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Non-Profit Foundation
paradigmhealth.org

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About Paradigm Health

Paradigm Health provides mental health programs for the residents of long-term care facilities.

Paradigm Health Headquarter Location

7431 114th Avenue North Suite 104

Largo, Florida, 33773,

United States

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Latest Paradigm Health News

Oxford Finance Closes Credit Facility with Paradigm Health

Jul 13, 2021

Paradigm Health is a leading provider of hospice and palliative care services in Indiana July 13, 2021 09:29 AM Eastern Daylight Time ALEXANDRIA, Va. & INDIANAPOLIS--( 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 Contacts

Paradigm Health Acquisitions

3 Acquisitions

Paradigm Health acquired 3 companies. Their latest acquisition was Paradigm Health Management Services on January 22, 2003.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/22/2003

Other Venture Capital

$99M

Acquired

1/9/2003

Series B

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$99M

$99M

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10

2/17/2002

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$99M

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0

Date

1/22/2003

1/9/2003

2/17/2002

Investment Stage

Other Venture Capital

Series B

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

10

0

Paradigm Health Team

1 Team Member

Paradigm Health has 1 team member, including current Chief Executive Officer, President, Dennis LaBrasca.

Name

Work History

Title

Status

Dennis LaBrasca

Chief Executive Officer, President

Current

Name

Dennis LaBrasca

Work History

Title

Chief Executive Officer, President

Status

Current

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