Philadelphia, PA (PRWEB) August 28, 2013
Pentec Health, Inc. has been named to the prestigious 2013 Inc. 5000 list of Fastest-Growing Privately Held Companies in America—for the fourth consecutive year. Pentec Health’s overall ranking is 2,373. The company is also ranked 70 of 164 for Pennsylvania-based companies, and 58 of 131 companies in the Philadelphia Metro area.
Inc. 5000 companies represent the most important segment of our economy—America’s entrepreneurs. Pentec first made the list in 2010 earning the number 4,547 position. The company has increased revenues in the past four years from $30 million in 2009, to $76.9 million reported in 2012. During that time, it has also has added 117 employees, many of whom are located at the company’s Boothwyn, PA headquarters, in suburban Philadelphia.
“We are elated with the news that Pentec Health has yet again made the Inc. 5000 list, joining the ranks of other successful thought leading companies across the country,” said Joseph Cosgrove, Chairman, President and CEO of Pentec Health. “Our sustained growth and continued success has not come easy. Throughout our 30-year history, we continually had to reinvent ourselves and adapt to the ever-changing healthcare environment. We faced significant challenges that have led us to re-group and build new strategies, enabling us to emerge as an even stronger company.”
In today’s stagnant economic environment, the median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. In addition, the companies on this year’s list have created more than 520,000 jobs and contributed $241 billion in revenues over the past three years.
“To be honored this year is a particularly notable achievement,” says Inc. Editor Eric Schurenberg. “To rank among the 2013 Inc. 5000, companies had to thrive through three of the toughest years this economy has seen in living memory. Pentec’s success in such times is eloquent testimony to the company’s creativity, resilience, and tenacity.”
About Inc. 5000
The Inc. 5000 is ranked according to percentage revenue growth over a four-year period. To qualify, companies must have been founded and generating revenue by the first week of the starting calendar year, and therefore able to show four full calendar years of sales. Additionally, they have to be U.S.-based, privately held, and independent-not subsidiaries or divisions of other companies-as of December 31 of the last year measured. Revenue in the initial year must have been at least $200,000, and revenue in the most recent year must have been at least $2 million.
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 at http://www.inc.com/5000.
About Pentec Health, Inc.
Pentec Health Inc., celebrating its 30th year in business, 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/.