Solstice Benefits Makes the Inc. 5000 List of America’s Fastest-Growing Private Companies for Fifth Consecutive Year
August 17, 2016
Five years ago, South Florida-based dental and vision insurer Solstice Benefits, Inc., (Solstice) had 35 employees. Today, with over 135 employees strong, Solstice was ranked the No. 16 insurance company and No. 1,408 overall on Inc. magazine’s 35th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies.
This is Solstice’s fifth straight year on the list, joining a “tiny fraction” of the nation’s companies experiencing consistently high growth. In 2011, Solstice had revenue of $15.1 million. In 2015, the company took in nearly $39 million, jumping from No. 4,148 last year to No. 1,408 on this year’s list.
“We’re honored to be on the list again, and extremely proud of our company’s journey,” said Solstice Chief Operating Officer Carlos Ferrera. “Our team’s dedication, passion and commitment to service and innovation have been the cornerstone of our growth and success. This award embodies their tremendous work.”
Founded in 1998, Solstice provides dental, vision and other coverage to more than 700,000 members nationally, and has built the current No. 1 largest DHMO/EPO provider networks in both Florida and New York, as ranked by NetMinder. In 2013, Solstice created an innovative private health exchange—the Solstice Marketplace. The award-winning platform offers a customizable portal for business management, as well as group enrollment.
Mr. Ferrera and Solstice’s founder and Chief Executive Officer Dr. Leonard Weiss carried a “work hard, play hard” culture for employees from its inception through its meteoric growth. Wellness and health programs, employee appreciation events and themed dress-up days are just a few ways company management injects a bit of fun into a serious industry. Employees have voted Solstice to various best company and top workplace lists over recent years.
“We foster a family atmosphere among our employees, who are Solstice’s greatest asset. Their hard work is why we continue to demonstrate the growth recognized by Inc.,” Mr. Ferrera said.
The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. Solstice joins other winners like Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow and many other big companies that gained their first national exposure as Inc. 5000 honorees.
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 www.inc.com/inc5000.
Solstice is a privately held Florida corporation based in Plantation, Fla. Solstice underwrites, administers and markets dental, vision, pharmaceutical, life and short- and long-term disability benefits plans. Solstice and its subsidiaries also offer Third Party Administration (TPA) services in the Alabama, California, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas and Virginia markets—and are in the process of expanding nationwide. It has been named one of “Florida’s Best Companies to Work For” and has made Inc. magazine’s “America’s Fastest Growing Companies” list for five years in a row. Solstice has also developed the Solstice Marketplace, a private health care exchange. Created specifically with insurance brokers in mind, the Solstice Marketplace provides brokers with a one-stop shop to offer personalized service to their customers. For information on Solstice, contact 1.877.760.2247 or visit www.SolsticeBenefits.com and www.SolsticeMarketplace.com.
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