(WEB HOST INDUSTRY REVIEW) — After launching an Initial Public Offering on the New York Stock Exchange just weeks earlier, medical billing company Emdeon (www.emdeon.com) has announced plans to open a new Nashville data center.
According to local media, Emdeon signed a 15-year lease for a 34,200 square-foot site with Solomon Airpark to lease a new building at Airpark Center East, located east of the Nashville International Airport, according to a filing with the Securities and Exchange Commission. Nashville Business Journal reported that Solomon will build the center to Emdeon’s specifications, replacing Emdeon’s leased data center space at One Century Place which expires in 2010.
The initial rent will be $39,500 per month, making the lease have a total value of more than $8 million.
Emdeon’s expansion coincides with its raising of more than $365 million for a mid-August IPO, which is the third largest IPO so far in 2009.
