Harris Williams & Co. Advises Paradigm Management Services in its Sale to Lightyear Capital

February 1, 2012

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Paradigm Management Services (Paradigm), a leading provider of healthcare management services, to Lightyear Capital (Lightyear). Paradigm was a portfolio company of Sterling Partners (Sterling). The transaction closed on February 1, 2012 and was led by the firm’s Healthcare & Life Sciences (HCLS) Group. Harris Williams & Co. acted as an advisor to Paradigm.

“We are thrilled to have represented Paradigm and Sterling in this transaction. Paradigm is a unique business that produces better clinical outcomes for severely injured workers at significantly lower medical cost. The transaction exemplifies the demand for companies with innovative business models that drive better results and have the potential to change the cost equation in healthcare,” said Todd Morris, a managing director in Harris Williams & Co.’s San Francisco office.

Headquartered in Walnut Creek, CA, Paradigm is a growing provider of catastrophic and pain care management services designed to dramatically improve clinical outcomes for injured workers and significantly reduce costs. Paradigm has a specialized network and acts as a medical hub connecting people with catastrophic injuries and chronic pain to nationally recognized expert doctors and specialists, best-in-class care facilities, and robust clinical data to guide decisions that deliver superior results. The company primarily provides its services to workers’ compensation insurance carriers and self insured companies and municipalities.

Sterling is a leading private equity firm with over 25 years of experience partnering with entrepreneurs to build market-leading businesses. With approximately $5 billion of assets under management, Sterling invests growth capital in industries with positive, long-term trends and provides ongoing support to management through a dedicated team of industry veterans, operators, strategy experts and human capital professionals. Sterling is a leader in education, healthcare and business services and has offices in Chicago, Baltimore, and Miami.

Lightyear is a leading private equity firm primarily making control investments in North America-based, middle market financial services companies. Based in NY, Lightyear, through its affiliated funds, has managed approximately $3 billion of committed capital with investments across the financial services spectrum, including asset management, banking, brokerage, financial technology, insurance and specialty finance.