High Point healthcare equipment company, Exemplar Health, has spent $7.6 million to purchase a closed fabrics plant as part of its ambitious growth initiative of at least 1,000 employees.
The 146,000-square-foot plant at 1914 S. Elm St. was operated by Richloom Contract, a New York-based fabrics manufacturer that eliminated 54 jobs as part of ceasing production in April.
Exemplar owner Russell Patterson said its primary customer base is independent pharmacies, along with group health insurers. The company has customers in all 50 states.
Patterson is a clinical pharmacy services specialist who owns independent pharmacies in Lexington, Monroe, Thomasville and Winston-Salem.
Exemplar is part of an innovative healthcare partnership network “designed to unite independent pharmacies, primary care physicians and service providers with the common purpose of bringing more lives and better reimbursement to its members.”
Patterson said the company currently has 250 employees, including about 100 at its 1107 W. Market Center Drive operations.
Patterson said there are plans for a three- to four-fold increase in the plant’s workforce to between 150 and 200 as its wholesale medical products distribution operations ramp up. The main need is management and warehouse employees.
“We just need more space from an operations and employees basis so we can bring in more product and expand our distribution,” Patterson said.
“We’ve started already and expect to fill most of the jobs within the next six months or so” through staffing agencies and local job fairs.
“Our eventual goal is to get to 1,000 jobs, and this is the next step for getting there,” he said.
The purchase was made by Exemplar’s real-estate arm Joyful Opportunities LLC, according to a Guilford County Register of Deeds filing. The seller was Raymond Chambers Jr. of High Point.
rcraver@wsjournal.com
336-727-7376
@rcraverWSJ
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