Secondary Buyout • Healthcare Services

OMERS Private Equity and Summit Partners Acquire Paradigm Outcomes

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

Acquisition Context
  • This is OMERS Private Equity’s 7th and Summit Partners’ 38th transaction in the Healthcare Services sector.
  • This is OMERS Private Equity’s 19th and Summit Partners’ 281st transaction in the United States.
  • This is OMERS Private Equity’s 2nd and Summit Partners’ 68th transaction in California.

Explore All 462 Secondary Buyout Healthcare Services Deals - Search the Database Free


M&A Deal Summary

Date September 20, 2018
Target Paradigm Outcomes
Sector Healthcare Services
Buyer(s) OMERS Private Equity
Summit Partners
Sellers(s) Summit Partners
Deal Type Secondary Buyout

Target Company

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.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyers Overview 2

Buyer

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 27.5B 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 Context for Buyer #
Overall 43 of 57
Sector: Healthcare Services 7 of 9
Type: Secondary Buyout 23 of 34
State: California 2 of 2
Country: United States 19 of 30
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 is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 MatrixCare

Bloomington, Minnesota, United States

MatrixCare enables long-term, post-acute care (LTPAC) organizations to provide better health outcomes for seniors while successfully managing risk in out-of-hospital care delivery. MatrixCare is trusted by thousands of senior living, skilled nursing, and accountable care organizations; life plan communities; and private-duty, home health, and hospice agencies. MatrixCare’s active care management platform helps providers connect and collaborate to keep America’s seniors healthy and optimize outcomes for the populations under their care.

Sell $750M
Buyer

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B 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 Context for Buyer #
Overall 324 of 415
Sector: Healthcare Services 38 of 46
Type: Secondary Buyout 18 of 29
State: California 68 of 77
Country: United States 281 of 335
Year: 2018 14 of 17
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 -

Seller Profile 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B 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 Context for Seller #
Overall 230 of 298
Sector: Healthcare Services 27 of 34
Type: Secondary Buyout 40 of 64
State: California 53 of 64
Country: United States 207 of 258
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 -