Paradigm Outcomes Buys Alaris Group
Bloomington-based Alaris Group Inc. will become a subsidiary of Paradigm Outcomes after the two private health care companies announced a purchase agreement on Friday.
In a joint news release, Walnut Creek, California-based Paradigm said both company’s specialties in management services for injury and disability cases would complement one another.
“Our shared focus on outcomes and experience working together on a number of cases give me great confidence that together we can accelerate the growth of both businesses,” Alaris CEO Marijo Storment said in a statement.
Paradigm CEO Jim Hudak said the acquisition would “expand Paradigm’s customer base and add flexibility to respond strategically in regions with growing case volume.”
Paradigm’s primary services are handling what it calls “catastrophic and complex case management” such as traumatic brain injuries, amputations, burns and chronic pain. Alaris offers more generalized services, including workers’ compensation and disability case management.
Alaris currently employs more than 300 workers and offers services in all 50 states.
Terms of the agreement were not disclosed.