|[August 27, 2013]
EnvisionRxOptions Named to Inc. Magazine's 2013 The Inc. 500|5000, An Annual List of America's Fastest-Growing Private Companies
TWINSBURG, Ohio --(Business Wire)--
EnvisionRxOptions, a national, full-service pharmacy benefit management
(PBM) company, today announced that it has been named to Inc.
magazine's seventh annual Inc. 500|5000, a ranking of the nation's
fastest-growing private companies. Envision's impressive 288% three-year
sales growth placed it at 1397 on the prestigious list.
"We are extremely proud to be named to the Inc. 5000, which validates
our fully-transparent, pass-through PBM business model," said Kevin
Nagle, CEO of Envision. "I want to thank all of our employees for their
hard work and dedication which has made our tremendous growth possible,
and is especially impressive given an uneven economy. I look forward to
the company's next chapter of growth."
Envision's revenue was $2.7 billion in 2012, up from $704.4 million in
2009. Over the same three-year period, Envision created more than 325
new jobs. Its 2012 revenues rank it among the Top 10 Largest Inc. 5000
Companies in ninth place. Envision also ranked 46 in Inc.'s listing of
the Top 100 Ohio companies.
Envision announced that it signed a definitive agreement to be acquired
by TPG, one of the world's leading private investment firms, on July 8,
2013. The transaction is expected to close in the fourth quarter of 2013.
The Inc. 500|5000 list represents the most comprehensive look at the
most important segment of the economy-America's independent
entrepreneurs. In a stagnant economic environment, the median growth
rate of 2013 Inc. 500|5000 companies isan impressive 142 percent. The
companies on this year's list report having created over 520,000 jobs in
the past three years.
"Not all the companies in the Inc. 500 | 5000 are in glamorous
industries, but in their fields they are as famous as household name
companies simply by virtue of being great at what they do. They are the
hidden champions of job growth and innovation, the real muscle of the
American economy," says Inc. magazine Editor Eric Schurenberg.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth
when comparing 2009 to 2012. To qualify, companies must have been
founded and generating revenue by March 31, 2009. They had to be
U.S.-based, privately held, for profit, and independent-not subsidiaries
or divisions of other companies-as of December 31, 2012. (Since then, a
number of companies on the list have gone public or been acquired.) The
minimum revenue required for 2009 is $100,000; the minimum for 2012 is
$2 million. 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.
About Envision Pharmaceutical Services
Established in 2001, Envision Pharmaceutical Services
(EnvisionRxOptions) is a national, full-service pharmacy benefit
management (PBM) company. The company is part of a group of healthcare
management companies owned and operated by Envision Pharmaceutical
Holdings, Inc. (EPH), a privately held company. EPH subsidiaries include
Envision Insurance Company, a fully insured provider of Medicare Part D
Plans nationally, Envision Medical Solutions, Inc., an administrator of
prescription savings plans and Prescription Savings Cards, Orchard
Pharmaceutical Services, Inc., a full-service mail-order and specialty
drug pharmacy, and Design Rx, the market leader in pharmacy services for
infertility and fertility. Envision Pharmaceutical Services, Inc. was
founded on a commitment to provide full transparency and disclosure in
the PBM marketplace. The Company has been awarded the Utilization Review
Accreditation Commission (URAC) accreditations for PBM and Drug Therapy
Management annually since 2007. Envision is headquartered in Twinsburg,
OH, with offices in Fort Lauderdale, FL; Tampa, FL; Canton, OH; El
Dorado Hills, CA (News - Alert); and Ogden, UT. For more information about Envision
or call 800-361-4542.
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