Rx News

EnvisionRxOptions Named to Inc. Magazine's 2013 The Inc. 500|5000, An Annual List of America's Fastest-Growing Private Companies

September 12, 2013

TWINSBURG, Ohio--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 is an 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.