Clarion Capital Partners, LLC Invests in Crowe Paradis Services Corporation
Clarion Capital Partners, LLC, a New York-based private equity firm focused on middle-market, growth-oriented businesses, announced that it has invested in Crowe Paradis Services Corporation (“Crowe Paradis”).
Headquartered in Danvers, Massachusetts, Crowe Paradis is an insurance services firm which offers a national Medicare Set Aside (“MSA”) / Medicare Secondary Payer (“MSP’) statute compliance service. Crowe Paradis was founded in 2002 by Ken Paradis and Michael Crowe, two entrepreneurial attorneys with extensive experience in the group disability, workers’ compensation and health insurance markets.
Crowe Paradis has developed a comprehensive, “best in class” solution to the Medicare Secondary Payer (“MSP”) compliance challenge. Crowe Paradis is the only MSP compliance partner in the marketplace with lawyer and nurse advocates working on each MSA. The Company offers the only advocacy-driven, integrated medical and legal approach in the MSA market today. In addition, through its successful conditional payment lien reduction program and other unique services, Crowe Paradis has become a trusted consultant and provider to many of the largest insurance companies, third party administrators, and self-insured Fortune 1000 companies in the world.
Kenneth J. Paradis, Esq., Chief Executive Officer of Crowe Paradis, said, “We’re very excited to form a partnership with Clarion. We believe that this infusion of capital enables us to translate industry-leading quality into industry-leading scale.”
“Ken and his team have built an exciting Company that is poised for growth. We are pleased to have made this investment and look forward to working with Ken and his senior executives,” commented Eric Kogan, Partner at Clarion.
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