Monday, May 21, 2018
Business

Laser Spine Institute plans new headquarters in West Shore, will add 100 jobs

TAMPA — Since the Laser Spine Institute was founded in 2005, it has grown from nine employees to more than 800 workers across the country.

Now the Tampa company is ready to expand again here at home. The company said Wednesday that it plans to build a $56 million headquarters in the West Shore area while adding 100 jobs to its Tampa operation with average annual pay of about $80,000.

The new building will give the Laser Spine Institute about 176,000 square feet of space to expand its Tampa medical practice. The company also plans to add administrative space and staff locally to support a nationwide expansion of its medical offices in Cincinnati, Cleveland and St. Louis.

The company is growing so fast that it has set aside 35,000 square feet of space in its new headquarters in the Avion Park development to expand even further.

"At the growth rate we're going at," said chief executive officer Bill Horne. "I would imagine that in the first year, we'll be eating up all that space."

The Laser Spine Institute was founded by three doctors — Glenn Hamburg, Michael Perry and James St. Louis — and bills itself as a leader in "minimally invasive spine surgery" as an alternative to open back surgery.

It has surgical centers here and in Oklahoma City, Philadelphia and Scottsdale, Ariz. The company said that since its founding in 2005, it has treated more than 45,000 patients for back and neck conditions such as bulging and herniated discs, degenerative disc disease, pinched nerves and other ailments.

Horne said his company employs 600 people in Tampa.

The company is still in its original location in the Rocky Point area in Tampa, now occupying floors in two buildings. But the lease is up next year, and it's time to bring the company's operations together, Horne said.

"It wasn't designed to be efficient and patient-friendly," he said of the old offices.

The Laser Spine Institute said it now performs about 10,000 spinal surgeries a year, about 4,500 of those in Tampa. This expansion will allow the company to treat 25 percent more patients locally.

Highwoods Properties Inc. will oversee construction of the facility, which is expected to start in the fall. The new building should be finished around the start of 2016.

"Laser Spine Institute has deep roots in Tampa, and as they grow, so does our reputation as a first-class destination for business," said Mayor Bob Buckhorn in a prepared statement. "Because of companies like Laser Spine Institute, we're driving our local economy to new heights, creating quality jobs in competitive industries."

Horne said the Laser Spine Institute has not asked for any incentives from local and state economic development agencies to help pay for its new building and expansion, but it has not ruled out seeking such help in the future.

Contact Jamal Thalji at [email protected] or (813) 226-3404. Follow @jthalji.

Comments
Construction poised to begin this week on four-story boutique hotel in Ybor City

Construction poised to begin this week on four-story boutique hotel in Ybor City

TAMPA ó A ceremony marking the start of construction on a four-story, $32 million boutique hotel at 1402 E Seventh Avenue has been set for Thursday.The site is now a parking lot, but plans on file with the city of Tampa outline a hotel project with 1...
Updated: 1 hour ago
FPL parent wants to expand its Florida footprint with new purchase

FPL parent wants to expand its Florida footprint with new purchase

TALLAHASSEE ó The parent company of Florida utility giant Florida Power & Light announced Monday that it will buy the largest electricity producer in Northwest Florida, Gulf Power, in a $6.4 billion deal.Juno Beach-based NextEra Energy Inc. said in a...
Updated: 1 hour ago
GasBuddy predicts plunge in summer travel, blames gas prices

GasBuddy predicts plunge in summer travel, blames gas prices

At least one gas price tracker expects rising fuel prices to sharply curtail summer travel. In a recent survey by GasBuddy.com, just 58 percent of motorists surveyed said they would take a road trip this summer, down 24 percent from last year. Just u...
Updated: 2 hours ago
Barack and Michelle Obama are becoming television and film producers for Netflix

Barack and Michelle Obama are becoming television and film producers for Netflix

Netflix announced a production deal Monday with Barack and Michelle Obama that will see the former first couple create a wide range of content for the streaming service.The deal, talks for which had first been reported in March, will encompass a wide...
Updated: 3 hours ago
Starbucks: You donít have to buy coffee to sit in our cafes or use our restrooms

Starbucks: You donít have to buy coffee to sit in our cafes or use our restrooms

Starbucks is now allowing people to use its restrooms and sit in its cafes and patios even if they do not buy anything.The coffee giant on Saturday announced its new policy, which says that customers, including those who did not make a purchase, can ...
Updated: 8 hours ago
Camping without the hassle: New service rents you all the gear you need, plus the car

Camping without the hassle: New service rents you all the gear you need, plus the car

One day in April, I returned from a camping trip - a quick 24 out of the city - and ran a load of laundry. Whatís more telling is what I didnít do.I didnít hose down a muddy tent, I didnít soak a shoddily cleaned pot, and I categorically did not empt...
Published: 05/19/18
Romano: Save your money, sports betting wonít be in Florida anytime soon

Romano: Save your money, sports betting wonít be in Florida anytime soon

It is the middle of the day and the beginning of the off-season at Tampa Bay Downs. That means the action is limited to simulcast wagering, and that means the televisions outnumber the bettors.The parimutuel industry is long past its heyday in Americ...
Published: 05/19/18
Son of Crabby Billís founder leaves complex legacy of troubled projects and good deeds

Son of Crabby Billís founder leaves complex legacy of troubled projects and good deeds

SOUTH PASADENA ó Like his father, who founded the Crabby Billís seafood restaurant chain, John Loder Sr. had a larger-than-life personality. That was one reason he dived into the real estate business, becoming a well-known, if at times controversial ...
Updated: 6 hours ago
Global Tampa Bay initiative seeks to grow direct foreign investment through expanded regional teamwork

Global Tampa Bay initiative seeks to grow direct foreign investment through expanded regional teamwork

TAMPA ó A decade ago, the Great Recession put Hillsborough and Pinellas countiesí efforts to grow their foreign exports on hold.But since then those efforts have returned, gained support and momentum, expanded the range of their ambition and are now ...
Updated: 10 hours ago
Florida unemployment holds at 3.9 percent, state adds 9,600 jobs

Florida unemployment holds at 3.9 percent, state adds 9,600 jobs

Floridaís economy appears to have plateaued with its unemployment rate holding at 3.9 percent for the seventh straight month, according to the April report released Friday.But some economists say it may be a good thing if the rate doesnít fall much m...
Published: 05/18/18