CHARLOTTE, N.C., Aug. 17, 2016 (PRNewswire) — Carolina’s Home Medical Equipment, Inc. (www.chmei.com), a leading provider of durable medical equipment, announced today its inclusion to the Inc. Magazine 2016 Inc. 5000 list, an exclusive ranking of the fastest-growing private companies in America. With this honor, Carolina’s HME joins the elite Inc. 5000 Honor Roll of companies that have made the list five or more times. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. Carolina’s HME joins Yeti Coolers, Square and Dollar Shave Club among other prominent brands featured on this year’s list.
This achievement marks a significant accomplishment for Carolina’s HME, which has shown strong growth since its inception in 2003. The company successfully took on over 10,000 new orders in 2015 and has more than doubled its staff over the past five years.
“We are delighted to have made this prestigious list for the fifth consecutive year,” said Frank Trammell, CEO of Carolina’s Home Medical Equipment, Inc. “Many thanks to our trusted referral sources and our dedicated staff. Without them this certainly would not have been possible.”
The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 23) is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. 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/inc5000.
“The Inc. 5000 list stands out where it really counts,” says Inc. President and Editor-In-Chief Eric Schurenberg. “It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails.”
The annual Inc. 5000 event honoring all the companies on the list will be held from October 18 through 20, in San Antonio, TX. Speakers include some of the greatest entrepreneurs of this and past generations, such as best-selling author and strategist Tony Robbins, SoulCycle co-founders Elizabeth Cutler and Julie Rice, Cornerstone OnDemand founder, president and CEO Adam Miller, Marvell Technology Group director and co-founder Weili Dai, and New Belgium Brewing co-founder and executive chair Kim Jordan.
About Carolina’s Home Medical Equipment, Inc.
Founded in 2003, Carolina’s Home Medical Equipment, Inc. is a private, for-profit North Carolina corporation serving the greater Charlotte, NC area. Carolina’s HME specializes in respiratory and mobility equipment including power wheelchairs, CPAP and Oxygen therapy. Carolina’s HME improves the health of its patients in a manner that distinguishes them in the durable medical equipment industry. In summary, they treat every customer as if they were family.
Carolina’s Home Medical Equipment ranked number 342 overall in Health by Inc. Magazine in 2015, number 349 in 2014, number 299 in 2013, and number 231 in 2012.
More about Inc. and the Inc. 500|5000
Methodology
The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 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 https://www.inc.com/inc5000.