The Directors of Paragon Care Limited are pleased to announce the agreed acquisition of Electro Medical Group Pty Ltd, for a purchase consideration of $3.9 million in Paragon shares and cash.
Electro Medical Group specialises in providing reliable and high-quality service support and technology management to the Medical, Scientific, Aged Care and Allied Health industry of Australia and New Zealand. EMG has established agreements in place with a number of major healthcare providers throughout the region.
This is exciting acquisition strengthens Paragon Care’s Australian and New Zealand representation and allows Paragon Care to capitalise on the growing demand for the provision of preventative service and maintenance within the health and aged care sector.
To see the announcement on the ASX click here.