LANSING, Mich., Sept. 5 /PRNewswire/ -- Leading health care risk management and insurance provider FinCor Holdings, Inc. has made the first- ever Inc. 5,000 list of the fastest-growing private companies in the U.S. Inc. reported FinCor had an impressive three-year growth rate of more than 74 percent on revenues of $52.8 million.
From 2003 to 2006, FinCor saw an increase in revenue of 74.1 percent, to $91.9 million in 2006. FinCor was ranked 3,740 overall, and 26th relative to other insurance companies on the Inc. 5,000 list. The Company was also among the top 10 in revenue in the insurance category.
FinCor is a privately held Lansing, Mich.-based provider of medial professional liability insurance and integrated risk management products and services for health care providers and institutions. In recent years, the Company has aggressively expanded into several key markets, while strategically building out its product lines. As a result of this approach, FinCor has maintained its strong year-over-year growth while in the midst of a "softening" insurance market.
The Inc. 5,000, an extension of Inc. magazine's annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms.
"The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy - the entrepreneurial part," said Inc. 5,000 project manager Jim Melloan. "The expansion of the list has allowed us to tell the stories of larger companies, older companies and a wealth of companies in industries that are underreported in the business media."
The 2007 Inc. 5,000 list measures revenue growth from 2003 to 2006. To qualify, companies had to be U.S.-based and privately held, independent - not subsidiaries or divisions of other companies - as of Dec. 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
"The Inc. 5,000 is a performance measurement for new companies who can make great leaps in revenue growth year-over-year," said Tom Dickinson, president and CEO of FinCor Holdings. "FinCor is a well-established 31-year- old company. The fact that we are cited among the fastest-growing companies in the U.S. is a point of pride, as top rankings in revenue growth are harder to achieve for an older company with a large, existing revenue base."
About FinCor Holdings
FinCor Holdings, Inc. is a Lansing, Mich.-based integrated risk management company focused on meeting the risk financing, risk transfer and clinical risk management needs of today's health care providers. FinCor Holdings and its subsidiaries - FinCor Solutions, The Risk Management and Patient Safety Institute, MHA Insurance Company, Washington Casualty Company and Capital Risk Solutions - provide industry-leading products and support services, including medical professional liability insurance, alternative risk programs, workers' compensation and risk management solutions.
For more information, visit www.fincorholdings.com
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