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Bethesda, MD, United States, 2014/04/29 - 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, LLC - GECapital.com. NYSE: GE
GE Capital’s Healthcare Financial Services business announced today that it 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.
About GE Capital, Healthcare Financial Services
With in-depth industry knowledge and expertise, GE Capital, Healthcare Financial Services (gecapital.com/healthcare) has provided more than $65 billion in financing over 10 years to companies in over 45 healthcare sectors including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals and medical devices. Our team of professionals creates business and financial solutions tailored to meet the individual needs of our customers.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services.
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance.