5th Fastest Growing Internet Technology Company Attributes its 2324 Percent Revenue Growth to Powering Health Search, Content and Advertising for Some of the Biggest Brands on the Web
SAN FRANCISCO--(BUSINESS WIRE)-- Healthline Networks today announced that it ranked number 54 on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009. Healthline grew 2324 percent during this period. In addition, Healthline ranked fifth in the Internet technology category and was the fastest growing of the companies based in San Francisco.
“Healthline is uniquely situated at the confluence of technology, the Internet, and healthcare,” said West Shell III, Chairman and CEO of Healthline Networks. “Layer onto this the roll-out of healthcare reform over the next five years, plus an aging population flocking to the HealthWeb, and the timing couldn’t be better for Healthline to continue experiencing fast growth.”
“Healthline Networks and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, vice chairman and Deloitte’s U.S. technology, media and telecommunications leader. “Deloitte commends Healthline for this impressive accomplishment.”
“Healthline has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™,” said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent.
For additional detail on the Technology Fast 500 including selection and qualifying criteria, visit www.fast500.com.
About Healthline
Healthline Networks is a leading provider of intelligent health information services, enabling 100 million consumers a month to make more confident, informed healthcare decisions. The company's proprietary consumer healthcare taxonomy, the largest of its kind, powers a suite of intelligent health search, content and advertising services. Combining advanced search technology with deep medical expertise, Healthline partners with a network of over 40 trusted destination sites that include publishers, portals, search engines, employers and health plans. Headquartered in San Francisco and ranked #54 in Deloitte’s 2010 Technology Fast 500, Healthline is backed by Aetna, GE/NBC Peacock Fund, Investor Growth Capital, Kaiser Permanente, Reed Elsevier, U.S. News & World Report, and VantagePoint Venture Partners. For more information visit http://www.healthline.com.
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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