Excel Medical Again Named One of America's Fastest-Growing Private Companies
This Marks Excel Medical's Second Time on the Inc. 5000 List
NEW YORK, Sept. 24, 2025 /PRNewswire/ -- Inc., the leading media brand and playbook for entrepreneurs and business leaders shaping our future, announced that Excel Medical, the parent company of Male Excel and Fem Excel and the nation's leading telemedicine provider for proactive hormone optimization and preventative health, has made it onto the annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. Excel Medical is the only hormone replacement therapy (HRT) company to be named two years in a row. The list provides a data-driven snapshot of the most successful companies within the economy's most dynamic segment—its independent, entrepreneurial businesses. Past honorees include companies such as Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, and Patagonia.
"Earning a place on the Inc. 5000 list for the second consecutive year is an incredible milestone for our team and our members," said Craig Larsen, CEO of Excel Medical. "We've built this company by staying true to our mission of transforming healthcare from reactive to proactive, proving you don't need outside funding to scale a business to nearly $100 million in annual revenue. This recognition reflects the trust of more than 100,000 members we've served and the dedication of our clinical and leadership teams."
This year's Inc. 5000 honorees have demonstrated exceptional growth while navigating economic uncertainty, inflationary pressure, and a fluctuating labor market. Among the top 500 companies on the list, the median three-year revenue growth rate reached 1,552 percent, and those companies have collectively added more than 48,678 jobs to the U.S. economy over the past three years.
For the full list, company profiles, and a searchable database by industry and location, visit: www.inc.com/inc5000.
"Making the Inc. 5000 is always a remarkable achievement, but earning a spot this year speaks volumes about a company's tenacity and clarity of vision," said Mike Hofman, editor-in-chief of Inc. "These businesses have thrived amid rising costs, shifting global dynamics, and constant change. They didn't just weather the storm—they grew through it, and their stories are a powerful reminder that the entrepreneurial spirit is the engine of the U.S. economy."
Inc. will celebrate the honorees at the 2025 Inc. 5000 Conference & Gala, taking place October 22–24 in Phoenix, and the top 500 will be listed in the Fall issue of Inc. magazine.
Excel Medical Chief Medical Officer Dr. Peter Fotinos built his original clinic 20 years ago. When the model moved online as Male Excel, it became the first telemedicine platform for hormone optimization. Today, under the Excel Medical umbrella – which also includes Fem Excel offering bioidentical hormone replacement therapy (HRT) for women to restore balance and improve quality of life through personalized care – the company continues to grow substantially.
As the first and best telemedicine hormone replacement therapy (HRT) provider in the U.S., Excel Medical has set a new standard for telemedicine-based hormone optimization through its proprietary treatment protocol, The Excel Advantage™, in-house provider training, and 24-hour lab diagnostics through Excel Medical Labs. By shifting healthcare treatment toward proactive care, Excel Medical, Male Excel, and Fem Excel continue to lead and expand a rapidly growing category of preventative healthcare.
Methodology
Companies on the 2025 Inc. 5000 are ranked according to percentage revenue growth from 2021 to 2024. To qualify, companies must have been founded and generating revenue by March 31, 2021. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2024. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2021 is $100,000; the minimum for 2024 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc.
Inc. is the leading media brand and playbook for entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.
About Excel Medical
Excel Medical, the parent company of Male Excel and Fem Excel, is the first nationwide telemedicine hormone replacement therapy (HRT) provider in the United States. Over the past 20 years, the company has treated more than 100,000 members, evolving from an in-person practice into a national telehealth leader. We are uniquely positioned to lead this growing category and set a new standard for preventative medicine that delivers both immediate quality-of-life benefits and lasting health outcomes. Our mission is to redefine healthcare through proactive hormone therapy, our patient-first philosophy, and leadership in hormone optimization. As the leader in men's and women's hormone replacement therapy, we've pioneered a new model of personalized, proactive health rooted in daily microdosing and clinically proven protocols.
MEDIA CONTACT:
Howard Waterman
hcwaterman@gmail.com
917-359-5505
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SOURCE Excel Medical