RestorixHealth, a portfolio company of Sverica International Management, has acquired Paradigm Medical Management. No financial terms were disclosed. A wound management firm, Paradigm also runs outpatient wound care centers and the Amputation Prevention Centers of America network.
BOSTON–(BUSINESS WIRE)–Sverica International Management LLC (“Sverica”), a private equity investment firm, announced that its portfolio company, RestorixHealth, a comprehensive wound care management company, had acquired Paradigm Medical Management (“Paradigm”). Paradigm, also a wound care management company, operates outpatient wound care centers and the Amputation Prevention Centers of America™ network. The combination creates one of the largest and most progressive wound care service providers in the United States.
Chronic wounds are a significant health problem affecting millions of people. That number is growing rapidly due in part to an aging population and a sharp rise in the incidence of diabetes and obesity. Caring for chronic wounds requires specialized care and advanced training, and as chronic wounds become more prevalent, the demand for specialized wound care centers also increases.
Sverica initially invested in RestorixHealth (formerly the Center for Wound Healing) in December 2010. Since then, RestorixHealth has grown to the second largest operator of outpatient wound care clinics in the United States. Sverica identified Paradigm as an acquisition target, initiated discussions and lead negotiations. Sverica has further supported the company in building its management team, setting strategic direction, identifying add-on targets, and securing several rounds of debt financing. The acquisition of Paradigm is the third add-on acquisition completed by RestorixHealth.
RestorixHealth develops and manages comprehensive wound care centers of excellence that offer advanced treatment therapies along with hyperbaric oxygen therapy. Founded by physicians in 1997 to treat the growing incidence of chronic, non-healing wounds, RestorixHealth’s centers utilize a quality- and data-driven approach to consistently achieve high treatment success rates, resulting in a dramatic increase in patient quality of life. The company currently manages centers throughout the United States in partnership with hospitals and health care facilities. For more information, visit www.restorixhealth.com.
About Sverica International
Sverica International is a leading private equity firm that has raised over $425 million of investment capital across three funds. The firm acquires, invests in and actively builds companies that are, or could become, leaders in their industries. Since 1993 Sverica has maintained a “high touch” operating philosophy of taking an active role in portfolio companies. Sverica devotes significant internal resources to help its management teams develop and execute growth strategies. For more information, please visit www.sverica.com.