Paradigm Acquires Restore Rehabilitation to Establish Industry Benchmark in Health Recovery Program Management

VCBeat (WeChat Official Account: vcbeat) has learned that Paradigm Complex Care Solutions (“Paradigm”), a healthcare program management company, recently announced the acquisition of the insurer Restore Rehabilitation. This acquisition will strengthen Paradigm’s Complex Injury Health Recovery Program Management Division, which focuses on delivering medical care solutions designed to reduce costs for employers associated with complex injury claims while providing injured workers with superior health recovery services.

Restore Rehabilitation will be integrated into Complex Care Solutions and will operate under the Paradigm name. Following this acquisition, Paradigm will provide telehealth consultation services nationwide and on-site services in 27 U.S. states. The specific acquisition amount was not disclosed.

Paradigm, founded in 1991 and headquartered in California, USA, is an industry leader in managing complex injury cases and improving the lives of injured individuals. Leveraging a team with extensive experience in the healthcare sector, Paradigm customizes health recovery service plans for individuals and their families. In addition to health recovery program management, Paradigm provides physician consultation services, pain management, and return-to-work services for injured workers.

Paradigm delivers solutions through three divisions: Catastrophic Injury Management, Complex Case Management, and Provider Network Services. Paradigm was built by integrating the expertise and management capabilities of five leading companies: Paradigm Outcomes, ALARIS Group, Encore Unlimited, ForeSight Medical, and Adva-Net.

Restore Rehabilitation, headquartered in Maryland, USA, is an insurance company that provides health recovery program management solutions and workers' compensation plans. The company offers evidence-based interventions to deliver health recovery solutions for clients affected by catastrophic accidents, motor vehicle collisions, workplace injuries, and other incidents, aiming to mitigate the impact of such events on injured workers, employers, and insurers.

“This acquisition enables Paradigm’s complex injury health recovery project management team to better and more professionally provide industry-leading health recovery services to injured workers,” said Marijo Storment, CEO of Paradigm. “Our goal is to build a benchmark enterprise in health recovery project management. Restore Rehabilitation boasts an excellent project management team, which will empower us to serve more clients across China.”

“Restore Rehabilitation has established a robust network of program managers dedicated to delivering evidence-based interventions that promote the health recovery of injured workers through effective and cost-efficient solutions,” said Pamela Anthony, CEO of Restore Rehabilitation. “Our team aligns with Paradigm’s values and service philosophy. I look forward to collaborating with John Watts, Marijo Storment, and the entire Paradigm team to provide top-tier services and support to more injured workers.”

Reference Link:

https://restorerehab.biz/

https://www.biospace.com/article/releases/paradigm-announces-acquisition-of-restore-rehabilitation/?s=61

https://www.prnewswire.com/news-releases/paradigm-announces-acquisition-of-restore-rehabilitation-300821844.html

(Compiled by Liu Na)