Today’s issue of WorkCompRecap features some M&A news, with the announcement from Paradigm that it has acquired health care decision-support company Welvie.
Paradigm noted that it works closely with individuals and families throughout the care management and recovery process, and that it expects Welvie’s platform will be valuable in helping its clinicians deliver information to those who are facing complex health care issues. Welvie will operate as a separate business unit within the Paradigm enterprise and will be led by current CEO Chip Tooke and its management team and employees. The acquisition closed on January 27 and Triple Tree, LLC served as the exclusive financial advisor to Welvie for the transaction.