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GE Capital HFS Agents $165MM Credit Facilty to Paradigm Management Services

April 30, 2014, 07:51 AM
Filed Under: Healthcare

GE Capital’s Healthcare Financial Services is serving as administrative agent on $165 million in senior credit facilities for Paradigm Management Services, LLC, a specialty provider of healthcare management services for patients with complex medical needs. The proceeds of the credit facilities will be used to refinance an existing term loan, pay a dividend to shareholders and fund general corporate purposes. GE Capital Markets served as joint lead arranger and joint bookrunner on the transactions.

“Paradigm has built a unique and valuable business model,” said Al Aria, senior managing director of corporate finance for GE Capital, Healthcare Financial Services. “We are pleased to play a continuing role in support of their development.”

Thomas Mastri, CFO of Paradigm, said, “GE Capital understands our business and therefore is able to provide us with a superior level of credit availability and flexibility, which is important as we continue to grow.”

Paradigm , based in Walnut Creek, CA, is the leading provider in the U.S. of catastrophic injury-management services for worker’s compensation losses, serving insurance carriers, state funds and self-insured corporations.

With in-depth industry knowledge and expertise, GE Capital, Healthcare Financial Services has provided more than $65 billion in financing over ten years to companies in over 45 healthcare sectors including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals and medical devices.

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