BrightStar Care among Inc. 5000 fastest growing companiesSeptember 11, 2014
For the seventh year in a row, Inc. Magazine has named BrightStar Care to its list as one of the fastest-growing privately owned companies in the United States. The in-home care and medical staffing franchise was listed at 2506 for the 2014 rankings.
According to Inc. Magazine, companies are ranked according to the growth percentage of their annual revenue over a three-year period. Applicants provided their 2010 and 2013 revenues, using 2010 as the base year. In order to be eligible, companies must be privately and independently held, based in the U.S. and generated at least $2 million in 2013.
With over 260 locations that provide medical and non-medical care for patients of all ages, BrightStar Care has established itself as a top home care franchise despite growing competition in the industry. The BrightStar Care 151% growth over the three-year period resulted in a total of nearly $250 million in systemwide revenue in 2013. In addition to the 5000 ranking, BrightStar Care was named to the Inc. 5000 Honor Roll Honorees, which recognizes companies that have made the list at least five times.
“It’s an incredible honor to be recognized by Inc. 5000 again. Our fast-paced, system-wide growth is fueled by the commitment of our franchisees and their teams to the BrightStar Care brand promise of delivering a higher standard of care every single day,” said Shelly Sun, CEO and co-founder of BrightStar Care. “With the continual training and support from the franchise support center, our accomplished franchisees execute a business model that features unique differentiators like the full continuum of care, 24/7 availability, RN Director of Nursing oversight, and accreditation by the Joint Commission.”
This announcement comes on the heels of another prestigious acknowledgement just a few months ago when BrightStar Care was ranked as the No. 1 franchise in America in its investment range according to Forbes Magazine. Both these rankings follow the announcement of the company’s new tagline and brand positioning as, “A Higher Standard of Care,” in part sparked by third-party market research the franchise conducted that showed family caregivers seek a higher standard of care for their loved ones, but have difficulty finding it. The Higher Standard of Care message was particularly fitting following recent recognition by The Joint Commission including awarding BrightStar Care with the prestigious Enterprise Champion for Quality designation, further setting the franchise apart as a quality-focused care provider.
In addition, BrightStar Care has recently announced its efforts toward building a worldwide brand presence, looking to expand into new and emerging international markets like Canada, the United Kingdom, New Zealand, Australia, Japan, and the rest of Europe.
“Our mission has never changed. We’re providing the highest quality service with the most qualified personnel. I’m pleased that our efforts have not gone unnoticed and BrightStar Care continues to expand,” said Sun.