The Culture of Business
San Antonio’s biomedical companies continue to do well both domestically and internationally. This time it is Xenex Healthcare Services that is grabbing attention with their UV disinfection system.
In a discussion with the San Antonio Express-News, CEO Morris Miller shared that the company had revenues of less than $1 million in 2011, but by the end of this year they are looking at revenues of $25 million. That’s 2,400% growth in two years! Their staff has also grown quickly, going from 30 people two years ago to possibly 100 by year end. Those 70 jobs represent an increase of 233%.
No doubt those kinds of numbers are at least partially due to the fact that they will be exporting their machines to hospitals in Central America, Canada, France, and the UK by the end of 2013, while they also explore options in Australia.
Numbers like these show what a small company can do when it embraces selling to the global market.
Read more in the Express-News article.