Company news: Paragon Healthcare
Paragon Healthcare, in which you have a small holding, put out a company update, noting that the business is trading at expectations and is looking to finish the financial year strongly. Pleasingly, post the three large acquisitions made this financial year, the business is settling down nicely, operating cash-flow has strengthened, and all businesses have experienced organic growth. Paragon is a great little business with strong management in a growing (but fragmented) industry.
First Samuel clients have done well from this company, and we expect good returns to continue for many years.