ImageFIRST Announces Richard Paradise as New CFO
The National Linen Provider Selects Richard Paradise to Lead Financial Team and Aid Strategic Growth Initiatives as New Chief Financial Officer
KING OF PRUSSIA, Pa., June 28, 2022 – ImageFIRST Healthcare Laundry Specialists (ImageFIRST), the largest national provider of linen and laundry services for the healthcare industry, announced today that Richard Paradise has been named their new Chief Financial Officer, succeeding Jim Malandra. Paradise will report to President and CEO Jim Cashman as part of the company’s executive leadership team.
Prior to joining ImageFIRST, Rich most recently served as a consultant for multiple small and large private equity-owned companies, including Thayer Power & Communication Line Construction Company, KSI Trading Corp, and Interior Logic Group. In these roles, Rich was responsible for overseeing strategic and tactical planning to support senior leadership, participating in the development of monthly reporting and Board presentation materials, co-leading the development of analytical tools designed to improve profitability, and identifying opportunities to drive operational productivity. Rich has also served as the Chief Financial Officer at several medium and large private and public companies, including The Dematic Group, Keystone Automotive Operations, The Children’s Place Retail Stores, and American Standard’s Bath and Kitchen Division, leading the execution of various strategic and tactical initiatives through periods of significant company growth.
“Rich is an exceptionally qualified financial executive, joining us at a time when we are hyper-focused on accelerating towards an exciting future,” ImageFIRST President and CEO, Jim Cashman said. “We look forward to the contribution that Rich will make in driving key goals and strategic initiatives.”
“I can’t imagine a better time to join ImageFIRST, especially in this period of tremendous growth,” Paradise said. “I’m thrilled to have the opportunity to be a part of this world-class organization and team.”
Paradise will succeed Jim Malandra, who has served as the ImageFIRST CFO for thirteen years. Malandra will shift to a short-term advisory role, aiding in the transition to Paradise.
Richard brings to ImageFIRST decades of executive leadership experience in the areas of corporate finance, financial planning, operations, and strategy. Richard holds an MBA in Finance from Rutgers Graduate School of Management and is a certified Six Sigma Black Belt.
Founded in 1967, ImageFIRST® is the largest and fastest-growing national linen rental and laundry service specializing in the healthcare market. Acquired by private equity firm Calera Capital in 2018, ImageFIRST serves medical facilities nationwide providing linen, patient gowns, scrubs, and more while managing their clients’ linen inventory for cost management. With a customer retention rate of over 97%, ImageFIRST is dedicated to improving staff and patient satisfaction through their quality linen and remarkable service. As leaders in infection prevention, they currently own and operate the most HLAC-accredited facilities in the industry. For more information, visit imagefirst.com.