- Business
- Paragon Care Limited (ASX:PGC) is an Australia-based healthcare company that supplies medical equipment, devices, consumables, and related services to acute care, aged care, veterinary, and ancillary healthcare markets across Australia, New Zealand, and Asia. The company operates through four specialty pillars, including Capital & Consumables encompassing durable medical equipment, pharmaceuticals, nutritional products, over-the-counter items, and medical supplies; Specialty Diagnostics featuring reagent red blood cells, monoclonal blood grouping reagents, ancillary immunohematology products, and laboratory equipment; Specialty Devices covering eye care solutions for optometry and ophthalmic surgery, orthopaedic prosthetics for hips and knees, pain management systems, robotics, dental services, and aesthetics products; and Service & Technology providing equipment maintenance, repairs, preventative programs, technical support, and lifecycle management via a network of over 50 engineers.
Founded in 1994 and headquartered in South Melbourne, Victoria, Paragon Care serves healthcare providers, hospitals, laboratories, aged care facilities, and veterinary practices with a focus on advanced technology solutions driven by ageing populations and rising healthcare demands.
In June 2024, Paragon Care completed a major merger with CH2 Holdings Pty Limited (also known as Clifford Hallam), integrating distribution of pharmaceuticals, medical consumables, and nutritional products to create a leading healthcare wholesaler and distributor with enhanced scale across Australia, New Zealand, and Asia. The company reported underlying revenue exceeding A$3.6 billion and EBITDA of A$95.2 million for the fiscal year ended June 30, 2025, with 20% revenue growth in Asia to A$101 million, alongside launches of new divisions in aesthetics, robotics, and dental services. In November 2025, Paragon Care agreed to acquire Haju Medical, an Indonesian aesthetics services provider, for A$70 million to expand its Asia-Pacific footprint, with completion expected by January 2026 subject to regulatory approvals; this follows strategic expansions supported by new working capital facilities in New Zealand and Thailand.