BURKBURNETT, Texas—HomeWell Franchising Inc., the parent company of HomeWell Care Services, was recognized on Inc. Magazine’s “Inc. 5000” list for the fourth consecutive year. HomeWell, a non-medical homecare company, has seen a growth rate of 131% over the past three years, which includes adding 32 new franchise owners, opening 18 new locations and expanding into 35 new territories in 2023.
“Being ranked in the Inc. 5000 for another year is a tremendous honor and a testament to our ongoing progress,” said 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 highlights 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 list provides a data-driven view of successful companies within the economy’s most dynamic independent and entrepreneurial businesses. The 2024 list includes companies that have achieved rapid revenue growth while navigating inflationary pressure, rising costs of capital and hiring challenges.
HomeWell’s inclusion on the Inc. 5000 list for the fourth year demonstrates its adaptability in a dynamic market and its commitment to the non-medical homecare 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 and aims to continue that trend, the company said.
“Our growth is a direct result of the passion and dedication of our franchise owners and the trust clients place in their care,” said Mike Condon, vice president 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.”
Looking to the future, the company said its executive leadership team is excited to build on this momentum and continue supporting its agencies in delivering trusted care to communities nationwide. As of Aug. 15, HomeWell has taken steps toward another year of growth, having signed 23 new franchise owners, including two in New Hampshire and South Carolina, which are new states for HomeWell’s geographical footprint. Meanwhile, 22 locations have opened nationwide, setting an annual record for the franchise.
“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,” said Mike Hofman, Inc. Magazine’s editor-in-chief. “Congratulations to this year’s honorees (…) 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.”
