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BETHESDA, Md., Oct. 22 -- GetWellNetwork, Inc. today announced that it was named to the Technology Fast 500, Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 20042008. GetWellNetwork grew 246 percent during this period.
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"We are honored to be recognized as one of the fastest growing healthcare technology companies by Deloitte," said GetWellNetwork Founder and CEO Michael O'Neil, Jr. "This tremendous achievement underscores our team's commitment to helping hospitals actively engage patients in the care process to drive performance improvements in quality, service and operations."
"Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate GetWellNetwork on this accomplishment."
"With its impressive five-year growth, GetWellNetwork has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America," said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. "Deloitte is proud to honor GetWellNetwork for its achievement."
Technology Fast 500 Selection and Qualifying Criteria
Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500 website, and public company database research conducted by Deloitte. Technology Fast 500 award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.
Technology Fast 500 award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About GetWellNetwork, Inc.
GetWellNetwork, Inc. is a leading provider of Interactive Patient Care (IPC) solutions. IPC solutions actively engage patients in the care process to drive performance improvements in quality, service, operational efficiencies and new revenue opportunities. Currently operating live at more than 10,000 hospital beds around the country, GetWellNetwork provides patients and families with access to comprehensive education, home-like entertainment options, and convenient services through the in-room television. The solution is powered by a proprietary workflow engine and is exclusively endorsed by the American Hospital Association (AHA). GetWellNetwork, Inc. headquarters are in Bethesda, Maryland. For more information, please call 877.MEET.GWN or visit www.getwellnetwork.com.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
SOURCE GetWellNetwork, Inc.
