Paragon Care Limited (PGC)

Paragon Care is currently focused on integrating its significant recent acquisitions, such as Quantum Health Group and SMS, to build scale and realise cost synergies. Recent performance has shown strong top-line revenue growth driven by this M&A activity, establishing it as a major player in the ANZ healthcare distribution market. However, the company has faced margin pressure from increased supply chain costs, freight expenses, and the ongoing costs of integrating disparate business systems.

The company's growth strategy is twofold: pursuing further bolt-on acquisitions to expand its product portfolio and geographic reach, and driving organic growth by cross-selling products across its newly integrated business units. Key catalysts include the successful integration of its acquisitions leading to margin expansion, securing new exclusive distribution agreements with international medical technology companies, and benefiting from the long-term demographic tailwind of an ageing population which increases demand for healthcare services and equipment.