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Paragon Care Ltd

Paragon Care has a new asset in its sights

Paragon has been acquiring businesses in the healthcare sector.

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The company's shares are in pre-open

Paragon Care Ltd (ASX:PGC) is back on the acquisition trail, with the ASX granting the company a trading halt this morning pending its next bolt on.

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.

Quick facts: Paragon Care Ltd

Price: $0.40

Market: ASX
Market Cap: $133.46 m
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