FranchiseWorks.com | Home Care Franchise Homewatch CareGivers
Appears on the 2011 Inc. 500/5000 List, Inc. Magazine’s Annual List ofAmerica’s Fastest-Growing Private Companies. Three-Year Sales Growth of 16% Propels In-Home Care Company to its First Appearance on Prestigious List.
Greenwood Village, CO., September 2011 - Home Care Franchise Homewatch CareGivers
, the largest, most experienced international provider of personal in home caregiver services was recognized on the fifth annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.
The acceptance of home care as an alternative to lengthy hospital stays, nursing homes, and other inpatient treatments has seen a steady compounded growth rate of over 8% since 2000, according to the US Bureau of Labor. And according to the US Department of Labor, this growth rate is expected to increase to 10% through 2015 as baby boomers mature and drive the use of Home Care over higher cost inpatient care.
"We are honored to be included on Inc.’s list of the fastest growing private companies," said Leann Reynolds, President of Homewatch CareGivers. “Homewatch CareGivers
has grown significantly over the past couple of years in spite of a challenged economy. Our addition to this prestigious list is a direct reflection of the strength of our systems, our people and business model.”
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remained an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, with Homewatch CareGivers
accounting for 5,469 of those new jobs. The aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
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
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 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
About Homewatch CareGivers
Founded in 1980, Homewatch CareGivers
is a large and highly experienced international provider of full-service home care for people of all ages. Caregivers are triple-screened and continually trained and supervised by healthcare professionals to provide reliable, compassionate, and highly skilled services in companion, personal and comprehensive care. Home care services are personalized for each client and customized care plans are administered through an international network of 113 franchise owners with 191 territories in 36 U.S. states including 17 international territories. Each office is locally owned and dedicated to ensuring quality of life for clients and peace of mind for their loved ones. Call 1-800-777-9770, visit www.homewatchcaregivers.com
for company and caregiver information, or learn more at http://www.youtube.com/watch?v=UwSRiMuM2DA
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com
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