Paradigm Outcomes, a Walnut Creek, CA-based company managing catastrophic and complex cases for the workers’ compensation industry, received a a majority investment from Omers Private Equity.
The amount of the deal was not disclosed.
Omers Private Equity is the private equity arm of Omers, the defined benefit pension plan for municipal employees in Ontario, Canada.
As part of the transaction, existing investor Summit Partners will remain a significant shareholder in the business.
Led by John Watts, CEO, Paradigm provides management services to improve health outcomes and lower medical spend for high-cost, complex cases. The Paradigm Outcomes business provides clinically-driven comprehensive care management programs for people with catastrophic injuries.
Its wholly owned subsidiaries include Alaris Encore, ForeSight Medical and Adva-Net.