Inc. recognizes HME on 5000 list

Thursday, August 18, 2016

NEW YORK – The HME industry continues to make its mark on Inc. Magazine's 35th annual 5000 list of fastest growing privately held companies in the country.

At No. 3395, Cape Medical Supply in Sandwich, Mass. has been named to the Inc. 5000 list for the seventh year.

“Making this list once is an honor, but making it seven times is incredible,” said Gary Sheehan, president and CEO, in a release. “It is a true team effort proving that our strategy is solid, and that our team’s incredible execution is winning us market share and fueling sustainable growth.”

Over the last three years, Cape Medical Supply has scaled its sleep therapy business, expanding its reach in Maine, Rhode Island, New Hampshire and Central Massachusetts. The result: 96% revenue growth.

This year also marks Carolina’s Home Medical Equipment’s 5th time on the list. The Matthews, N.C.-based company, at No. 4454, successfully took on more than 10,000 new orders last year and has more than doubled its staff over the past five years.

Inc. also ranked Ashville, N.C.-based Aeroflow Healthcare for the second year in a row. Coming in at No. 3100, Aeroflow Healthcare is on track to have a record year in sales and has added 40 jobs so far this year. In 2015, Aeroflow reported revenues of $51 million.

Home Oxygen Company, a respiratory services provider in Modesto, Calif., took No. 3343.

“Since our doors opened, we have enjoyed double-digit growth year-over-year with high patient satisfaction levels,” said Andrea Ewert, CEO, in a release.