More than two dozen North Texas companies within the health sector made this year’s Inc. 5000 list, another sign of the industry’s economic standing in the region.
The annual list ranks companies who submit their information by three-year revenue growth rate, and the rates get pretty silly for some of the top dogs. The fastest growing company on the list is Madison, Wisconsin-based logistics company SwanLeap, which grew by 75,661 percent over the last three years to reach 2017 revenue of $99 million.
Rankings based purely on growth percentage inherently favor smaller organizations. No. 1 among DFW companies within the health sector, for instance, is ExcelHealth, a Southlake-based firm that develops muscle stimulators. ExcelHealth grew by 2,652 percent over the last three years, putting it at a 2017 revenue of $4.5 million and No. 160 on the Inc. 5000.
It’s hard to judge that acceleration against companies like Dallas-based medical services provider Paragon Healthcare, which grew by 160 percent—good enough for No. 2,637 on the list—to $243.9 million.
Regardless, the list acts as a barometer for movers and shakers. And the best part: We get a sense of the scale. To make the list, you have to give up the goods. Revenue figures that many of these private companies otherwise wouldn’t share become public.
Let’s take a look at the health-related DFW companies on Inc.’s 2018 list of the 5,000 fastest growing companies in the U.S.:
160. ExcelHealth
Headquarters: Southlake
Growth: 2,652 percent
Revenue: $4.5 million
201. Acuity Surgical
HQ: Dallas
Growth: 2,233 percent
Revenue: $6.2 million
243. Access Physicians
HQ: Access Physicians
Growth: 1,985 percent
Revenue: $11.1 million
662. Payer Compass
HQ: Plano
Growth: 761 percent
Revenue: $9.9 million
1042: Primal Health
HQ: Allen
Growth: 472 percent
Revenue: $30.3 million
1062. Alliance Family of Companies
HQ: Irving
Growth: 464 percent
Revenue: $74.6 million
1148. Hope Pediatrics
HQ: Dallas
Growth: 428 percent
Revenue: $22.2 million
1260. Lightbeam Health
HQ: Irving
Growth: 385 percent
Revenue: $16.2 million
1475. Access Healthcare Services
HQ: Dallas
Growth: 318 percent
Revenue: $79.3 million
1945. HealthMark Group
HQ: Dallas
Growth: 231 percent
Revenue: $5.8 million
2411. Formulife
HQ: Allen
Growth: 179 percent
Revenue: $23.6 million
2569. DECA Dental Group
HQ: Dallas
Growth: 166 percent
Revenue: $77.1 million
2594. Dental Warranty
HQ: Irving
Growth: 164 percent
Revenue: $3.5 million
2637. Paragon Healthcare
HQ: Dallas
Growth: 160 percent
Revenue: $243.9 million
3073. Pharmaceutical Strategies
HQ: Plano
Growth: 130 percent
Revenue: $38.3 million
3114. LiquidAgents Healthcare
HQ: Plano
Growth: 127 percent
Revenue: $57.7 million
3135. freshbenies
HQ: McKinney
Growth: 126 percent
Revenue: $7.9 million
3261. Adaptive Medical Partners
HQ: Irving
Growth: 121 percent
Revenue: $4.1 million
3296. Tusk Enterprises
HQ: Arlington
Growth: 118 percent
Revenue: $40.2 million
3310. SYNERGEN Health
HQ: Dallas
Growth: 118 percent
Revenue: $9.4 million
3442: Pediatric Home Healthcare
HQ: Dallas
Growth: 111 percent
Revenue: $31.8 million
3565. Foreman Therapy Services
HQ: Dallas
Growth: 105 percent
Revenue: $15.5 million
3961. THMED
HQ: Dallas
Growth: 90 percent
Revenue: $40 million
4407. Maxim Management Group
HQ: Frisco
Growth: 75 percent
Revenue: $17.3 million
4588. Homecare Homebase
HQ: Dallas
Growth: 70 percent
Revenue: $134.4 million
4669. Goldfish Medical Staffing
HQ: Plano
Growth: 67 percent
Revenue: $25.3 million
4708. Oceans Healthcare
HQ: Plano
Growth: 66 percent
Revenue: $109.6 million
