Health Union Ranked No. 162 Fastest Growing Company in North America on Deloitte’s 2018 Technology Fast 500™
—Attributes 622 percent revenue growth to dedication to putting people first—
PHILADELPHIA — November 15, 2018 — Health Union today announced it ranked No. 162 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America.
With a three-year growth of 622 percent, Health Union ranks among the top third of the list, which includes companies from various industries, such as digital content, software and biotechnology. The company, which applied to the program for the first time this year, ranks:
- First among companies headquartered in the city of Philadelphia
- Fifth in the Philadelphia metro area
- Among the 20 percent of listed companies that has never received venture capital or private equity funding
Health Union has experienced exponential growth since launching its first community – Migraine.com – in late 2010. Today, Health Union manages 19 condition-specific online communities (with more to come) that provide safe and supportive environments for people to learn, connect and share experiences of life with chronic health conditions. Simultaneously, these communities enable healthcare companies to create smarter, more effective solutions to meet patient needs.
“Health Union’s impressive growth can be directly linked to our mission to help people live better with challenging health conditions,” said Health Union co-founder and CEO Olivier Chateau. “This has helped us to build both a first-of-its-kind sustainable online community model that puts people first and maintain a consistent culture within our team that inspires them to make a real difference for all the people in our communities.”
Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.
Winners of Deloitte’s Technology Fast 500 are selected based on percentage fiscal year revenue growth from 2014 to 2017. To be eligible for 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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.