David Raistrick began En-Vision America 20 years ago with his father, Philip, to make it easier for people with blindness or partial blindness to read medication labels. The Illinois-based company makes large print, Braille and audible prescription labels for brick-and-mortar and online pharmacies; products also include a talking barcode reader. Revenue in 2015 was about $4 million with customers such as CVS Health, Wal-Mart and Rite-Aid.
En-Vision recently opened a Palmetto office for its customer service and tech support staff, with the potential to expand its local workforce if it moves production and other functions here.
“We’re hoping to attract some of the best people in the pharmacy industry,” Raistrick says. “Being from central Illinois, we get cold, cold winters and hot, hot summers, and we wanted to trade some of those winters in.”
About 10 people work out of Palmetto and 20 people in Normal, Ill. By the end of 2016, En-Vision expects to have at least 60 employees in Illinois and Southwest Florida. The company expects to reach $6 million in revenue in 2016 and $10 million in 2017, due to growth in pharmacy products, including at CVS Health’s 8,000 locations nationwide. Other major customers include Rite Aid, with 4,600 locations nationwide, and pharmacy benefit organizations such as Caremark and Express Scripts. Wal-Mart customers can request the labels at its 4,000 locations.
Palmetto sweetened the move with tax rebates in exchange for En-Vision beautifying the property. “We made the decision to relocate to the Suncoast, no matter what. “[But] the county needs to be a shining star if they want to bring folks [and diversify the economy]. Folks like us are the future,” says Raistrick.