The Tennessean reported today that Simplex Healthcare will expand its headquarters in Cool Springs, bringing more jobs to the Williamson County area in a story entitled ” Health Care Company Plans Cool Springs Expansion, 300 More Jobs”.
Inc. magazine has also named Simplex Healthcare, Inc. number 335 on its 28th annual Inc. 500, a renowned ranking of the nation’s fastest-growing private companies. Simplex Healthcare was also recognized by Inc. as the top company for growth in the Nashville-Davidson-Murfreesboro-Franklin area, as well as 31st within the health category.
Founded in April 2007, Simplex Healthcare provides home delivery of medical supplies to help patients with diabetes. Since its founding, the company has grown organically from serving 20,000 patients to more than 180,000 patients today.
“If you want to know which companies are going to change the world, look at the Inc. 500,” said Inc. editor Jane Berentson. “These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”
The list represents the most comprehensive look at the most important segment of the economy — America’s independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Under Armour, Jamba Juice, American Apparel, Oracle, and hundreds of other powerhouses gained early exposure as members of the Inc. 500.
“It is a tremendous honor for Simplex not only to have earned a spot on the Inc. 500 list this year, but to be recognized as the fastest-growing company in Middle Tennessee,” said Douglas Hudson, CEO of Simplex Healthcare. “As we continue to grow and add more jobs, we will be forever grateful to the employees whose hard work and determination have gotten us to this day. The Inc. 500 award is a true testament to their achievements. Our employees have made this a great place to work and their passion for providing superior service to patients is the key to our continued success.”
The 2009 Inc. 500, unveiled in the September issue of Inc. magazine (available on newsstands August 17 to November 15) and on Inc.com, reported aggregate revenue of $18.4 billion — up significantly from last year’s $13.7 billion — and a median three-year growth rate of 880.5 percent. The companies on this year’s list are also responsible for creating more than 55,000 jobs since their founding, making the Inc. 500 perhaps the best example of the impact private, fast-growing companies can have on the overall U.S. economy. The largest company on the list, flat-panel-TV maker Vizio, broke the $2 billion revenue mark. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.
About Simplex Healthcare
Simplex Healthcare is based in Brentwood, Tennessee and provides home delivery of medical supplies to help patients with diabetes. Simplex secured $50 million in venture capital from New Enterprise Associates and acquired Diabetes Care Club in September 2007. Prior to the acquisition, DCC employed 35 associates and had a patient base of 20,000 patients with diabetes.
Diabetes Care Club (DCC), a Simplex brand, has grown to become the third largest mail order supplier of diabetic testing supplies for seniors. The Company’s growth has been rapid, as it now employs more than 300 associates and serves more than 180,000 patients. Additionally, DCC has expanded their line of products that address the complications of diabetes.
The diabetes epidemic in the United States has continued to accelerate with over 1.5 million new cases being diagnosed annually and by 2050, an estimated 48 million Americans will have type 2 diabetes.