However, the company's phenomenal growth was largely attributable to the direction of John H. NovaCare was founded in 1976 as InSpeech, Inc. Foster, chairperson and CEO, predicted that the firm would reach annual sales of $3 billion by 1998. Having grown dramatically through acquisition and internal growth, the company reported average annual sales and earnings increases from 1987 to 1992 of 70.2 percent and 74.6 percent, respectively. NovaCare is the largest non-government employer of rehabilitation therapists, and has a nine percent share of the orthotics and prosthetics field. The company's largest business group, Contract Services (constituting over two-thirds of revenues), coordinates speech, occupational, and physical therapists with over 1,900 health care institutions&mdash′imarily nursing homes-in 39 states.
is America's leading provider of contract rehabilitation services as well as orthotic supports and prosthetics.
