Avella recognized as second fastest-growing company in Arizona

The Phoenix Business Journal honored Avella Specialty Pharmacy with two Arizona Corporate Excellence (ACE) Awards Nov. 12.

The Phoenix-based pharmacy was recognized as the second fastest-growing company and seventh-largest privately held company within a list of 25 and 50 Arizona businesses, respectively. Companies are ranked by accounting firm CliftonLarsonAllen LLP using a proprietary formula that includes measuring the past two years of revenue growth.

Avella Speciality Pharmacy CEO Rebecca Shanahan said the company is proud to be among the most-established and recognized business leaders in the state.

“At Avella, our growth means much more to us than just corporate success," Shanahan said. "It has allowed us to dedicate resources to programs and services that make a difference in our community; it helps us reward our employees for their hard work and dedication; and it ensures that we have the ability to touch more lives by putting powerful, often life-saving therapies in the hands of the people who need them most.”

The ACE Awards has been recognizing private organizations in Arizona over the past two decades with the goal of developing a sense of knowledge-sharing and community among them. In addition to ranking Arizona's fastest-growing and top privately held companies, individual awards are also given, such as "Rookie of the Year" and "CEO of the Year."