Pentec and each of our employees share in this recognition and are extraordinarily proud of our Future 50 designation
Philadelphia, Pennsylvania (PRWEB) January 17, 2012
Pentec Health today announced that it has been selected as a winner of the 2012 Philadelphia SmartCEO/Clifton Gunderson Future 50 awards, recognizing the area’s top 50 fastest-growing companies. Award winners generate at least $5 million in annual revenue and are selected based on the combined growth rates of revenues and employees over a three-year period. These companies represent the future of the region’s economy, are exemplary leaders, and collectively boast $10 billion in revenues and more than 55,000 employees in the Greater Philadelphia region.
The award recognizes Pentec Health’s impressive turnaround, starting in 2008 under the leadership of Joseph Cosgrove, President and CEO. With the re-engineering of Proplete®, the company’s renal nutrition product for patients with chronic kidney disease, Pentec Health quadrupled its business, tripled profits, and increased employees four-fold, paving the way for a 28-year-old company to transition into a world-class organization over the past three years.
“Pentec’s vision, mission, and operating model have evolved with an eye to the future of patient care; characterized by a dissatisfaction of the status quo,” said Mr. Cosgrove. “Given our orientation, it is extremely gratifying to be recognized as a company with an exemplary growth record and continued expectations for future success and high standards of excellence. Pentec and each of our employees share in this recognition and are extraordinarily proud of our Future 50 designation.”
SmartCEO Magazine President and Co-founder Craig Burris further comments,“Comprehensive growth is applause-worthy in healthy economic times. This year’s group of winners has ignored the recession and created innovative new avenues for growth. The business community is healthier and stronger due to their efforts.”
SmartCEO Magazine will profile local award winners in its January 2012 issue of the publication. Winners are unranked and were selected purely based on their growth numbers. Over 120 nominations were submitted for review. A complete listing, as well as the Pentec Health profile, can be found at http://www.smartceo.com/.
About SmartCEO Magazine
SmartCEO Magazine is a regional business publication for leaders of growing companies, providing features, analysis and case studies each month to educate and inspire the Mid-Atlantic’s thought leaders. SmartCEO Magazine’s 60,000 print and digital readers range from CEOs of young, dynamic companies to established multi-generational family-owned firms.
About Pentec Health, Inc.
Pentec Health Inc. is a privately held specialty infusion services and healthcare technology company headquartered in suburban Philadelphia. Cutting edge innovations in patient care allow Pentec Health to provide products and services to underserved patient populations. The Joint Commission has consistently awarded Pentec with a Gold Seal of Approval for their commitment to providing the highest level of patient safety and patient care for renal nutritional and specialty infusion home care services. Pentec’s renal nutrition business specializes in providing patient-specific, proprietary nutritional therapies for patients suffering from chronic kidney disease. Pentec’s specialty infusion business provides in-home care for patients with implanted drug delivery pumps treating severe pain and/or spasticity. Pentec’s award-winning executives are noted for top leadership and giving back to the communities in which they serve. For more information, visit http://www.pentechealth.com