Lightyear Capital, a New York-based private equity firm focused on financial services investing, has announced that an affiliated investment fund has acquired Paradigm Acquisition Corp., a nationwide provider of outsourced catastrophic workers' compensation case management services for insurance companies and self-insured employers. Terms of the transaction were not disclosed.
Founded in 1991 and headquartered in Walnut Creek, Calif., Paradigm has more than 400 employees and case managers and has created a highly differentiated business model which is designed to dramatically improve clinical outcomes for injured workers and significantly reduce claims costs for workers' compensation insurance providers.
Paradigm's specialized network of medical experts and care facilities acts as a hub, connecting people with catastrophic injuries and chronic pain to doctors and specialists with the aim of achieving superior clinical and financial results.
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