MyTelemedicine, a virtual health technology company, announced Oct. 12 that it will be expanding and relocating its headquarters in McKinney. With a grant from the McKinney Economic Development Corp.’s Innovation Fund, the company plans to create 40 new, high-tech and executive jobs over the next three years, bringing its total number of employees to 63, with an average salary of $70,000, per a news release.

“MyTelemedicine has been enhancing healthcare access through user-friendly, cloud-based technologies that connect patients with their healthcare providers well before the demand became what it is today” CEO Rey Colon said in a news release. “We’ve seen nothing but enormous potential and growth prior to the elevated demand the telehealth industry has faced due to the COVID-19 pandemic.”

MyTelemedicine allows healthcare providers to manage their patients virtually for common acute illnesses, specialty care and chronic conditions. Over the last three-year period, MyTelemedicine has grown by 406%.

The company has already begun preparations to move from its former location at 214 E. Louisiana St., Ste. 300, McKinney, into its new headquarters at the Cotton Mill, located at 610 Elm St., McKinney, near downtown. This location has a long track record of being a hub for startups, with the likes of Bossfight Entertainment, Words with Friends and Zynga as past tenants, according to the news release.

“MyTelemedicine is the largest company we’ve invested in so far, so it’s exciting to see the company portfolio range from all levels and sizes of startups” said Danny Chavez, senior vice president at the MEDC, in the release. “We’re continuing the momentum and our team is hitting the mark on our goals for the fund in growing our technology ecosystem.” 800-611-5601.