With three-year revenue growth of 14,000 percent, Care+Wear joins the ranks of Microsoft, Patagonia, Under Armour and other successful companies
NEW YORK, NY– Inc. magazine today revealed that Care+Wear ranked number 20 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. Among this year’s 5,000 honorees, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
“This last year proved what we at Care+Wear have known all along: the healthcare industry needs to adapt to the needs of patients and clinicians alike through innovation and creativity, reimagining healthcare products like never before. We are honored by Inc.’s recognition of our small but mighty team’s hard work and passion, resulting in the incredible growth we have seen in the past few years,” said Chaitenya Razdan, Founder and CEO of Care+Wear. “When I founded Care+Wear, I had one goal: to change the way the world looks at and feels about healthcare by creating products that make patients and clinicians alike feel more human. Only through the trust and support of our community members have we been able to achieve our success. We started with one product – a PICC line cover for cancer patients receiving ongoing treatment – and now offer products like port access tops, post-surgical bras, NICU onesies, and scrubs, all created alongside our incredible community of medical professionals, patients, launderers, designers, and more. We look forward to continually serving our community.”
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.
Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. 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/inc5000.
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About Care+Wear
Care+Wear is a healthwear company that is reimagining how the world looks at and feels about healthcare. By bridging fashion and function, Care+Wear is creating a more human healthcare experience for both patients and clinicians. Founded in 2014, Care+Wear works to promote dignity, style, and comfort through the creation of thoughtful products, designed in collaboration with clinicians, patients, designers, and manufacturers. Their suite of products includes post-surgical recovery bras, PICC line covers for chronic care patients, Oscar de la Renta port-access hoodies, patient gowns, Care+Wear x N Natori scrubs collection, PPE and more. Care+Wear products are used in more than 80 hospital systems and governments globally, including the Mayo Clinic, Department of Veterans Affairs, University of Virginia Health, Massachusetts General Brigham’s, Kaiser Permanente, and more. For more information, visit www.careandwear.com.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Vision Conference, visit http://conference.inc.com/.
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