Company news: Paragon Care
Paragon Care, supplier of medical equipment, devices and consumables, held its AGM last Friday. The company provided a trading update in conjunction with the AGM. For the first quarter of FY-17, EBITDA (earnings before interest, tax, depreciation and amortisation) increased 12% over the pcp (prior corresponding period). Paragon is on track to deliver strong earnings growth for FY-17.
Prior year acquisitions are performing ahead of expectations, and the company is adopting a number of strategies to drive product sales, for instance, cross marketing strategies, increasing penetration into aged care, and increasing exposure to the fast growing ophthalmic (eye) maket.