M&A Deal Summary

Paragon Care Acquires Electro Medical Group Pty

On September 13, 2016, Paragon Care acquired medical products company Electro Medical Group Pty for 4M USD

Acquisition Highlights
  • This is Paragon Care’s 4th transaction in the Medical Products sector.
  • This is Paragon Care’s 2nd largest (disclosed) transaction.
  • This is Paragon Care’s 5th transaction in Australia.

M&A Deal Summary

Date 2016-09-13
Target Electro Medical Group Pty
Sector Medical Products
Buyer(s) Paragon Care
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Electro Medical Group Pty

Belmont, Australia
website
Electro Medical Group Pty Ltd. is a provider of equipment maintenance and repair services for medical and scientific sectors. Electro Medical Group Pty Ltd. was established in 2003 and is headquartered in Belmont, Australia.

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Buyer(S) 1

Buyer

Paragon Care

Melbourne, Australia

website


Category Company
Founded 1994
Sector Distribution
Employees400
Revenue 232M AUD (2020)
DESCRIPTION

Paragon Care is a provider of integrated services to australia’s health and aged care markets. Paragon Care has seven operating businesses: Axishealth, Iona Medical, Volker Australia, Rapini, GM Medical, Richards Medical, LR Instruments and Scanmedics who combined supply distributes medical equipment, consumable medical products and medical devices to hospitals, medical centres and aged care facilities. Paragon Care was founded in 1994 and is based in Melbourne, Australia.


DEAL STATS #
Overall 5 of 6
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 5 of 6
Country (Australia) 5 of 6
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-15 Western Biomedical Pty

Osborne Park, Australia

Western Biomedical Pty Ltd. is a supplier of medical and surgical supplies to hospitals and specialists in Western Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 Medtek Pty

Parramatta Park, Australia

Medtek Pty Ltd. is a provider of quality biomedical engineering services and preventative maintenance to the Medical, Scientific, Aged Care and Allied Health clientele in the region. Medtek Pty Ltd. was established in 1993 and is based in Parramatta Park, Australia.

Buy -