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TMCNet:  EnvisionRxOptions Named to Inc. Magazine's

[August 20, 2014]

EnvisionRxOptions Named to Inc. Magazine's "The Inc. 500|5000" List of America's Fastest-Growing Companies for Second Consecutive Year

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 annual Inc. 500|5000, a ranking of the nation's fastest-growing private companies. This marks the second consecutive year that Envision has made the esteemed list, this year coming in at position 1,983 on the respected list.

"While we are gratified to be recognized by Inc. for our impressive growth, it is more satisfying that we are growing our business by meeting client commitments and delivering excellent service to our customers, while providing more opportunities to our employees," said Frank Sheehy, CEO of Envision. "With the backing of TPG, we are also well-positioned for continued growth in the coming years. I and my management team want to thank our employees who have made Envision the successful company it is today."

Envision's revenue was $3.64 billion in 2013, up from $1.19 billion in 2010, which is an impressive 205% three-year growth rate. Envision's 2013 revenues were the third highest among all Inc. 5000 companies, and first among all Ohio Inc. 5000 companies. Over the same three-year period, Envision also created more than 350 new jobs.

About the Inc. 500|5000

The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success.

Methodology


The 2014 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2013. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2010 is $100,000; the minimum for 2013 is $2 million. 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 http://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. A portfolio company of TPG, a leading global private investment firm with more than $59 billion of assets under management, Envision is part of a group of healthcare management companies owned and operated by Envision Pharmaceutical Holdings LLC (EPH), a privately held company with consolidated revenues in excess of $4 billion. EPH subsidiaries include Envision Insurance Company, a fully insured provider of Medicare Part D Plans nationally, Envision Medical Solutions, LLC, an administrator of prescription savings plans and Prescription Savings Cards, Orchard Pharmaceutical Services, LLC, a full-service mail-order and specialty drug pharmacy, and Design Rx, LLC the market leader in pharmacy services for infertility and fertility. Envision, which was founded on a commitment to provide full transparency and disclosure in the PBM marketplace, employs a transparent, pass-through business model in which 100% of earned rebates, discounts, and incentives are instantly credited at the point of sale to customers, and for which Envision charges a low, flat monthly management fee for most services. This translates into significant savings for the company's more than 13 million covered individuals. Envision 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 visit www.envisionrx.com or call 800-361-4542.


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