Congrats to our Fund III Profit 100 members
Growing during a recession is tough, but two of our Wellington Financial Fund III portfolio companies made the Top 10 on this year’s Profit 100 list. And both are in the broad healthcare IT space. Although we were on the Profit 100 list for the past two years, reaching #17 on the 2009 list, we decided not to put our name forward again for consideration this year.
Congrats to the management teams of portfolio companies Healthscreen (MDU:TSX) and Nightingale (NGH:TSX), who also distingush themselves as being the only two TSX-listed public companies to crack the Top 10 list. Proof that you can be public, grow fast, and still make good use of Wellington’s efficient growth capital. And thanks to Profit Magazine Editor Ian Portsmouth for continuing to show an interest in the entrepreneurial end of Canada’s economy.
MRM
It’s good to see companies can prosper in times like these! I especially like to see TSX companies showing good financials so soon after the recession.