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Burkburnett, Texas — August 20, 2024 — HomeWell Franchising Inc., the parent company of HomeWell Care Services and a leader in non-medical home care, has been recognized for the fourth consecutive year in Inc. Magazine’s prestigious Inc. 5000 rankings. This honor underscores the franchise’s remarkable 131% growth over the past three years, including the addition of 32 new franchise owners, the opening of 18 new locations, and expansion into 35 new territories in 2023 alone.
Related: HomeWell Franchising Celebrates Record-Setting Results from 2023
“Being ranked in the Inc. 5000 for another year is a tremendous honor and a testament to our ongoing progress,” says Crystal Franz, CEO of HomeWell Franchising. “2023 was a transformative year for us, marked by record-breaking growth and significant milestones. Welcoming 32 new franchise owners—the highest in our history—and expanding our footprint with a 30% increase in operating agencies highlight our achievements. This recognition is a celebration of the dedication of our entire HomeWell family and our unwavering commitment to empowering franchisees with the tools and support they need to succeed.”
The Inc. 5000 provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. The 2024 class represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges.
“To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller,” says Mike Hofman, Inc.’s editor-in-chief. “Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
HomeWell’s inclusion in the Inc. 5000 for four consecutive years reflects not only its adaptability in a dynamic market but also its commitment to leading the non-medical home care sector. By aligning with industry trends and responding to the growing demand for quality in-home care, HomeWell has solidified its position among the nation’s elite private companies—a trend the company’s leadership is determined to continue.
“Our growth is a direct result of the passion and dedication of our franchise owners and the trust their clients place in their care,” says Mike Condon, VP of Franchise Development at HomeWell. “As we expand, it is crucial that we continue providing robust support to our network of owners. This recognition inspires us to continually strive for excellence, ensuring both new and seasoned franchisees have the resources they need to thrive and continue our momentum into the future.”
As of August 15, 2024, HomeWell Franchising is on track for another impressive growth year, having signed 23 new franchise owners—13 of whom signed in just the second quarter—including two in New Hampshire and South Carolina, both new states for HomeWell’s geographical footprint. Meanwhile, 22 locations have opened nationwide, already setting a new annual record for the franchise’s ever-growing footprint.
Looking to the future, HomeWell’s executive leadership team is excited to build on its momentum and continue supporting its agencies in delivering trusted care with true compassion to communities nationwide.
About HomeWell Franchising:
HomeWell Care Services®, franchised by HomeWell Franchising Inc., provides personal care, companionship, and homemaker services for seniors and other homebound individuals so they can remain safely in the comfort of wherever they call home. HomeWell is committed to helping people live life more fully and offers special programs for fall prevention, post-medical care, and life enrichment.
HomeWell Franchising Inc. is a premier franchisor with over 100 franchise owners representing more than 170 territories across the United States. The company has a strong pipeline of new agencies set to open. HomeWell has been recognized as a Franchise Business Review Top 100 low-investment franchise, an Inc. 5000 company, and consecutively ranked among the nation’s top franchises in Entrepreneur magazine’s Franchise 500®. For more information on HomeWell or to explore franchise opportunities, visit HomeWell Care Services or HomeWell Care Services Franchising.
For press inquiries, please contact:
Andrew Hurst, Communications Manager
817.203.8313
media@homewellcares.com
For franchising opportunities, please contact:
Mike Condon, Vice President of Franchise Development
817-916-8904
franchising@homewellcares.com
More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.