VGM builds a new home for Homelink

Sunday, May 15, 2005

WATERLOO, Iowa -- The VGM Group is breaking ground next month on a new $5 million, 50,000-square-foot facility that will be used, first and foremost, as a workplace for the company's Homelink managed care division.

The Homelink expansion is expected to open VGM's doors to 140 new employees next year, and perhaps 200 more later on. VGM currently employs 400 people and operates out of two facilities, a 40,000-square-foot building built in 1996 and a second 26,000-square-foot building built in 1998-1999.

"The growth of Homelink is surely being driven by the need for home medical equipment across the United States," VGM CFO Mike Mallaro told the Waterloo Cedar Falls Courier. "That need is driven by several factors, such as the aging of America; people's strong preference to remain in their home, and new technologies that continue to evolve and make care in the home not only possible, but high quality."

Mallaro told the Courier the new facility would house expansions by other VGM divisions as well.