GE Capital HFS Agents $165MM Paradigm Management Facility
GE Capital’s Healthcare Financial Services business announced that it is serving as administrative agent on $165 million in senior credit facilities for Paradigm Management Services, 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 a provider of catastrophic injury-management services for worker’s compensation losses.