Cape Medical Supply Named to Prestigious Inc. 5000 List of America's Fastest Growing Private Companies for Fourth Year in a Row
NEW YORK, Aug. 27 Inc. magazine today ranked Cape Medical Supply NO. 4,179 on its fourth annual Inc. 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-minded entrepreneurs. Music website Pandora, convenience store chain 7-Eleven, Brooklyn Brewery, and Radio Flyer, maker of the iconic children's red wagon, are among the prominent brands featured on this year's list.
"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."
"We continue to be tremendously proud of our team's ability to grow in the face of a difficult economy and dangerous legislative initiatives in healthcare," commented CEO Gary Sheehan. "We continue to work towards aggressive growth and to reaching new patients in new geographies in the months and years to come."
The 2010 Inc. 5000, unveiled today on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. The Government Services sector showed the biggest gain in terms of the number of companies on the list, up 33 percent from last year to 335 companies. Government Services was also the second-fastest-growing sector in terms of median revenue growth, posting a 202 percent gain over the 2006-2009 measuring period. More than half of these companies are based in Maryland, Virginia, and Washington, D.C. The fastest-growing sector by median revenue growth was Real Estate, now just a tiny group of 38 young, small companies, which showed 231 percent median growth over the period. (There were 121 Real Estate firms on the inaugural Inc. 5000 in 2007.) Business Products & Services is the top industry by number of companies on the list (640) and total revenue ($80.7 billion), while Health is the biggest by total employment (287,726 jobs).
Despite the fact that most of this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year's 126 percent. This year's Inc. 5000 employ a record 1.4 million people, up from one million on last year's list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
About Cape Medical Supply, Inc.: Cape Medical Supply is the premiere provider of respiratory care and durable medical equipment in MA. At their headquarters Cape Medical Supply has over 20,000 square feet of warehouse space stocked with home medical equipment and respiratory care goods. The specific products are too numerous to mention, but most fall into the following categories; Home Oxygen Products, Sleep Apnea Products (CPAP/Bi-PAP), Bathroom Safety Equipment, Hospital Beds, Orthopedic Goods (Splints and Braces), Mobility Aids, Seat-Lift Chairs, Aids-to-Daily-Living, Specialty Pillows, and much more.
These products treat conditions from COPD, to Sleep Apnea, to mobility impairment - and many more, and do so at greatly reduced expense to both the patients and healthcare system by providing a safe home environment where the user can rest safely and comfortably. More than the products, Cape Medical Supply takes great pride in the Team Members who work with their patients, customers and referral sources; it is these people, their skill, compassion, dedication and experience that have made Cape Medical Supply the widely recognized leader in the communities they serve. Family owned and operated since 1977, ownership and employees are very active in community affairs and the company takes great pride in their civic involvement and charitable giving.
For more information please visit their website at www.capemedical.com or their online media kit at www.capemedical.com/media-kit
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Recent Awards and Honors:
2010 Cape Cod Chamber of Commerce Business Excellence Award Winner, Healthcare Category
2007, 2008, 2009, 2010 Inc. 5000 Honoree, Fastest Growing Private Companies in the United States
2008 Planned Giving Council of Cape Cod, Outstanding Business
2009 HME Excellence Awards Runner-Up, Best Home Medical Equipment Company in the United States
2009 SCORE/Sandwich Chamber of Commerce, Build a Better Mousetrap Award Winner
2009 NEMED Member of the Year
SOURCE Cape Medical Supply, Inc.
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