Forbes List 24 Hour Home Care as One of America’s Most Promising Companies
24hr HomeCare has been listed at No. 27 on FORBES annual ranking of America’s Most Promising Companies! This is a list of one hundred privately held, high-growth companies with bright futures. This was the second annual list for FORBES, and 24 Hour Home Care is the only home care company listed in the top 100. The full list is available at Forbes.com.
“We are so honored to be named one of America’s Most Promising Companies, and on top of that, to be #27 on a list of phenomenal businesses is great feeling,” said CEO and one of FORBES Most Promising CEOs Under 35, David Allerby. “Each and every one of our employees has contributed to the growth and success of our business. I know I speak for my business partners, Ryan Iwamoto and Tyner Slay when I say that we are only as good as the people that work for our company, and this accolade is a true reflection of that. I am so excited to share this news with all of the employees.”
For the Most Promising list, FORBES strove for a holistic gauge of young, privately-held companies, trying to pin down their trajectories by looking at a slew of variables. Over the course of six months, FORBES reviewed thousands of applications. The final assessment is based on growth (both in sales and hiring), quality of management team and investors, margins, market size and key partnerships. FORBES turned to CB Insights, a Manhattan-based data research firm that specializes in assessing private companies, to refine the search. Their MOSAIC software scans 45,000 sources to measure a company’s health. A new distribution deal, for example, marks a positive signal, while the loss of an executive is a negative. MOSAIC gathers those myriad signals into a final score that FORBES uses as an initial guide in producing the list. After verifying sales numbers, speaking with each company and debating their merits and blemishes, FORBES produces a final ranking.