NORWALK, Conn.–(BUSINESS WIRE)–GE Capital today announced it served as administrative agent on a $65 million senior secured first lien credit facility for Paradigm Management Services. The funds were used to support the acquisition of Paradigm by Lightyear Capital. GE Capital Markets acted as joint lead arranger and joint bookrunner.
Paradigm Management Services is a leading provider of complex and catastrophic medical management services in the workers’ compensation industry. The business focuses on complex case management of acute and ongoing catastrophic and traumatic brain injuries, spinal cord injuries, amputations, burns, wounds and chronic pain.
“We’re pleased to support Lightyear and Paradigm in this transaction. Paradigm has a proven value proposition and is a market leader. We believe Lightyear’s extensive financial services expertise will help the company continue to improve its business,” said Doug Cannaliato, managing director at GE Antares Capital.
Matt Morawa, managing director financial sponsor, GE Capital, Healthcare Financial Services added, “This transaction demonstrates how GE’s extensive market knowledge and industry expertise comes together to provide tailored financial solutions for our customers.”