M&A Deal Summary

Paragon Care Acquires Scanmedics Pty

On October 1, 2014, Paragon Care acquired distribution company Scanmedics Pty for 4M USD

Acquisition Highlights
  • This is Paragon Care’s 1st transaction in the Distribution sector.
  • This is Paragon Care’s largest (disclosed) transaction.
  • This is Paragon Care’s 1st transaction in Australia.

M&A Deal Summary
Date 2014-10-01
Target Scanmedics Pty
Sector Distribution
Buyer(s) Paragon Care
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Scanmedics Pty

Chatswood, Australia
Scanmedics Pty Ltd. is a provider of solutions to the healthcare sector with expertise in distribution of specialist ultrasound, newborn care, aesthetics and cosmetic medicine and patient temperature management for Australia and New Zealand.

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Buyer(S) 1

Buyer

Paragon Care

Mt Waverley, Australia
Category Company
Founded 1994
Sector Distribution
Employees400
Revenue 308M AUD (2023)
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 1 of 6
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 6
Country (Australia) 1 of 6
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 Meditron Pty

Alexandria, Australia

Meditron Pty Ltd. is a distributor of medical devices. Meditron Pty Ltd. was established in 1987 and is headquartered in Alexandria, Australia.

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