Home > About Us > Paragon Care Acquisition of Axishealth
PARAGON CARE LIMITED (ASX Code: PGC)
COMPLETES ACQUISITION OF AXISHEALTH PTY LTD
AND APPOINTS TWO NEW DIRECTORS
Paragon Care Limited (Company) advises that it has completed the settlement for the acquisition of all the issued capital of Axishealth Pty Ltd (Axishealth) and it has now become a wholly part of the Paragon Group. The acquisition of Axishealth heralds an exciting new phase of the Company's development.
Axishealth was established in 2002 by Mr Brett Cheong and is a significant supplier of Durable Medical Equipment (DME) to the Australian health and aged care sector including hospitals, aged care facilities, general practitioners and pharmacies. Products include medication carts, electronic hospital beds, IV stands and sophisticated paediatric cots.
Mr Cheong, the vendor of Axishealth, has more than 30 years experience in the sector and has been appointed as a non-executive director of the Company following completion of the Axishealth acquisition. The directors welcome Mr Cheong to the Board
The Company has appointed Mr Tim Blanche as the Chief Executive Officer of Axishealth and he has also been appointed as an executive director of the Company following completion of the Axishealth acquisition. Mr Blanche has over 25 years of healthcare experience within the Australian healthcare industry and has held multiple positions in both the public and private sectors, as an employee, consultant and owner of healthcare businesses including pathology and medical centres. The directors look forward to Mr Blanche's contribution to the Company.
