Amerisource Makes 2002 Inc. 500 List
Release date: October 2, 2002
Houston, TX – Amerisource announces that Inc. magazine has named it to its Inc. 500 list for fiscal year 2001.
The Inc. 500, published by Inc. magazine, is an annual index of the 500 fastest growing private companies in the United States. The index measures revenue growth over the previous four-year period. With revenues in excess of $102 million in fiscal year 2001 and revenue growth of 545 percent (545%) over the four-year period, Amerisource was honored in the October issue of Inc. magazine as #435 on the list.
Michael Monk, Managing Director of Amerisource, commented on the award “Well, it is certainly a tremendous honor to receive this award. This is what we work for every day. This award is really special for us. Our corporate slogan is Freedom to Grow®. That’s what we provide our clients — Freedom to Grow®, and it’s no coincidence that our success is directly related to the countless successes of all of our clients. This is really a terrific validation for our company.”
Mr. Monk continued “We’re lucky that the list isn’t called the Inc. 400. We don’t expect the same growth going forward. When we were a smaller firm, achieving 50-100 percent annual growth was easy for us. That sort of growth is very difficult to maintain as revenues increase. If you look at the other 499 companies on that list, we’re #25 in absolute revenues for 2001. Our future annual growth rate will likely be closer to the 10-20 percent range.”
Jaylene Cyr (713) 863 8300 Ext. 239