This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GE Capital, Healthcare Financial Services Is Administrative Agent On $165 Million In Senior Credit Facilities To Paradigm Management Services

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 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. For more information, visit gecapital.com/healthcare.

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital and @GELendLease).

GE (NYSE: GE) 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. For more information, visit the company's website at www.ge.com.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,796.98 -131.22 -0.73%
S&P 500 2,074.15 -15.31 -0.73%
NASDAQ 4,902.8020 -36.5250 -0.74%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs