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Carmel Company Announces Expansion

Dormir LLC, the parent of sleep center development and management company MD Sleep and durable medical equipment provider CardioSom, announced today it will expand its corporate headquarters here, creating more than 160 new jobs.

The privately held company, which currently develops and manages physician and hospital-owned sleep disorder centers and durable medical equipment retail locations in 14 states, will invest more than $2.5 million to expand its Central Indiana headquarters and upgrade its computer hardware and software.

"Dormir joins a growing list of companies like Arcadia Healthcare, Really Cool Foods and Berry Plastics that have decided to grow their global headquarters in Indiana. Headquarters locations bring high-paying jobs and community commitment, and are good news for our economy," Governor Mitch Daniels said.

The three-year-old company currently operates facilities in Greenwood, Indianapolis, Noblesville, Kokomo and Ft. Wayne and is in the process of opening centers in Anderson, Marion, and South Bend. The company, which currently employs 47 professionals at its Carmel headquarters and more than 150 employees nationwide, will begin hiring professional managers, information technology specialists, billing technicians, sales and marketing representatives, human resources professionals and accountants yet this quarter.

"Indianapolis and Carmel represent the ideal location for our corporate headquarters," said Tim Miller, chief executive officer of Dormir LLC. "The geographic location, airport expansion, affordable housing costs and quality of life make central Indiana very appealing to our workforce."

The company's subsidiary, MD Sleep, provides physicians and hospitals with a turnkey solution to the design, development, construction, furnishing, staffing and ongoing management of their sleep centers. CardioSom focuses on treating patients with sleep apnea and provides patients with respiratory equipment including Continuous Positive Airway Pressure devices and Oxygen resulting in some of the highest compliance rates by patients in the country.

The Indiana Economic Development Corporation offered Dormir LLC up to $1.25 million in performance-based tax credits and up to $100,000 in training grants based on the company's job creation plans. The City of Carmel will consider property tax abatement for the expansion.

"I am extremely pleased that Dormir has decided to expand its headquarters in Carmel," said Mayor Jim Brainard. "The City is attracting more and more health services and facilities, making Carmel an ideal location for this company focused on medical technology."

The announcement of Dormir's expansion in Carmel continues Indiana's growth in the life sciences. In March, Medco Health Solutions (NYSE: MHS) broke ground on the world's largest automated pharmacy in nearby Whitestown and announced plans to locate a new research and development center at its new facility. In February, biopharmaceutical manufacturer Cook Pharmica announced plans to add new filling and finishing lines to its South Central Indiana pharmaceutical development and manufacturing center in Bloomington, an addition that is expected to create more than 200 new jobs.

The Biotechnology Industry Organization and Battelle Memorial Institute identified Indiana as one of the nation's top four life sciences leaders as defined by number and concentration of life sciences-related jobs in 2006.

About Dormir, LLC
Dormir LLC is an Indiana limited liability company formed on January 18, 2005 in Carmel, Indiana with the purpose of providing the highest quality of patient care to those suffering from Sleep Disorders through its subsidiaries of MD Sleep, LLC and CardioSom, LLC.