(JACKSON, MI) Dec. 28, 2012 – Great Lakes Caring Home Health and Hospice, one of the one of the most trusted and highest ranked (by medicare.gov/homehealth) home health and hospice providers in the Midwest, announced that Inc. magazine ranked the company the third fastest growing health care company in Michigan on its sixth annual Inc. 5000 listing, an exclusive ranking of the nation’s fastest-growing private companies.
In the Midwest, Great Lakes Caring was ranked the sixth fastest growing health care company operating in Indiana, Michigan and Ohio with a three-year growth rate of 264%. The Inc. 5000 list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.
“Following an industry downturn in the second quarter of 2011 related to Medicare regulatory changes, we were able to post a 21 percent increase in our fourth-quarter admissions,” said Great Lakes Caring CEO William L. Deary.
He attributes this substantial growth to Great Lakes Caring’s exceptional leadership team, dedicated clinicians providing superior quality health care, and every employee working to exceed the expectation of referral sources, and most importantly, the patients they serve every day.
“We have consistently invested significantly in the tools and technology necessary for our staff to provide the absolute best care to those patients we are honored to serve. We have the entire continuum of health care in the home and facility environment—home health care, palliative care, hospice care and home medical equipment.
“Our referral partners are confident in knowing that we understand their needs, and have trained clinical staff to exceed those needs specific to measured quality outcomes, regulatory compliance, seamless transitions, and avoiding un-necessary rehospitalizations,” said Deary.
Currently, Great Lakes Caring employs over 1100 people in Indiana, Michigan and Ohio. Since 2006, its geographical coverage area has grown more than five times while the employee base has more than tripled, with the addition of seven offices in the Great Lakes Region. It services a total of 78 counties: 38 in Michigan; 31 in Indiana; and nine in Ohio.
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.
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 http://www.inc.com/5000.
“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.
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 were 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.
Great Lakes Caring is one of the Midwest’s premier providers of a continuum of care, consisting of home health, palliative care, and hospice care, as well as home medical equipment. Its care services are delivered with an unparalleled level of superior quality by an exceptionally dedicated team of health care professionals to more than 7,000 patients across Michigan, Indiana and Ohio. Our intimate approach to caring for our patients, along with our extraordinary pursuit of next generation health care technologies and innovative care services, drives more than 3,000 loyal physicians to entrust their patients’ care to Great Lakes Caring.