Vets First Choice, the Portland-based company that provides online pharmacy services for veterinarian practices, made $83.3 million in revenue in 2016, according to a recent disclosure related to its involvement with Inc. magazine’s list of the 5,000 fastest growing privately held companies in the country.
I usually wouldn’t post an article about a single revenue disclosure, but I’ve written so much about Vets First Choice recently (IPO speculation, historic equity round, acquisitions, etc.) that I think it’s worth it in this case.
Vets First Choice made the revelation in applying for Inc. magazine’s 2017 list of the 5,000 fastest growing privately owned companies in the country, which was released today.
The list, which is based on three-year revenue growth, placed Vets First Choice at #1112 with three-revenue growth of 378%, which means its revenue grew from approximately $17.4 million in 2013 to $83.3 million in 2016.
This is the sixth year in a row the company has made the list. It ranked #1232 last year with 2015 revenue of $60.9 million. It first made the list in 2012 at #30 based on 2011 revenue of $7.5 million, which represented three-year revenue growth of 6,132.62%, according to Inc.
I always make this disclosure when reporting on the Inc. 5,000 list: It is not the definitive list of the fastest growing private companies in the country. It is simply the list of the fastest growing private companies that were willing to pay a fee and reveal their revenue figures to Inc. magazine for consideration.
Other Maine companies that made the 2017 Inc. 5,000 list are SaviLinx (#28), Cirrus Systems (#783), Sound Rink (#836), Apothecary By Design (#854), Coria (#868), Tilson Technology Management (#1517), Landry/French Construction C. (#1715), Municipay (#1987), Maine Coast (#2749), Otto (#3567), and Winxnet (#4082).