Insight, analysis & opinion from Joe Paduda
Summer isn’t off to a sunny start for OneCall. Two good-sized customers are moving their business to other suppliers. Sources indicate concerns over OCCM’s financial situation led to the switch to other vendors for transportation, PT, imaging, DME and home … Continue reading Quick update on OneCall
Read More...On its third CEO in four years and facing a tough financial picture, it’s time to think thru the challenges facing OneCall in 2019. First, workers’ comp is a declining business – claim counts continue to fall. When you’re as … Continue reading OneCall – what’s next?
Read More...If there was ever an impossible-to-predict year, 2019 is it. An unstable White House, divided Congress, uncertain-at-best economic outlook, contentious relations with Russia, China, and North Korea, Brexit…jeez I yearn for the days of boredom. But, far be it from … Continue reading Predictions for workers’ comp in 2019
Read More...Most times I’m right, sometimes I’m not – at least that’s what I want to believe. I’ll let you be the judge – here’s how I did on my predictions for 2018. A lifetime ago here’s what I said would … Continue reading 2018 Predictions – how did I do?
Read More...Random takes from the first day of the National WC Conference. myMatrixx landed the party spot of the Conference; SkyFall atop the Delano last night. First class event, lots of fun people, and great way to start the week. The … Continue reading Vegas – Day One
Read More...WorkCompWire’s Leaders’ Speak column features a two-parter from Jack Bailey of Bailey Southwell. He has worked on a lot of transactions in our space and knows a lot about deal-making. Bailey’s point about the growing importance of technology, and specifically … Continue reading Work comp services: Specialize or Generalize?
Read More...Several years ago it was smaller private equity firms who bought companies for $75 – $200 million, built them up, and sold them off. Then it was the bigger PE firms who put together a couple of these and hoped … Continue reading Who’s investing in work comp services now?
Read More...Paradigm announced it is purchasing Adva-Net, a Florida-based company with a network of pain management providers. While terms weren’t disclosed, word is the price was north of $105 million, a very healthy multiple of earnings. I interviewed Paradigm CEO John … Continue reading The latest deal in workers’ comp services
Read More...Frank Pennachio is one of those people every industry really needs. He’s blunt, outspoken, deeply insightful and completely unafraid to challenge established practices. Especially when those practices need to be challenged. Thursday at NWCDC, Frank and Denise Algire discussed the … Continue reading Uncomfortable truths at NWCDC
Read More...There are two big takeaways – the price, and why Paradigm paid so much. Sources indicate Paradigm has bought Foresight for around $150 million, a huge multiple for a relatively small company with trailing earnings of less than $5 million. … Continue reading Why the Foresight deal is different.
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