Baxa ranked 3,494 on Inc. 5000 list of US fastest-growing private businesses

Baxa Corporation today announced its rank of 3,494 on the Inc. 5000 list of the fastest-growing private businesses in the United States. This year marks the fourth consecutive year that Baxa, a leading provider of medical devices and systems that automate pharmacy operations, has been listed on the prestigious Inc. 5000 list.

"Our growth is due in large part to our continued focus on developing pharmacy technology and automation devices that provide Directors of the Pharmacy with a high degree of safety, speed and certainty in their IV dose preparation," said Greg Baldwin, Baxa Chairman and CEO.  "This focus has led to our continued market penetration and reputation for quality, which have earned Baxa multiple recent accolades, including our fourth year on the Inc. 5000 list."

In addition to the Inc. 5000 listing, Baxa Corporation's market leadership was recently recognized by Pharmacy Purchasing & Products (PP&P), the premier magazine for health system pharmacists, in its August 2010 "Pharmacy Automation Guide."  The market study surveyed more than 400 health system pharmacy directors, with results that show:

• Baxa holds a 75% share of compounding robots in use with the IntelliFill® i.v. System.
• Baxa leads the marketplace with a 68% share of automated compounding devices with the ExactaMix™ Automated Compounders.
• Baxa holds a 50% share of IV workflow management with the DoseEdge® Pharmacy Workflow Manager, including a 64% share of vendor consideration.

These findings are further supported by the more than 3,000 hospitals worldwide that use Baxa products every day to produce more than 450,000 safe medication doses.  

Looking at the market as a whole, recent comments from PP&P publisher R. Mitchell Halvorsen, in the article, "Signs of an Automation Rebound in 2010!," predict "cautious optimism regarding the state of affairs in health-care capitalization, but also a clear indication that the importance of automation cannot be overlooked."  

Driven by strong business growth, Baxa is in the process of doubling its production cleanroom, assembly and warehouse space to ensure on-time shipment of Baxa products to customers around the world. To make room for expanded production, the company recently opened a new corporate headquarters, located at 9540 S Maroon Circle, Englewood, Colorado, encompassing 64,000 square feet of office and laboratory space.