CHICAGO & NASHVILLE, Tennessee—Cressey & Company LP, a private investment firm focused on building health care services and information technology businesses, announced a new partnership with Paradigm Health, a provider of hospice and palliative care services.
Founded in 2013 and headquartered in Indianapolis, Paradigm provides holistic, patient-centered hospice and palliative care services across six branches in Indiana. Through its 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. The company said Cressey's investment brings added resources and expertise that will fuel the continued expansion of Paradigm's 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, CEO 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."
"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."
Edgemont Partners served as the exclusive financial advisor to Paradigm Health. Brentwood Capital Advisors served as financial advisor to Cressey & Company.