Phoenix, AZ -- Avella Specialty Pharmacy announced that it has been named the third largest privately-held company in the state by the Phoenix Business Journal through its Arizona Corporate Excellence (ACE) Awards. Avella moved up from its rank as the fourth largest in 2016 and was also recognized as the sixth fastest-growing company in Arizona this year.
Developed by the Phoenix Business Journal more than two decades ago, ACE continues to honor private corporations and outstanding individuals in business every year. The awards identify the top 50 largest private companies as well as the top 25 fastest-growing. ACE also recognizes individuals with notable achievements through awards including “Innovator of the Year” and “CEO of the Year.”
Avella’s rank as the sixth fastest-growing company was determined using a proprietary formula including a measurement of revenue growth over the past two years. Companies on the list are assessed by accounting firm CliftonLarsonAllen LLP. Avella received 401 out of a perfect score of 500 as an assessment of the company’s growth during this time period.
“Avella is proud to be recognized alongside some of Arizona’s most prominent and well-known companies,” said Rebecca M. Shanahan, CEO of Avella. “Even though we have experienced remarkable growth over the past decade, Avella has always maintained a focus on supporting the local communities, and the individuals, we serve. As we expand our reach across the nation, that fact has been one of the single most important contributors to our continued success.”
Avella’s growth has been marked by numerous honors along the way. Avella continues to be recognized by Inc. Magazine as one of the fastest-growing private companies across the nation, maintaining a place on this prestigious list every year over the past decade. Thanks to this achievement, the company is now in the top .1 percent of companies ever ranked by Inc. Magazine. Avella has also been named the fastest-growing specialty pharmacy in the country by Drug Channels Institute.
About Avella Specialty Pharmacy
Headquartered in Phoenix, Arizona, Avella Specialty Pharmacy is a National Accredited Specialty Pharmacy, providing individualized care and support to patients since 1996. Avella's clinical pharmacists and staff members are experts in managing complex disease states and providing compassionate care. The company offers a nationwide distribution service to complement its retail locations. In 2016, Avella was named Specialty Pharmacy of the Year by NASP, a nationally recognized pharmacy trade committee. Inc. Magazine’s 2017 list of the 5,000 fastest-growing private companies in the country included Avella for the eleventh consecutive year and also recognized Avella as the fastest-growing woman-led company in 2015. In addition, the Arizona Corporate Excellence Awards named Avella Specialty Pharmacy as the second fastest-growing private company based in the state in 2016. For more information, please visit www.avella.com.