Southern Diagnostic Laboratories, a clinical and pathology laboratory located in the Southeast, has been named to the 2010 Inc. 5000 list of America's Fastest Growing Private Companies. The company was ranked #2115 with a 123% growth rate in its first appearance on the magazine's annual list.
"We are honored to be included in this year's Inc. 5000 list of the fastest growing companies," commented Steve Boyd, President and CEO of Southern Diagnostic Laboratories. "Our dedication to quality healthcare continues to afford us with growth opportunities in our existing markets as well as new markets. Our ability to sustain substantial growth year after year is a testament to the professionalism of our entire staff."
The 2010 Inc. 5000, unveiled today on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. Despite the fact that most of this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year's 126 percent.
"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."
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