Earlier in the year Paragon outlined nine acquisition opportunities in the healthcare sector during the company's $69.8 million capital raising.
Seven of these have been completed so far.
Paragon is also set for a busy June quarter, as historically over a third of the year’s business has normally been transacted during this period.
The company is a provider of medical equipment, devices and consumables for the Australian and New Zealand healthcare market.
The halt will remain in place until the opening of trade on Friday 8 June 2018, or earlier if an announcement is made to the market.