IntelliCare to close, lay off 200
IntelliCare Inc., a telemedicine company in South Portland, which was once considered a rising tech company, will close by the end of February.
IntelliCare, which is owned by Medco Health Solutions of New Jersey, will eliminate most of its 250 jobs, retaining only 35 to 50 people to work remotely for Medco, according to the Portland Press Herald. IntelliCare, which was founded in 1997, supplies nursing care services via telephone to health care providers. Medco said it is closing the facility because it does not fit into its long-term business plan.
IntelliCare was recognized as one of the fastest growing technology companies in North America before it was acquired in 2005 by Massachusetts-based PolyMedica Corp., which was subsequently acquired last year by Medco, the paper reported. It made the Deloitte Technology Fast 500 list four years in a row, and was on Deloitte's Fast 50 list for New England.
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