Berkeley Heights, NJ (PRWEB) September 24, 2014
Summit Medical Group (SMG) New Jersey’s largest private multispeciality medical group, is once again one of New Jersey's Fifty Fastest Growing Companies. NJBiz, New Jersey’s leading statewide business newspaper, honors the fifty of the state's dynamic companies who have exhibited tremendous growth over the past three years and progressively contribute to the success of the state's economic growth and stability. For eight consecutive years, Summit Medical Group has been a “Fifty Fastest Growing Company”. SMG was the only multispecialty healthcare provider to be recognized.
Nominated companies are ranked using the following formula:
The company with the largest dollar growth receives the highest ranking, with the second company receiving the second highest ranking, and the other companies following. Rankings are then assigned for the percentage of growth from year one to year three. The company with the highest percentage growth is assigned the highest ranking. Ranking numbers for dollar and percentage growth are then totaled. The company with the highest combined ranking is ranked number one, with the other companies following in order. If there is a tie, the company with the highest dollar growth receives the higher ranking.
The "50 Fastest" companies will be honored and their ranking will be revealed during an awards ceremony on Thursday, Nov. 13, 2014 at the Palace at Somerset Park, Somerset, NJ..