In Inc.’s list of America's 5000 fastest growing companies, health-related companies made a solid showing. In the top 100 of those companies, nine of them hailed from the healthcare sector. Topping the list were companies involved with electronic health records (EHR). The HCI Group, which specializes in EHR, came in in the third slot in the overall list, having achieved an impressive three-year growth rate of 24,545% with $25.5 million in revenue. The top medical device-related company was iSirona, which works to integrates medical device data into EHRs.
The top pure-play medical device company was New Wave Surgical designs, which makes devices for laparoendoscopic surgery. New Wave Surgical (Pompano Beach, FL) was ranked as the fastest growing surgical device manufacturer on Inc. Magazine’s Top 500 Fastest Growing Companies in America. In the healthcare category, the company was ranked as #17.
New Wave Surgical was founded six years ago. As of now, the company's D-HELP technology is used in more than 1,000 hospitals. By the end of this year, the company estimates that the D-HELP system will have been used in over one million procedures.
D-HELP is a specialized device that keeps laparoscopic and robotic lenses in good condition. The device can heat, defog, protect and clean lenses. As a disposable system, D-HELP can provide both surgeons and healthcare staff with optimum visualization during surgery.
"Our growth over the past few years has been incredible," notes Andrew B. Widmark, chairman of the board. "We've grown to the 100-employee mark and we've recently moved to a new, expanded facility. I'd like to thank all our employees. Their dedication has made this outstanding achievement possible."
In addition to domestic growth, New Wave Surgical is pursuing expansion into international markets. This includes Latin America, Asia and Europe.
Another one of the top medical device companies on the list is Vista Imaging Services, which develops mobile fluoroscopy systems and related services for radiology technologists. The company has achieved a three-year growth rate of 379%. In 2012, its revenue were $22 million—up from $4.6 million in 2009.
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