Investment to Support Paradigm’s Growth and Strategic Expansion to Deliver Mission-Driven Hospice and Palliative Care across The Midwest
Cressey & Company , a private investment firm focused on building leading healthcare services and information technology businesses, announced a new partnership with Paradigm Health, a leading provider of hospice and palliative care services. Paradigm Management as well as the Company’s existing investor, Havencrest Capital Management, invested alongside Cressey to support the Company’s next phase of growth.
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Founded in 2013 and headquartered in Indianapolis, Paradigm provides holistic, patient-centered hospice and palliative care services across six branches in Indiana. Through its innovative, community-based approach, Paradigm collaborates with patients’ physicians to develop personalized care plans that enhance daily life for patients and their families across care settings, including patients’ homes and long-term care facilities. Cressey’s investment brings added resources and strategic expertise that will fuel the continued expansion of Paradigm’s mission-driven hospice and palliative care for patients.
“Having partnered with and helped build many of the leading post-acute services companies, Cressey is an ideal partner for our next phase of growth as we look to expand the reach of our compassionate end-of-life care,” said Andrew Worswick, Chief Executive Officer of Paradigm. “Cressey shares our deep commitment to clinical quality and innovation, and their investment will be integral to our ability to provide even more patients, caregivers and families with the hospice and palliative care that they deserve.”
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“We are thrilled to partner with Andrew and the rest of the Paradigm team as they continue to expand their exceptional, patient-focused hospice and palliative care services across Indiana,” said Ryan Moseley, Partner at Cressey. “Paradigm continuously meets the needs of patients and their families at a very vulnerable and sensitive time of life, and their proven track record of delivering consistent, high-quality care sets them apart in the market. We are pleased to be supporting their next phase of growth.”
“It has been a privilege to partner with Paradigm to build a trusted leader in hospice and palliative care,” said Matt Shofner, Partner at Havencrest. “Our continued investment alongside Cressey reflects our conviction in Paradigm’s leadership team, mission-driven culture, and long runway for expansion in delivering compassionate care to patients and families.”
Edgemont Partners served as the exclusive financial advisor to Paradigm Health. Brentwood Capital Advisors served as financial advisor to Cressey & Company.
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Source – PR Newswire
