Paradigm Health is a leading provider of hospice and palliative care services in Indiana
ALEXANDRIA, Va. & INDIANAPOLIS, Ind.–(BUSINESS WIRE)–Oxford Finance LLC (“Oxford”), a leading specialty finance firm focused on healthcare services and life sciences companies worldwide, today announced the closing of a senior credit facility and revolving line of credit to Paradigm Health (“Paradigm” or “the Company”), a leading provider of hospice and palliative care in the state of Indiana.
The proceeds are being used to partially fund the majority recapitalization of Paradigm by Havencrest Capital Management (“Havencrest”) and for new growth initiatives. Oxford Finance is the sole lead arranger and administrative agent in this transaction.
“Paradigm is one of the largest hospice providers in central Indiana with strong relationships in the region and a reputation for superior quality of care,” said Tracy S. Maziek, head of healthcare services at Oxford. “With the backing of Havencrest, the Company is positioned to rapidly expand its regional footprint while continuing to provide compassionate care to more individuals with terminal illnesses and their families. ”
“We are excited to have found ideal partners with extensive healthcare industry experience in Havencrest and Oxford,” commented Jeff Jarecki, CEO and founder of Paradigm. “With their support, we look forward to building Paradigm into the market leader in hospice and palliative care.”
“This is the second transaction we have completed with Oxford,” added Matt Shofner, partner at Havencrest. “Once again, they were able to deliver a compelling and flexible financing solution, and we are pleased to partner with them.”
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $7 billion in loans, with lines of credit ranging from $5 million to $150 million. Oxford is headquartered in Alexandria, Va., with additional offices in San Diego, Calif.; Palo Alto, Calif.; and the greater Boston and New York City areas. For more information, visit https://oxfordfinance.com/
About Paradigm Health
Paradigm launched in 2013 with a commitment to provide premier hospice and palliative care through compassionate care and a holistic team approach. The Company brings a new “paradigm” to home-based health care offering services in a coordinated effort to provide and maintain exemplary care in its patients’ home environment.
Paradigm’s mission is to embrace each individual and their family to maintain and maximize quality of life through compassionate caregiving in a personal setting. For more information, please visit www.myparadigmhealth.com
About Havencrest Capital Management LLC
Havencrest is a committed capital, lower middle-market private equity investment firm focused exclusively on the healthcare industry. Havencrest comprises a leading team of investment professionals, operating partners and senior advisors, including many of the nation’s leading healthcare entrepreneurs, corporate executives and public policy experts.
With its unique approach to partnering with founder-owned healthcare companies with EBITDA between $2M – $10M, the Havencrest team has a successful track record in building leading companies that are changing the way healthcare is delivered in America. For more information, please visit www.havencrest.com