News & Updates
September 23, 2022: Medical technology company Thornhill Medical ranked as one of Canada’s Top 10 Growing Companies by the Globe and Mail
Toronto, ON — Medical technology innovator, Thornhill Medical, is pleased to announce it has risen to the 10th spot of 430 companies on the 2022 Report on Business ranking of Canada’s Top Growing Companies, based on verified three-year revenue growth of more than 2,500 per cent.
2022 marks the third consecutive year that Thornhill Medical has been recognized by the Globe and Mail as one of Canada’s Top Growing Companies. The medical technology company has quickly moved up the list, debuting at #62 in 2020, rising to #40 in 2021, achieving Top 10 in this year’s ranking.
Thornhill Medical’s explosive growth builds on a foundation of research and development giving rise to advanced medical technologies that are more and more relevant in today’s challenging world. Thornhill Medical innovations specifically address the extreme care environments increasingly facing military and civilian health care providers as they care for the critically injured. This was demonstrated most recently as Thornhill Medical provided humanitarian and military medical support to Ukraine through a donation of its mobile life-support system MOVES® SLC™ and mobile anesthesia delivery module MADM™, along with surgical and combat casualty care expertise and mentoring for Ukraine surgeons, medical residents and anesthesiologists.
“We are honoured to have been recognized as a top growing company for a third consecutive year and delighted to have risen in rank,” says Thornhill Medical’s CEO Lesley Gouldie. “Our growth is a testament to the passion and commitment of our Canadian and US-based teams, and global partners, who are committed to our mission of advancing life saving health technology. We are equally indebted to our customers who are the true north of our work, always making us better as we strive to help them save lives.”
Canada’s Top Growing Companies is an editorial ranking that was launched in 2019. It aims to celebrate the boldest entrepreneurial achievement by identifying and bringing the accomplishments of innovative businesses in Canada to the forefront. In order to qualify for this voluntary program; companies had to complete an in-depth application process and fulfill requirements. In total, 430 companies earned a spot on this year’s ranking.
The full list of 2022 winners along with editorial coverage is published in the October issue of Report on Business magazine. The list is out now and online here.
“Canada’s Top Growing Companies recognizes the tremendous ambition and innovation of entrepreneurs in Canada,” says Dawn Calleja, Editor of Report on Business magazine. “The next generation of Canadian businesses can draw inspiration from this ranking.”
“In an uncertain world, the success stories of the companies marked in this year’s Report on Business magazine’s list of Top Growing Companies are a beacon of optimism,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “The Globe and Mail congratulates them on their achievements.”
About Thornhill Medical
Thornhill Medical is a leading developer of innovative medical technologies, including amongst others, its proprietary MOVES® SLC™ integrated life-support technology and MADM™ a portable in-line vapor anesthesia delivery device that turns any ventilator into an anesthesia workstation. Thornhill Medical’s ground-breaking products are designed to be used around the world by emergency health care providers, military medical teams and disaster relief responders. Thornhill’s oxygen-focused research and applications are transforming patient care in extreme circumstances, while inspiring and enabling other new technologies to unlock vital life-saving solutions. Based in Toronto, Canada, Thornhill Medical’s innovations are now in 19+ countries around the world and growing every day. Thornhill Medical continues to lead the way in the highly competitive, fast-moving and precision-focused field of medical technologies, with a team committed to courage, collaboration and saving lives.
For more information: Kathleen Powderley, Responsible Communications