Best Managed Press Release 2022 Gold Standard Requalification

Nightingale Upholds the Gold Standard with Best Managed Companies

Nightingale has been named one of the Top Best Managed Companies for a fifth consecutive year as designated by Deloitte, in partnership with CIBC and Queen’s School of Business. With this achievement, Nightingale is honored to maintain its recently appointed Gold Standard win within the Best Managed Program.

Now in its 29^th year, this national business awards program recognizes and honors excellence in privately owned companies. Each year entrepreneurial companies undergo a rigorous application process and must pass several rounds of examination before receiving the Best Managed title. The fifth year of the Best Managed program is even more stringent to ensure that only the most dedicated and qualified companies receive the coveted Gold Standard designation.

This year’s application would not have been an accurate assessment if it did not address Covid and give companies the chance to express how they navigated everchanging market conditions. It highlighted how Best Managed Companies are those that are capable of seamlessly adapting and pivoting their strategy to thrive in uncertain times. The application showcased Best Managed companies’ ability to set industry leading standards for success no matter the corporate landscape.

“The 2022 Best Managed winners exemplify innovation, adaptability, and resilience in the face of uncertainty,” said Lorrie King, Partner, Deloitte Private and Co-Leader, Best Managed Companies program. “Over the past year, these forward-forging companies have pivoted to successfully respond to challenges and capitalize on new opportunities, leveraging industry-leading competencies to maximize their investments and drive sustainable growth.”

The application challenged Nightingale to reflect on its corporate strategy, capabilities and resources, innovative processes, company culture, commitment to employees and customers and an examination of company controls and financials.

Exceptional applicants not only created a strategic plan that allowed for normal operation and growth during the pandemic but was innovative enough to position companies on a forward trajectory to easily realize future growth opportunities.

Nightingale is honored to mark five years of being part of Best Managed and is elated to uphold our Gold Standard status.  Nightingale looks forward to retaining and building upon its status within Best Managed for years to come.

About Best Managed:

Best Managed continues to be the mark of excellence for companies with revenues over $50 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Best Managed new winner (one of the new winners selected each year); 2) Best Managed winner (award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years); 4) Platinum Club member (winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte Private, CIBC, The Globe and Mail, Salesforce, and TMX Group. For more information, visit www.bestmanagedcompanies.ca.