LAWRENCE, Mass.—NxStage Medical was the fourth largest revenue gainer last year in Massachusetts, according to the Boston Business Journal.
The Boston Business Journal ranks the state’s companies based on percent change in revenue. In addition, the magazine ranked NxStage number 111 on its Massachusetts Top 150 Public Companies, which are ranked in terms of total 2008 revenue.
NxStage's revenue increased nearly 115 percent to $128.8 million in 2008 compared with revenue of $60 million in 2007.The full list of the BBJ 150 appears in the May 8-14 issue of the Boston Business Journal.
NxStage's chief executive officer, Jeffrey H. Burbank, attributes the strong revenue growth rate to the company's strategic initiates to drive adoption of daily home hemodialysis with the NxStage System One, the completion of its Medisystems acquisition and expansion of its critical care customer base.
