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Form SC 13G/A Outset Medical, Inc. Filed by: WARBURG PINCUS LLC

February 11, 2022 4:13 PM EST



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Outset Medical, Inc.
 (Name of Issuer)
 
Common Stock, $0.001 par value per share
(Title of Class of Securities)
 
690145107
(CUSIP Number)

December 31, 2021
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
Rule 13d-1(b)
     
 
Rule 13d-1(c)
     
 
Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
Schedule 13G
   
CUSIP 690145107
 
Page 2 of 16
 

 
1
NAMES OF REPORTING PERSONS
 
 
 
Warburg Pincus LLC
 
 
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a)
 
 
 
(b)
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
New York
 
 
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 
0
 
 
 
 
 
 
6
SHARED VOTING POWER
 
 
 
0
 
 
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
0
 
 
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 
0%
 
 
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
OO
 
 
 
 
 



 
Schedule 13G
   
CUSIP 690145107
 
Page 3 of 16
 

 
1
NAMES OF REPORTING PERSONS
 
 
 
Warburg Pincus X, L.P.
 
 
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a)
 
 
 
(b)
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
Delaware
 
 
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 
0
 
 
 
 
 
 
6
SHARED VOTING POWER
 
 
 
0
 
 
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
0
 
 
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 
0%
 
 
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
PN
 
 
 
 
 



 
Schedule 13G
 
 
CUSIP 690145107
 
Page 4 of 16
 

 
1
NAMES OF REPORTING PERSONS
 
 
 
Warburg Pincus Partners GP LLC
 
 
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a)
 
 
 
(b)
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
Delaware
 
 
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 
0
 
 
 
 
 
 
6
SHARED VOTING POWER
 
 
 
0
 
 
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
0
 
 
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 
0%
 
 
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
OO
 
 
 
 
 



 
Schedule 13G
 
 
CUSIP 690145107
 
Page 5 of 16
 

 
1
NAMES OF REPORTING PERSONS
 
 
 
Warburg Pincus X Partners, L.P.
 
 
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a)
 
 
 
(b)
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
Delaware
 
 
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 
0
 
 
 
 
 
 
6
SHARED VOTING POWER
 
 
 
0
 
 
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
0
 
 
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 
0%
 
 
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
PN
 
 
 
 
 



 
Schedule 13G
 
 
CUSIP 690145107
 
Page 6 of 16
 

 
1
NAMES OF REPORTING PERSONS
 
 
 
Warburg Pincus Private Equity X, L.P.
 
 
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a)
 
 
 
(b)
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
Delaware
 
 
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 
0
 
 
 
 
 
 
6
SHARED VOTING POWER
 
 
 
0
 
 
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
0
 
 
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 
0%
 
 
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
PN
 
 
 
 
 



 
Schedule 13G
 
 
CUSIP 690145107
 
Page 7 of 16
 

 
1
NAMES OF REPORTING PERSONS
 
 
 
Warburg Pincus X GP L.P.
 
 
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a)
 
 
 
(b)
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
Delaware
 
 
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 
0
 
 
 
 
 
 
6
SHARED VOTING POWER
 
 
 
0
 
 
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
0
 
 
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 
0%
 
 
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
PN
 
 
 
 
 



 
Schedule 13G
 
 
CUSIP 690145107
 
Page 8 of 16
 

 
1
NAMES OF REPORTING PERSONS
 
 
 
Warburg Pincus X Finance, L.P.
 
 
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a)
 
 
 
(b)
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
Delaware
 
 
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 
0
 
 
 
 
 
 
6
SHARED VOTING POWER
 
 
 
0
 
 
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
0
 
 
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 
0%
 
 
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
PN
 
 
 
 
 



 
Schedule 13G
 
 
CUSIP 690145107
 
Page 9 of 16
 

 
1
NAMES OF REPORTING PERSONS
 
 
 
Warburg Pincus Partners, L.P.
 
 
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a)
 
 
 
(b)
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
Cayman Islands
 
 
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 
0
 
 
 
 
 
 
6
SHARED VOTING POWER
 
 
 
0
 
 
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
0
 
 
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 
0%
 
 
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
PN
 
 
 
 
 



 
Schedule 13G
 
 
CUSIP 690145107
 
Page 10 of 16
 

 
1
NAMES OF REPORTING PERSONS
 
 
 
Warburg Pincus & Co.
 
 
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
 
(a)
 
 
 
(b)
 
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
Delaware
 
 
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
 
0
 
 
 
 
 
 
6
SHARED VOTING POWER
 
 
 
0
 
 
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
 
0
 
 
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
0
 
 
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 
0%
 
 
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 
PN
 
 
 
 
 



 
Schedule 13G
 
CUSIP 690145107
 
Page 11 of 16

Explanatory Note:
 
The Statement on Schedule 13G originally filed with the Securities and Exchange Commission on February 12, 2021, by the persons named therein, is hereby amended and restated by this Amendment No. 1.

Item 1(a).
Name of Issuer:
 
The name of the issuer is Outset Medical, Inc., a Delaware corporation (the “Issuer”).

Item 1(b).
Address of Issuer’s Principal Executive Offices:
 
The principal executive offices of the Issuer are located at 3052 Orchard Dr., San Jose, California 95134.
 
Item 2(a).
Name of Person Filing:
 
This Schedule 13G is being filed jointly by (i) Warburg Pincus LLC, a Delaware limited liability company (“WP”), (ii) Warburg Pincus X, L.P., a Delaware limited partnership (“WP X LP”), (iii) Warburg Pincus Partners GP LLC, a Delaware limited liability company (“WP Partners GP”), (iv) Warburg Pincus X Partners, L.P., a Delaware limited partnership (“WP X Partners”), (v) Warburg Pincus Private Equity X, L.P., a Delaware limited partnership (“WP X”), (vi) Warburg Pincus X GP L.P., a Delaware limited partnership (“WP X GP”), (vii) Warburg Pincus X Finance, L.P., a Delaware limited partnership (“WP X Finance”), (viii) Warburg Pincus Partners, L.P., a Delaware limited partnership (“WP Partners”), (ix) Warburg Pincus & Co., a  New York general partnership (“WP”)((i) through (ix), each, a “Warburg Pincus Reporting Person”).
 
Item 2(b).
Address of Principal Business Office or, if none, Residence:
 
The principal business address of each of the Warburg Pincus Reporting Persons is 450 Lexington Avenue, New York, New York 10017.
 
Item 2(c).
Citizenship:
 
See Item 2(a).
 
Item 2(d).
Title and Class of Securities:
 
Common Stock, par value $0.001 per share (the “Common Stock”).
 


 
Schedule 13G
 
CUSIP 690145107
 
Page 12 of 16
 
Item 2(e).
CUSIP No.:
 
690145107
 
Item 3.
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a(n):
 
(a)
Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o).
 
 
 
(b)
Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c).
 
 
 
(c)
Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c).
 
 
 
(d)
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
 
 
 
(e)
Investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
 
 
 
(f)
Employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
 
 
 
(g)
Parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
 
 
 
(h)
Savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (13 U.S.C. 1813).
 
 
 
(i)
Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3).
 
 
 
(j)
Non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J).
 
 
 
(k)
Group, in accordance with §240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Not applicable.

Item 4.
Ownership
 
The information required by Items 4(a)-(c) is set forth in Rows 5-11 of the cover page hereto for each Warburg Pincus Reporting Person and is incorporated herein by reference for each such Warburg Pincus Reporting Person.

The Warburg Pincus Reporting Persons no longer beneficially own any shares of Common Stock of the Issuer.
 
Item 5.
Ownership of Five Percent or Less of a Class.
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following .
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
Not applicable.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported On by the Parent Holding Company or Control Person.
 
Not applicable.
 


 
Schedule 13G
 
CUSIP 690145107
 
Page 13 of 16
 
Item 8.
Identification and Classification of Members of the Group.
 
Not applicable.

Item 9.
Notice of Dissolution of Group.
 
Not Applicable.
 
Item 10.
Certifications.
 
Not Applicable.


 
Schedule 13G
 
CUSIP 690145107
 
Page 14 of 16
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2022
 
   
 
WARBURG PINCUS LLC
 
 
 
By:
/s/ Harsha Marti
 
Name:
Harsha Marti
 
Title:
Managing Director
 
 
 
WARBURG PINCUS X, L.P.
 
 
 
By: Warburg Pincus X GP L.P., its general partner
 
By: Warburg Pincus Partners GP LLC, its general partner
 
By: Warburg Pincus Partners, L.P., its managing member
 
By: Warburg Pincus & Co., its managing member
 
 
 
By:
/s/ Harsha Marti
 
Name:
Harsha Marti
 
Title:
Partner
   
 
WARBURG PINCUS PARTNERS GP LLC
 
 
 
By: Warburg Pincus & Co., its managing member
 
 
 
By:
/s/ Harsha Marti
 
Name:
Harsha Marti
 
Title:
Partner


 
Schedule 13G
   
CUSIP 690145107
 
Page 15 of 16
 

 
WARBURG PINCUS X PARTNERS, L.P.
 
 
 
By: Warburg Pincus X, L.P., its general partner
 
By: Warburg Pincus X GP L.P., its general partner
 
By: Warburg Pincus GP LLC, its general partner
 
By: Warburg Pincus Partners, L.P., its managing member
 
By: Warburg Pincus & Co., its managing member
 
  
 
By:
/s/ Harsha Marti
 
Name:
Harsha Marti
 
Title:
Partner

   
 
WARBURG PINCUS PRIVATE EQUITY X, L.P.
 
 
 
By: Warburg Pincus X, L.P., its general partner
 
By: Warburg Pincus X GP L.P., its general partner
 
By: Warburg Pincus Partners GP LLC, its general partner
 
By: Warburg Pincus Partners, L.P., its managing member
 
By: Warburg Pincus & Co., its managing member
 
 
 
 
By:
/s/ Harsha Marti
 
Name:
Harsha Marti
 
Title:
Partner
   
 
WARBURG PINCUS X GP L.P.
 
 
 
By: Warburg Pincus Partners GP LLC, its general partner
 
By: Warburg Pincus Partners, L.P., its managing member
 
By: Warburg Pincus & Co., its managing member
 
  
 
By:
/s/ Harsha Marti
 
Name:
Harsha Marti
 
Title:
Partner



 
Schedule 13G
   
CUSIP 690145107
 
Page 16 of 16
 

 
WARBURG PINCUS X FINANCE, L.P.
 
 
 
 
By: Warburg Pincus X GP, L.P., its managing general partner
 
By: Warburg Pincus Private Equity X, L.P., its general partner
 
By: Warburg Pincus X, L.P., its general partner
 
By: Warburg Pincus X GP L.P., its general partner
 
By: Warburg Pincus Partners GP LLC, its general partner
 
By: Warburg Pincus Partners, L.P., its managing member
 
By: Warburg Pincus & Co., its managing member
 
 
 
 
By:
/s/ Harsha Marti
 
Name:
Harsha Marti
 
Title:
Partner
 
 
 
 
WARBURG PINCUS PARTNERS, L.P.
 
 
 
 
By: Warburg Pincus Partners GP LLC, its general partner
 
By: Warburg Pincus & Co., its managing member
 
 
 
 
By:
/s/ Harsha Marti
 
Name:
Harsha Marti
 
Title:
Partner
 
 
 
 
WARBURG PINCUS & CO.
 
 
 
 
By:
/s/ Harsha Marti
 
Name:
Harsha Marti
 
Title:
Partner











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