The Bottom Line Other Business Features Local Stories from ThisWeek More Articles By Mark Williams The Columbus Dispatch Tuesday September 30, 2014 3:13 AM

A Columbus health-care technology company has been offered state incentives to support growth plans that include adding 116 jobs in coming years.

CoverMyMeds plans to move from the Arena District to larger quarters in Downtowns Scioto Mile development and invest $1.2 million in the new space and equipment.

The Ohio Tax Credit Authority approved incentives worth an estimated $482,288 yesterday at its monthly meeting.

The company has 57 workers who together earn $2.3 million a year. The additional jobs would mean $7.4 million more in annual payroll.

Doctors, pharmacists and their staffs use CoverMyMeds software to work with health-insurance companies to obtain drug approval for patients.

Our software network that streamlines a vital process for physicians, pharmacies and health plans has led to rapid growth at CoverMyMeds, prompting the need for more space for specialized professionals, Alan Scantland, the companys CEO, said in a statement.

The company also plans to invest $2 million on a training program for software engineers.

Also receiving approval for state tax incentives was Columbus Steel Castings for its previously announced expansion on the South Side.

The company plans to add 550 jobs based on anticipated growth in demand for steel parts needed to make rail cars and because of growing sales of repair parts. The expansion will roughly double the companys workforce.

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Health-care tech firm CoverMyMeds offered tax credits