#United States #Indianapolis #hospice care #Paradigm Health #Cressey Company

Cressey & Company Teams Up with Paradigm Health for Expanded Hospice Care

In an important development for hospice services, Cressey & Company LP, a respected private investment firm, has entered into a vital partnership with Paradigm Health, a leading provider of hospice and palliative care. The collaboration is set to enhance Paradigm’s growth and strategic outreach, focused on delivering compassionate end-of-life care throughout the Midwest.

Founded in 2013 and based in Indianapolis, Paradigm offers a holistic approach to hospice care, which is delivered in patients' homes and various long-term care facilities. With a total of six branches operating in Indiana, Paradigm emphasizes patient-centeredness and collaborates closely with patients' healthcare teams to create personalized care plans. This partnership with Cressey will enable the organization to further its mission in providing quality care tailored to the specific needs of individuals and their families during some of their most difficult times.

Cressey’s investment comes alongside contributions from Paradigm’s current investor, Havencrest Capital Management. Together, these investments will support Paradigm’s next growth phase, aimed at enhancing its reach and effectiveness in compassionate care delivery. "Cressey’s strategic approach and financial backing resonate strongly with our values as we look to expand our services and uphold the highest standards of hospice care," commented Andrew Worswick, CEO of Paradigm Health.

The partnership highlights a shared commitment to clinical quality and innovation, as Cressey’s extensive experience in the healthcare sector positions them as an ideal collaborator. Ryan Moseley, Partner at Cressey, expressed excitement about working with Paradigm, stating their dedication to meet the unique needs of patients and families at a vulnerable time in life. This sentiment reflects the overall philosophy that drives the both organizations—the importance of delivering consistent, compassionate, high-quality care.

Matt Shofner, Partner at Havencrest, also commented on the partnership’s significance. He reiterated that the continued investment in Paradigm illustrates confidence in the organization’s leadership, culture, and the potential for substantial growth in the delivery of compassionate end-of-life care.

To solidify the partnership’s financial groundwork, Edgemont Partners served as the exclusive financial advisor for Paradigm Health, while Brentwood Capital Advisors acted in the same capacity for Cressey & Company.

As one of the largest hospice and palliative care providers in Indiana, Paradigm is driven by a mission to offer above-and-beyond care. The infusion of additional resources and expertise from Cressey aligns perfectly with this mission, establishing a robust foundation for evolving patient care in the region. With a strong support system in place, Paradigm anticipates being able to extend its pioneering patient services to even more individuals and families, ensuring they receive the hospice and palliative care they rightfully deserve.

For further information about Paradigm Health and their patient-centered services, you can visit Paradigm Health's official website. Likewise, insights into Cressey & Company and its investment philosophy can be obtained via Cressey’s website.

This move marks a significant step forward in redefining hospice care in the Midwest, aiming to make a positive, tangible difference in the lives of many.

About the Companies

Paradigm Health

Based in Indianapolis, IN, Paradigm Health focuses on delivering exceptional hospice and palliative care services, forming collaborative relationships with healthcare providers to enhance patient well-being.

Cressey & Company LP

With a history of over 45 years, Cressey & Company LP is dedicated to developing leading healthcare service and information technology businesses, making impactful investments within the sector.

Havencrest Capital Management

Operating out of Dallas, Havencrest specializes in healthcare-focused private equity, having established a noteworthy reputation in transforming healthcare delivery through strategic partnerships and investments.