As Part Of Downtown Memphis Expansion, Prospero More Than Doubles its Job Commitment in Shelby County
FOR IMMEDIATE RELEASE
October 26, 2021
Prospero will create 530 jobs in Shelby County over the next five years.
Memphis, Tenn. – Prospero Health, a physician-led home-based medical care company, announced today from its new downtown Memphis location that it will create 530 jobs in Shelby County over the next five years, an expansion of its 2019 commitment of adding 249 jobs over five years. Michael Scarbrough, Prospero’s co-Founder, President, and Chief Operating Officer, made the announcement in conjunction with the Downtown Memphis Commission, the Greater Memphis Chamber, the City of Memphis, Shelby County and the State of Tennessee.
Prospero will relocate its growing operational headquarters in early 2022 to 50 South B.B. King Boulevard, where it will occupy 80,000 square feet across four floors. Prospero has been a tenant at 40 South Main Street in downtown Memphis since September 2019, where it currently utilizes 28,000 square feet over two floors. In just over two years, Prospero has realized 70% of its original pledge to create 249 jobs over five years.
Prospero launched its home-based medical care services in January 2020, serving 1,700 patients facing serious illness in three Northeast states. Prospero’s clinical care teams now serve over 17,000 patients in 26 states. Prospero’s presence in Memphis includes include a Care Support Center, as well as significant back-office operations that support teams of physicians, nurses, and social workers across those 26 markets.
“More than doubling our original commitment to create jobs signals the confidence we have in the talent in Memphis and in Shelby County,” Scarbrough said. “We are fortunate to be relocating to 50 South B.B. King Boulevard and we know such an attractive space and location will help bolster our expansion.
“Filling a gap in healthcare across the United States by providing medical care and support in the home for patients and their families is the essence of what Prospero does, and we know that mission resonates with so many people who face the same challenges. Prospero has expanded so rapidly because our care model works, and we are grateful to have our model supported by the wonderful resources available to us in and around Memphis.”
One of those resources is the University of Memphis Research Foundation Research Park, where Prospero had an office in its early days and remains a citizen. This relationship affords Prospero access to research and researchers at the University of Memphis, as well as the opportunity for the U of M student population to develop careers and internships with Prospero.
“It’s exciting to see another vote of confidence in Memphis,” said Beverly Robertson, president and CEO of the Greater Memphis Chamber. “We have the workforce, the talent, and the drive to become a city of choice for companies, like Prospero, that are looking to make a difference with their economic development decisions. I’m looking forward to Memphis and Prospero continuing to grow together.”
“This is exactly the type of company and expansion we want to see happening downtown,” Memphis Mayor Jim Strickland said. “I can remember just two years ago helping to make the original announcement for Prospero, and here we are today. They’ve exceeded our expectations, and I couldn’t be happier to watch the continued growth of this great company.”
“We are thrilled that Prospero is staying and expanding its footprint in Downtown Memphis,” said Paul Young, president and CEO of the Downtown Memphis Commission. “The move is a win-win for all of us. Remaining in Downtown will continue to provide them with great access to talent and a healthy and walkable office campus, while their growing team will bring added vibrancy and energy to the district.”
About Prospero Health
Prospero is a home-based medical care provider that empowers people facing serious illness to remain safely at home. Our physician-led care teams provide both in-person and virtual care at scheduled appointments and when unexpected needs arise–day or night.
Prospero Media Contact
Ed Ryan, Director of Marketing & Communications