Palio will close its offices in Saratoga Springs, New York, and Irvine, California, the company has announced. The Saratoga Springs office will formally close in June.
Agency president Kim Johnson said the decision was made so it could work more closely with the inVentiv Health network and be closer to clients. “This consolidation is about building for the future and is part of the next step of the journey for Palio,” she explained. “We’ve been very focused on building our New York headquarters over the past few years. We’re now co-located with the [network’s] public relations and medical education capabilities. In working in this cross-disciplinary way, we can offer more sophisticated, integrated solutions to clients.”
The number of employees affected by the closures is unclear. The Saratoga County Chamber of Commerce President Todd Shimkus said the company had between 25-30 employees in Saratoga Springs, down from 100 staffers in the “heyday of the company,” according to the Times Union.
Johnson would not confirm or deny the number of employees affected by the closing, noting that “many employees have been offered to relocate to our other offices and are also taking positions across the network. It’s a wind-down period.” The agency notified Saratoga Springs employees last month that the office would close.
Lori Goodale, 17-year veteran and corporate relations director for Palio, is among the departures. Palio also recently hired Bryan Roman as SVP, director of technology. He will report directly to Johnson and manage the agency’s technology solutions across offices.
Palio and Ignite were merged under the inVentiv banner in January 2013, with then President Mike Myers leading the agency. Myers and two other senior executives, Brian Lefkowitz and Ross Fetterolf, left the company in November of the same year; Johnson was named president of the agency in April 2014. Palio was acquired by inVentiv Health (then Ventiv Health) when it acquired network InChord for $185 million in September 2005.