Top 10 healthcare brands
This article takes a look at the world’s top 10 biggest healthcare brands ranked by revenue, according to Forbes’ Global 2000 rankings
10 | Cerner Corp - $4.8bn
Based in Kansas City, Missouri, Cerner provides product design, development, installation, hosting and support services to healthcare organisations and consumers. Cerner reported a net revenue of $4.8bn in 2017, and was ranked 171st worldwide on Forbes’ list of best employers. In March 2018, Cerner announced its partnership with global leader in CRM (customer relationship management), Salesforce. As Healthcare Global has previously reported: “Salesforce Health Cloud will … support health providers to gain a greater understanding and awareness of patient needs, which will drive positive health outcomes.”
9 | Ramsay Health Care Ltd - $6.56bn
Ramsay Health Care Ltd is based in Sydney, Australia, and specialises in the provision of healthcare services and the operation of hospitals and day surgery facilities across Australia, France, the UK, Indonesia and Malaysia. The company reported a net revenue of $6.56bn in 2017, making it the largest non-US healthcare brand in the world. Demonstrating a commitment to staff working conditions, in February, Ramsay CEO, Craig McNally “blasted opposition leader Bill Shorten's proposed cap on health insurance premiums, arguing it could force hospitals to cut wage bills,” the Australia Financial Review reported.
8 | Quest Diagnostics Inc - $7.51bn
New Jersey-based company Quest Diagnostics Inc reported a net revenue of $7.51bn in 2017, and was ranked 496th on Forbes’ list of best employers. The company provides diagnostic testing, information and services in order to help both patients and physicians make better decisions regarding healthcare. Quest Diagnostics announced in February that it will be partnering with Rutgers University to “build a new sports science laboratory that the two will use for research,” according to Sport Techie. This direct-to-consumer service is expected to help athletes measure their health, guiding them to improved performance through nutrition and exercise physiology.
7 | LabCorp - $9.64bn
LabCorp operates out of Burlington, North Carolina, and specialises in end-to-end drug development through its internally-operated clinical laboratories. The company reported a net revenue of $9.64bn in 2017, as well as a total profit of $722.3mn, marking a 39% increase year-on-year. After acquiring Pathology Associates Medical Laboratories in 2017, LabCorp announced in March that it will lay off almost 200 employees from the Washington-based company, the Triad Business Journal reports.
6 | Universal Health Services, Inc - $9.77bn
Based in Pennsylvania, US, Universal Health Services, Inc provides healthcare management services, including the running of hospitals, behavioural health centres, surgical hospitals, ambulatory centres and radiation oncology centres. The company reported a net revenue of $9.77bn in 2017, continuing a five-year trend of growth from $6.9bn in 2013. Universal Health is the largest operator of psychiatric hospitals in the USA.
5 | DaVita Inc - $14.74bn
DaVita Inc is based in Denver, Colorado, and specialises in the operation of clinics providing kidney dialysis to chronically ill outpatients, as well as the management and operation of medical groups and affiliated physician networks across California, Nevada, New Mexico, Florida, Colorado and Washington. The company reported net sales of $14.74bn in 2017, along with a year-over-year profit increase of over $600mn.
4 | Community Health Systems - $18.44bn
Franklin, Tennessee-based company Community Health Systems specialises in the management and operation of hospitals, with a focus on inpatient, outpatient, and home healthcare services. The company reported a net revenue of $18.44bn in 2017, also reporting an end-of-year loss in profits of over $1.7bn, in comparison to the previous financial year’s profits in excess of $163mn. CHS “sold 30 hospitals last year and, according to CEO Wayne Smith, more facilities will be leaving the company in 2018,” Nashville Business Journal reports.
3 | Tenet Healthcare Corp - $19.62bn
Tenet Healthcare Corp operates out of Dallas, Texas, and specialises in healthcare management and operations services, including acute care hospitals, ambulatory surgery centres, diagnostic imaging centres, inpatient care, intensive care, cardiac care, radiology services and emergency medical treatment, as well as outpatient services. Tenet Healthcare reported net sales of $19.62bn in 2017, representing an increase of almost $1bn year-on-year. The company has also reported net losses for the past two financial years, due to asset portfolio growth of almost $15bn over the past five years.
2 | HCA Holdings Inc - $41.49bn
Headquartered in Nashville, Tennessee, HCA Holdings Inc. reported a net revenue of $41.49bn in 2017, representing a continuation of a seven-year period of growth year-on-year. The company specialises in the operation and management of hospitals, freestanding surgery centres and emergency rooms, and urgent care centres. With 241,000 employees, HCA Holdings is the largest healthcare employer in the USA. Forbes has ranked it 93rd on its list of top American Companies.
1 | Express Scripts Holdings Co - $100.49bn
Express Scripts Holdings Co reported a net revenue of $100.49bn in 2017, the highest reported sales of any healthcare brand worldwide. However, the company only employs 25,600 staff members, the second-lowest payroll on the list. Express Scripts specialises in the provision of integrated pharmacy benefit management services, including network-pharmacy claims processing, home delivery pharmacy care, specialty pharmacy care, benefit-design consultation, drug utilisation review, formulary management, and medical and drug data analysis, according to Forbes. At $51.71bn, the company also boasts the largest asset portfolio of any company in the top 10.