Lightyear Capital sold Paradigm Outcomes to Summit Partners.

Lightyear Capital sold Paradigm Outcomes, the largest nationwide provider of outsourced catastrophic workers’ compensation case management services for insurance companies and self-insured employers, to Summit Partners. Financial terms were not disclosed. “We are very pleased with the outcome of this investment in Paradigm,” said Donald B. Marron, Chairman and Founder of Lightyear. “Under Lightyear’s ownership, Paradigm’s management successfully positioned the firm for the future with strong revenue and EBITDA growth in the three years we have owned the business.”