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Life Health > Health Insurance > Your Practice

GoHealth Starts Building Offices in Utah

By Allison Bell

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GoHealth broke down Tuesday on a new, 156,000-square-foot office building in Lindon City, Utah.

The Chicago-based Medicare plan distributor says it hopes to put up to 1,159 employees in the building.

(Related: GoHealth’s Medicare Advantage Sales Went Up Like a Rocket: Earnings)

GoHealth told the Economic Development Corporation of Utah (EDCUtah) that it intends to spend at least $10 million on construction projects and other capital expenditures in Utah over the next five years, according to EDCUtah.

The History

Brandon Cruz and Clint Jones started GoHealth in 2001.

GoHealth started out selling all kinds of health insurance. In recent years, it has emphasized the sale of Medicare Advantage plans.

GoHealth first began doing business in Lindon City in 2018. EDCUtah announced at the time that the company would be bringing about 363 full-time customer support jobs to Utah, and making about $900,000 in capital investments in Utah.

GoHealth recently completed an initial public offering (IPO) of common stock. The IPO raised about $914 million.

The company reported a $23 million net loss for the second quarter on $127 million in revenue. It says it had $62 million in adjusted operating earnings.

The Building

GoHealth says the new, five-story building in Lindon City will have meeting and training rooms, phone booths, a gym with lockers and showers and a full-service cafe.

COVID-19 control features include touchless soap dispenses in the bathrooms and kitchens, automatic doors, windows that open, and mask and hand sanitizer dispensers.

— Read GoHealth, a Web-Based Medicare Plan Broker, Shows Its Financials, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on Facebook, LinkedIn and Twitter.

Allison Bell

Think_Allison

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NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.