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Healthline Networks Ranked 75th Fastest Growing Company in North America on Deloitte's 2011 Technology Fast 500(TM)Attributes 1,475 Percent Revenue Growth to Powering Health Search, Content and Advertising for Leading Payors, Publishers and Health Technology Brands (October 25, 2011)
SAN FRANCISCO, CA -- (Marketwire) -- 10/25/11 -- Healthline Networks today announced it ranked 75th on Technology Fast 500, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Healthline Networks grew 1,475 percent during this period. Healthline also ranked 14th in the Internet industry and is the second fastest growing of the companies based in San Francisco.
Healthline Network's president, Dean Stephens, credits its health search business, which expanded this year with the visual search platform, Healthline BodyMaps; strong technology licensing partnerships with top healthcare companies like GE healthymagination, Aetna and Elsevier; and advertising for some of the largest brands on the Web, with the company's 1,475 percent revenue growth.
"To be among the fastest growing companies for two years running has special meaning for our team, and being based in San Francisco, we are particularly proud to be ranked second among technology firms located here," said Dean Stephens, COO, Healthline Networks. "This recognition is testimony to our ability to build relevant solutions that address the challenges of an evolving healthcare marketplace and improve consumer health. We feel we've only just begun, and we're confident about sustaining our strong growth and profitable profile."
Healthline Networks previously ranked 54th as a Technology Fast 500 award winner for 2010.
Overall, 2011 Technology Fast 500 companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.
About Deloitte's 2011 Technology Fast 500
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Healthline Networks
Healthline Networks is the fastest growing 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 more than 50 trusted destination sites that include publishers, portals, search engines, employers and health plans. Headquartered in San Francisco and named to Deloitte's Technology Fast 500 in 2010 and 2011, 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.
Dotted Line Communications for Healthline Networks
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