New Amherst HQ for Nova Healthcare

April 26, 2012 Updated Apr 26, 2012 at 7:24 AM EDT

By WKBW News
By Business First by James Fink

...
April 26, 2012 Updated Apr 26, 2012 at 7:24 AM EDT

Healthcare Administrators Inc. has found a new home for its corporate headquarters.

Nova, which is owned by Independent Health, has signed a five-year lease with Ciminelli Real Estate Corp. to occupy 18,000-square-feet in the Village Park Business Center anchor building. Village Park is located at 6400 Main St. in Amherst.

Terms were not disclosed.

Nova is moving from its current offices in Sheridan Meadows Office Park in Amherst. Nova had been scouting a number of suburban, mostly Amherst locations, as its growth prompted the need for larger office space. With the move, it is doubling the size of the office space.

Nova is an administrator of self-funded plans including ones that cover medical, dental, flexible spending accounts, health reimbursement accounts and COBRA administration.

Nova will be moving into 6400 Main St. within the next few weeks.

"The role and importance of self-funded services has evolved in recent years. As a result, we were looking for a location that offered the type of space and environment that would help us keep pace with the growing marketplace and address the varied needs of our self-funded customers," said Laura Smith, Nova Healthcare Administrators executive director.

The 6400 Main St. building is a two-story, 140,000-square-foot structure that is more than 90 percent leased. Other tenants include Fiserv, New York Life and Council Financial.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.