Neuberger Berman Capital Solutions Completes Strategic Investment in Paradigm

New York, July 2, 2025 – Neuberger Berman Capital Solutions (“NB Capital Solutions”) announced today a strategic investment in Paradigm (“the Company”). OMERS Private Equity (“OMERS”) and Summit Partners will maintain their interest in the Company.

Based in Walnut Creek, California, Paradigm is a premier risk-taking organization focused on managing complex, high-cost cases and conditions for payors in the U.S. workers’ compensation and healthcare markets. For more than 30 years, Paradigm has specialized in accountable care management for people with complex injuries and diagnoses. Paradigm leverages nationally recognized doctors, expert clinical staff, and its specialty network capabilities, as well as clinical data from thousands of prior cases to help inform decisions, deliver market-leading clinical outcomes and lower cost of care. Paradigm’s My Surgery shared decision support program, offered through health plans and employer groups, has been used by more than one million health care consumers to support more informed surgical decision making.

“Paradigm has a long history of successfully helping patients recover from significant injury utilizing a range of clinical resources. We are excited to make an investment in the Company, and look forward to partnering with management, OMERS, and Summit Partners over the years to come.” – J.T. Munch, Managing Director, NB Capital Solutions

“We are proud to have the support of the Neuberger Berman team,” said John Watts, CEO, Paradigm. “Neuberger Berman’s investment, together with continued support from the OMERS and Summit teams, will enable continued innovation as we partner with clients and patients to raise the standard for managing complex healthcare needs.”

“We’re excited to work with NB Capital Solutions, whose alignment with Paradigm’s mission and enthusiasm for expanding our value proposition into new markets make them an ideal partner. We believe this next phase of growth will position Paradigm as the definitive leader in complex care management for all patients.” – Geoffrey Bird, Managing Director, OMERS Private Equity

Latham & Watkins LLP and Morgan Stanley & Co. LLC served as legal counsel and financial advisor, respectively, to NB Capital Solutions. Weil, Gotshal & Manges LLP served as Paradigm’s counsel.

About NB Capital Solutions

NB Capital Solutions provides bespoke capital solutions to private equity-owned companies, enabling sponsors and management teams to achieve long-term strategic objectives. NB Capital Solutions manages ~$10 billion in capital commitments and has made investments in over 100 companies across its three funds. For more information, please visit www.nbcapitalsolutions.com

About Paradigm

Paradigm is an accountable specialty care management organization focused on improving the lives of people with complex injuries and diagnoses. The company has been a pioneer in value-based care since 1991 and has an exceptional track record of generating the very best outcomes for patients, payers, and providers. The company delivers risk-based clinical solutions, specialty networks, shared decision support, and payment integrity programs that impact the most challenging diagnoses, surgical complications, and cost drivers in the workers’ compensation and healthcare markets. For more information, please visit www.paradigmcorp.com

About OMERS Private Equity

OMERS Private Equity manages investments globally on behalf of OMERS, one of Canada’s largest defined benefit pension plans, with C$138.2 billion in net assets as of December 31, 2024, including approximately C$27.5 billion in net private equity investment asset exposure. The Buyout team invests across Industrials, Healthcare, Business Services and Technology, deploying an evergreen capital base to partner with strong management teams and transform good companies into industry leaders. For more information, please visit www.omersprivateequity.com.

About Summit Partners:

Summit Partners is a leading growth-focused investment firm. Summit invests across growth sectors of the economy and, since the firm’s founding in 1984, has invested in more than 550 companies in technology, healthcare and other growth industries. These companies have completed more than 175 public equity offerings, and more than 250 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe and seeks to invest in category-leading, profitable growth companies worldwide. For more information, please see www.summitpartners.com or follow on LinkedIn.

Media Contact:

Fiona Kehily, Fiona.Kehily@nb.com