December 21, 2010 // Franchising.com // CHICAGO – BrightStar, a full-service home healthcare and medical staffing agency, has been named one of the top 500 franchises in the United States, ranking #152 in Entrepreneur Magazine's Franchise 500®. This is the first time BrightStar has been ranked by the publication.
The rankings for all 500 companies are determined using an exclusive formula that takes into account objective and quantifiable factors. The most important factors include financial strength and stability, growth rate and size of the system.
"Since launching our franchising efforts in 2005, we have worked hard to represent BrightStar as a company with outstanding values and a sound business model," said Chuck Bailey, President of BrightStar. "It is an honor to be recognized by such a prestigious publication such as Entrepreneur and we are continuing to put forth the required initiatives to continue our success."
Today, BrightStar has grown from one company-owned store to over 190 locations in 34 states and will reach 400 franchise locations sold by the end of 2011. BrightStar has experienced 423% system-wide revenue growth between 2007 and 2009 during the recession.
"With the growing baby boomer population, BrightStar has positioned itself as a strong contender in the home care industry," added Bailey. "With nearly 8,000 boomers turning 60 every day and retiring in droves, BrightStar's growth across North America is gaining momentum."
Based in Chicago, BrightStar is a full-service healthcare staffing agency that provides medical and non-medical homecare to private clients within their homes, as well as supplemental healthcare staff to corporate clients. Our well-qualified, attentive caregivers provide peace of mind to clients and their families. We work to understand the needs of our clients and provide a customized care plan to match them with a qualified, pre-screened caregiver who is compatible with their needs. BrightStar is one of the few home healthcare providers that offer both medical and non-medical homecare, available to all clients 24/7.