Aug 17, 2021 12:28:31 PM | 5 Min Read

Kermit Ranks 1204th on First Appearance on the Inc. 5000

Posted By
Tim Anderson
Kermit Ranks 1204th on First Appearance on the Inc. 5000

Inc. magazine today revealed that Kermit is ranked No. 1204 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the U.S. economy’s most dynamic segment – independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

Kermit saw a three-year growth of 402%, placing them in the 75th percentile of eligible companies.

“Being named one of the nation’s 5,000 fastest-growing privately held companies is a great honor and a direct reflection of the hard work from our talented team,” says Rich Palarea, co-founder and CEO of Kermit. “I am extremely excited as we look at what is ahead for the company. Kermit is positioned for even greater growth in 2021 and beyond, all with the goal to help improve the financial health of our nation’s hospitals by utilizing technology to reduce implantable medical device spend.”

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20th.

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

Kermit’s inclusion on the Inc. 5000 is only a starting point for the organization which is poised for aggressive growth in the coming years. In 2021, Kermit has already greatly expanded its team, adding nine new staff including a Chief Growth Officer and a national sales team with additional positions actively being recruited.

“After years of perfecting our offering, managing 40% of the implant spend in the state of Maryland, and saving our Mid-Atlantic hospitals tens-of-millions in annual spend, we know we have an impactful product to bring to all of our nation’s hospitals,” says Palarea. “The team we have assembled – from our expert strategic advisors to our software developers, support staff, and sales and marketing team – has unparalleled industry knowledge to guide any hospital toward meaningful savings in implantable medical devices.”

To learn more about how Kermit can reduce your hospital’s implantable medical device spend by an average of 30%, fill out the form below, or contact us at

More about Inc. and the Inc. 5000


Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at


About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit

For more information on the Inc. 5000 Vision Conference, visit

Topics: Kermit News

Related Posts


Kermit Ranks for Second Consecutive Year on the 2022 Inc. 5000 Annual List

NEW YORK, August 16, 2022 – Today, Inc. revealed that Kermit is No. 4271 on its annual Inc. 5000...

Read More

Kermit Named to Baltimore Business Journal’s 2021 Fast 50 List for Second Year in a Row

Hunt Valley, MD, November 4, 2021 – The Baltimore Business Journal today announced their Fast 50...

Read More