Pathway makes Inc. 500 for 2nd year in a row, climbs above 300 locations
Pathway Vet Alliance, a leading national veterinary management group serving pets and their parents throughout the U.S., announced Wednesday the company has been ranked in the Inc. 500 for the second year in a row and the Inc. 5,000 for more than three years running.
Inc. magazine’s annual Inc. 5000, is a list of the fastest-growing privately held companies in the U.S.
This year, the Austin-based veterinary hospital group claimed number 431 on the 2020 Inc. 5000 ranking, with a three-year revenue growth of 1,065 percent. Pathway previously debuted on the list in 2018 at number 1,094, on the list, and last year Pathway was ranked 427.
“We are extremely proud of this tremendous milestone, and it would not have been possible without our entire team’s hard work and dedication,” said Stephen Hadley, DVM and CEO of Pathway Vet Alliance. “While 2020 has been a tumultuous year for many, we’ve adapted and overcome unprecedented changes in our environment, and will continue to do so to ensure we provide the best possible care for the pets we serve and their loved ones who care about them.”
In addition to being featured in the Inc. 5,000, Pathway also announced that the company has added 59 hospitals in the first half of 2020, surpassing the 300th location milestone and adding more than 1,000 team members to Pathway’s national roster.
“Adding more locations not only provides peace of mind for pet parents across the country, but it further increases mobility and advancement opportunities for our team members,” Hadley said.
Founded in 2003 as a single veterinary practice, Pathway has grown both organically and through acquisition. Pathway’s hospitals now provide best-in-class veterinary care to pets and their parents in 37 states.
Since 2017, Pathway has led the industry in growth by adding over 270 hospitals and more than 7,500 employees to its national network, bringing its total number of hospitals to more than 300.
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
About Pathway Vet Alliance
Founded in 2003 and headquartered in Austin, Texas, Pathway Vet Alliance has grown from a single veterinary practice to over 300 locations across the U.S. Pathway’s mission is for its team members to be change agents for good, who support people doing what they love so, together, they can transform the veterinary industry and the world – for the better. Pathway looks for practices and doctors seeking opportunities to grow and provides personalized management support to help them focus on providing the best possible care to their patients. Pathway has differentiated itself by focusing on the unique needs of each practice and partnering with the local team to implement their vision and work with their values. Learn more at https://pathwayvets.com/.
More about Inc. and the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multi-platform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.