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FinCor Holdings Earns Place on Inc. Magazine's List of 5,000 Fastest-Growing Businesses in Nation for Second Consecutive Year

LANSING, Mich., Aug. 21 /PRNewswire/ -- FinCor Holdings Inc. (www.fincorholdings.com), a leader in the health care risk management and insurance industry, has made the Inc. 5,000 list of fastest-growing private companies inthe United States for the second consecutive year. Inc. reported FinCor had an impressive three-year growth rate of more than 62 percent.

From 2004 to 2007, FinCor drove a 62.3 percent increase in revenue to $97.2 million in 2007. FinCor was ranked 4,317th overall, and 38th relative to other insurance companies on the Inc. 5,000 list. The company was also among the top 10 in revenue in the insurance category.

FinCor is a privately heldLansing, Mich.-based provider of medical professional liability insurance and integrated risk management products and services for health care providers and institutions. In recent years, the company has aggressively expanded into several key markets, while strategically building out its product lines. FinCor has continued strong year-over-year growth despite a continuing "soft" insurance market cycle that has resulted in premium revenue decreases over the past several years.

The Inc. 5,000, an extension of Inc. magazine's annual Inc. 500 list, is an annual ranking of the 5,000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.

"Our second annual Inc. 5,000 continues the most ambitious project in business journalism," said Inc. 5,000 Project Manager Jim Melloan. "The Inc. 5,000 gives an unrivaled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."

The 2008 Inc. 5,000 list measures revenue growth from 2004 to 2007. To qualify, companies must be U.S.-based, privately held, for profit and independent - not subsidiaries or divisions of other companies - as of Dec. 31, 2007, and have had at least $200,000 in revenue in 2004 and $2 million in 2007.

"The Inc. 5,000 has become a respected benchmark for companies driving substantial revenue growth year-over-year," said Tom Dickinson, president and CEO of FinCor Holdings. "FinCor is a well-established company with more than three decades of experience serving our markets. The fact that we are recognized for the second consecutive year is a point of pride for our entire team."

About FinCor Holdings

Through its subsidiaries - FinCor Solutions, The Risk Management and Patient Safety Institute, MHA Insurance Company, Washington Casualty Company and Capital Risk Solutions -Lansing, Mich.-based FinCor Holdings Inc. provides industry-leading insurance products and support services, including medical professional liability insurance, workers' compensation insurance and risk management solutions to clients nationally. With its years of experience focusing on financial loss protection and clinical risk reduction, FinCor Holdings has built an outstanding reputation for serving the needs of the health care industry. For more information, visit www.fincorholdings.com.

SOURCE FinCor Holdings Inc.

Tags: ,FIN,INS,SVY,MI-FinCor-GrowingFast

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