M&A Deal Summary

Paragon Care Acquires Medtek Pty

On August 14, 2017, Paragon Care acquired marketing company Medtek Pty

Acquisition Highlights
  • This is Paragon Care’s 1st transaction in the Marketing sector.
  • This is Paragon Care’s 6th transaction in Australia.

M&A Deal Summary

Date 2017-08-14
Target Medtek Pty
Sector Marketing
Buyer(s) Paragon Care
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Paragon Care

Mt Waverley, Australia

Category Company
Founded 1994
Sector Distribution
Employees400
Revenue 3.0B AUD (2024)
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 Mt Waverley, Australia.


DEAL STATS #
Overall 6 of 6
Sector: Marketing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
Country: Australia M&A 6 of 6
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 Electro Medical Group Pty

Belmont, Australia

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.

Buy $4M