M&A Deal Summary

Paradigm Outcomes Acquires Adva-Net

On September 5, 2018, Paradigm Outcomes acquired business services company Adva-Net from Council Capital

Acquisition Highlights
  • This is Paradigm Outcomes’ 2nd transaction in the Business Services sector.
  • This is Paradigm Outcomes’ 4th transaction in the United States.
  • This is Paradigm Outcomes’ 2nd transaction in Florida.

M&A Deal Summary

Date 2018-09-05
Target Adva-Net
Sector Business Services
Buyer(s) Paradigm Outcomes
Sellers(s) Council Capital
Deal Type Add-on Acquisition

Target

Adva-Net

Sarasota, Florida, United States
Adva Holdings LLC is a workers’ compensation network management company. Specifically, Adva-Net actively manages the cost and quality of pain treatments and post-acute care for workers’ compensation patients for payers including insurance companies, intermediaries and self-insured employers.

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Buyer(S) 1

Buyer

Paradigm Outcomes

Walnut Creek, California, United States

Category Company
Founded 1991
Sector Healthcare Services
DESCRIPTION

Paradigm Outcomes is a provider of managed care services for persons with catastrophic injuries from the workplace. Paradigm, through its proprietary databases, processes and medical network, achieves improved outcomes for injured workers as well as significant savings for insurers and other parties involved in their care. Paradigm Outcomes was founded in 1991 and is based in Walnut Creek, California.


DEAL STATS #
Overall 4 of 7
Sector: Business Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 4 of 7
State: Florida M&A 2 of 3
Country: United States M&A 4 of 7
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 ForeSight Medical

Tampa, Florida, United States

ForeSight Medical is a comprehensive suite of surgical management solutions in the workers’ compensation marketplace. ForeSight Medical was founded in 2013 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Restore Rehabilitation

Owings Mills, Maryland, United States

Restore Rehabilitation is a case management company that provides field coverage in 27 states and nationwide telephonic coverage. Restore Rehabilitation was founded in 2006 and is based in Owings Mills, Maryland.

Buy -

Seller(S) 1

SELLER

Council Capital

Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Council Capital is a private equity firm focused on investing in lower-middle market healthcare services and healthcare IT businesses across the US. The Firm targets control and minority investments in companies with growth potential, EBITDA up to $15 million, and between $5 and $50 million in revenue. Council Capital was founded in 2000 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 11 of 14
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 7
State: Florida M&A 1 of 1
Country: United States M&A 11 of 14
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 REACH Health

Alpharetta, Georgia, United States

REACH Health provides enterprise telemedicine systems for multiple specialties and settings of care, all supported on a common software platform. The REACH 5.0 platform is recognized for fostering collaboration between bedside clinicians and remote specialists through shared clinical workflows. The system is highly configurable, enabling physicians to tailor each consultation based on personal preferences and specialty-specific exams, clinical scales, and patient data. REACH Health was formed in 2006 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-26 NeurAbilities Healthcare

Voorhees, New Jersey, United States

NeurAbilities Healthcare is a provider of neurological, behavioral, and neurodevelopmental services in New Jersey and Pennsylvania, offering comfort, hope, and answers that transform the lives of individuals of all ages, and their families. Its mission is to transform the lives of patients through precision medicine, behavior sciences, and therapeutic treatments with compassion, dignity, and respect. NeurAbilities Healthcare was formed in 2005 and is based in Voorhees, New Jersey.

Buy -