A New England health care firm has relocated its headquarters to Irving.
Oculus Health moved from Portsmouth, N.H., to Las Colinas.
The company has rented 27,300 square feet of space in the Las Colinas Corporate Center II at State Highways 114 and 161. The space was a former Microsoft office.
Oculus is immediately putting 80 employees in the building and plans to expand its offices to 200 people by next year.
The company counts 32 states among its markets and has employees in nine states. The new Irving base is a consolidation of three offices.
“We looked at locations in Atlanta, Las Vegas and Charlotte, N.C., and we determined that Dallas offered the greatest tech and care-management talent pool to grow our company,” said Sridhar Yerramreddy, president and CEO of Oculus Health. “We plan to more than double our number of employees in the next year, and we believe we can find the highly skilled tech labor force in Dallas that we’ll need.”
Yerramreddy said the company’s new North Texas headquarters is twice the size of the old base back in New Hampshire.
“We grew out of that space,” he said. “We looked at several cities.”
About 30 people are already in the office.
Oculus was started by Yerramreddy in 2015. He previously worked on the technology side for a major insurer. His parents and wife are all physicians.
Oculus provides chronic care management services for patients and doctors.
The company moved into the new location last week.
Clay Vaughn and Preston Lynn of commercial real estate firm CBRE represented Oculus in its hunt for an office location.
“Oculus chose Dallas because of the excellent business climate, low real estate costs, and to be better positioned to rapidly expand the company,” Vaughn said. “The whole process from start to finish was about 60 days, which is very fast for a headquarters relocation.”
Vaughn said the company subleased its new headquarters on the top floor of the building from Microsoft.
“We evaluated 15 or so alternatives, and this was a perfect fit,” he said. “They were able to reuse the interior and workstations.”
Presented by the Dallas Morning News, September 12, 2017