Based on Fiscal Year 2015 to 2018 Revenue, Definitive Healthcare Grew 413%
FRAMINGHAM, MA – November 7, 2019 – Definitive Healthcare, the leading provider of data, intelligence, and analytics on the healthcare provider market, today announced it ranked #267 on Deloitte’s Technology Fast 500 TM list, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, software, and energy technology companies in North America. Based on fiscal year 2015 to 2018 revenue, Definitive Healthcare grew 413% during this three-year period.
In 2018 alone, Definitive Healthcare brought in 600 net new clients and the company now serves more than 2,500 customers, including 9 out of 10 of the U.S.’ top pharmaceutical, medical device, healthcare IT, and staffing companies. In addition, Definitive Healthcare expanded its talent base by adding more than 125 employees in 2018 and is on track to add 100 more by the end of 2019. Since 2015, Definitive Healthcare has expanded its product offering with the acquisition of three companies: U.S. Lifeline (2015), Billian’s HealthDATA (2016), and most recently the data services portion of HIMSS Analytics (2019).
“We are incredibly excited about the growth of Definitive Healthcare and appreciate the meaningful recognition by Deloitte for the third year in a row," said Jason Krantz, CEO of Definitive Healthcare. "With 365 dedicated team members and an unwavering customer-focused strategy, we have been able to expand our data and analytics platform to meet the needs of our 2,500+ customers in a rapidly changing healthcare landscape. We are committed to helping our clients understand the complex healthcare market, so they can improve their market penetration and identify opportunities to grow their businesses.”
This is the third consecutive year Deloitte recognized Definitive Healthcare in its Technology Fast 500™. Definitive Healthcare previously ranked #152 in 2017 (with 707% 3-year revenue growth), and #184 in 2018 (with 528% 3-year revenue growth).
“When you’re a smaller business, it’s easier to experience higher rates of growth. Over the past three years, Definitive Healthcare has grown to surpass the $100 million mark, so we are incredibly proud to secure placement on Deloitte’s Fast 500 list yet again, particularly as we scale upward,” said Krantz.
Earlier this year Definitive was recognized, for the third consecutive year, for rapid growth by INC. 5000 in its list of fastest-growing private companies in the U.S., and by the Boston Business Journal in its Fast 50. The Boston Business Journal also recently listed Definitive Healthcare as 2019's #1 Best Place to Work in Massachusetts (Large Companies).
“Recognition from businesses like Deloitte is always an honor, and validates our company's commitment to innovation,” Krantz continued. “In 2020, we are committed to expanding our product offerings based on our customers’ needs, as we continue to launch new, relevant, and integrated data assets and analytics offerings. Every day, we are focused on building the insights that ensure our customers, old and new, can reach their market potential.”
About Definitive Healthcare
Definitive Healthcare is the leading provider of data and intelligence on hospitals, physicians, and other healthcare providers. Its product suite provides the most comprehensive and highest quality data available anywhere on 8,800 hospitals and IDNs; 148,000 physician groups; 1.7 million physicians, nurses, and allied health professionals; 11,200 ambulatory surgery centers; 14,600 imaging centers; 91,600 long-term care facilities; 40,000 clinics; 1,400 ACOs and HIEs; more than 4 billion commercial medical and Rx claims; 115,000 clinical trials; and 900 Canadian hospitals. The company’s data provides its 2,200+ clients with the analytics and insight needed to effectively segment and research the healthcare provider market. Definitive Healthcare is backed by 22C Capital, Advent International and Spectrum Equity. For more information, or to trial the service, visit https://www.definitivehc.com/.
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