M&A Deal Summary

OMERS Private Equity Acquires Paradigm Outcomes

On September 20, 2018, private equity firm OMERS Private Equity acquired healthcare services company Paradigm Outcomes from Summit Partners

Acquisition Highlights
  • This is OMERS Private Equity’s 7th transaction in the Healthcare Services sector.
  • This is OMERS Private Equity’s 19th transaction in the United States.
  • This is OMERS Private Equity’s 2nd transaction in California.

M&A Deal Summary
Date 2018-09-20
Target Paradigm Outcomes
Sector Healthcare Services
Buyer(s) OMERS Private Equity
Sellers(s) Summit Partners
Deal Type Secondary Buyout

Target

Paradigm Outcomes

Walnut Creek, California, United States
Paradigm Outcomes is a provider of managed care services for persons with catastrophic injuries from the workplace. Paradigm, through its proprietary databases, processes and medical network, achieves improved outcomes for injured workers as well as significant savings for insurers and other parties involved in their care. Paradigm Outcomes was founded in 1991 and is based in Walnut Creek, California.

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Buyer(S) 1

Buyer

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.

DEAL STATS #
Overall 42 of 55
Sector (Healthcare Services) 7 of 10
Type (Secondary Buyout) 23 of 33
State (California) 2 of 2
Country (United States) 19 of 28
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-28 Premise Health

Brentwood, Tennessee, United States

Premise Health is the direct healthcare company pioneering new models to deliver powerfully effortless healthcare. Premise Health delivers unmatched quality, access and value through more than 600 health and wellness centers in 44 states, Guam and Puerto Rico. Premise Health was founded in 2014 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 MDI Achieve

Bloomington, Montana, United States

MDI Achieve, Inc. (MatrixCare) is a provider of software services to EHR for long-term care and senior living provider. MatrixCare is the complete solution for growing organizations that need to successfully manage risk in care delivery across the LTPAC spectrum. Trusted by more than 13,000 facility-based care settings and more than 2,500 home care, home health, and hospice organizations, MatrixCare’s solutions help ACOs, skilled nursing and senior living providers, life plan communities (CCRCs), and home health organizations to connect, collaborate and prosper as we migrate to a fee-for-value healthcare system. In addition to EHR components purpose-built for any LTPAC care-setting, MatrixCare also includes solutions to systematically increase clinical quality: Enterprise Analytics, robust Clinical Decision Support, and the industry’s first Care Coordination platform to create a true, person-centric, e-longitudinal health record and enable LTPAC providers to efficiently manage the populations under their care.

Sell $750M

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 230 of 285
Sector (Healthcare Services) 27 of 33
Type (Secondary Buyout) 40 of 59
State (California) 53 of 62
Country (United States) 207 of 246
Year (2018) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-29 OnRobot

Odense, Denmark

OnRobot is a provider of hardware and software that help customers take full advantage of the benefits of collaborative robot applications: ease of use, cost-effectiveness and safe use alongside human workers. OnRobot integrates grippers, sensors and software to facilitate the deployment of robots in a broad set of industries and end-use collaborative applications, including packaging, quality testing, material handling, machine tending and assembly. OnRobot was formed in 2015 and is based in Odense, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 COMS Interactive

Hudson, Ohio, United States

COMS Interactive LLC offers software solutions that help healthcare facilities more effectively treat and monitor their patient population. The company’s software dramatically reduces hospital readmissions, improves patient quality of life, enhances communication among providers, and reduces payer costs. COMS Interactive was founded in 2009 and is based in Hudson, Ohio.

Sell -
Mergr

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