Consolidation in work comp services – speculating on Paradigm’s future
Last week we pondered Mitchell’s future; as (perhaps) the largest WC entity outside the TPA space Mitchell/Genex/Coventry has an enviable position – albeit one that is by no means dominant.
Today our attention turns to Paradigm, a company I’ve written about…a lot.
I wrote this four years ago...
I’ll admit to wavering between being impressed with Paradigm and thinking it won’t ever become a significant force in the industry. As noted previously, the company has been around for the better part of three decades, and throughout that time has seemed to be just a year or so away from really breaking out.
Today’s no different.
While a lot has happened since then, it hasn’t changed my mind.
Paradigm was acquired by Omers, a Canadian investment firm three years ago; since then it has: