The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression
Philadelphia, PA (Vocus) September 9, 2010
Pentec Health, Inc., the nation’s largest privately held, specialty infusion services company, focused on providing complex pharmaceutical products and clinical services to non hospitalized patients, has been named to the 2010 Inc. 5000 list of Fastest Growing Private Companies in America by Inc. Magazine.
The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Music website Pandora, convenience store chain 7-Eleven, Brooklyn Brewery, and Radio Flyer, maker of the iconic children’s red wagon, are among the prominent brands featured on this year’s list, an exclusive ranking of the nation's fastest-growing private companies.
“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”
“We are honored to receive this latest distinction of joining the exclusive ranking of the nation's fastest-growing private companies,” said Joseph Cosgrove, President and Chief Executive Officer of Pentec Health. “This prestigious recognition is a testament to the dedication and hard work of all of our associates nationwide."
The 2010 Inc. 5000 Breakdown
The 2010 Inc. 5000, unveiled today on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. The Government Services sector showed the biggest gain in terms of the number of companies on the list, up 33 percent from last year to 335 companies.
Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent. This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on http://www.inc.com/5000.
About Pentec Health, Inc.
For more than 27 years, Pentec Health has been an industry leader in providing Specialty Infusion Services nationwide to patients who require access to complex pharmaceutical products and services outside of the hospital setting.
Based in Boothwyn, Pennsylvania, Pentec Health provides IPN and IDPN products and services to dialysis centers for their malnourished dialysis patients; and, as a Joint Commission accredited home care provider, offers specialty in-home infusion services for highly complex conditions that are underserved by traditional home care providers. Pentec Health offers preparation and clinical management of drug therapies, skilled nursing support, reimbursement services and unparalleled care coordination to patients with acute and chronic conditions.
Their "convenience of care" model is pharmacy based, nurse administered and patient and physician preferred.
Pentec Health is widely recognized as an organization with large scale efficiencies to meet all of their patients’ Specialty Infusion needs, with the rapid responsiveness of a local provider.