Company Now Ranked As #1064, With Three-Year Sales Growth of 298%
Avella Specialty Pharmacy, formerly known as The Apothecary Shops, announced today that they have been named to the Inc. Magazine’s 500|5000 list of fastest growing private companies in America. Avella has jumped 500 spots on the list since 2011 and has been included in this prestigious group of entrepreneurial ventures since Inc. Magazine started the listing in 2006.
“I am continually amazed with the growth of Avella,” said John D. Musil, the company’s CEO and Founder. “We execute on our plans and have grown in a positive way that does not sacrifice our ideals on clinical improvement and quality of care. As a business owner, I could not be happier with our continued progress.”
In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. The companies on this year’s list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. Editor Eric Schurenberg.
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 www.inc.com/5000. Specific details on Avella’s listing can be found at http://www.inc.com/inc5000/profile/the-apothecary-shops.
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.