Paragon Care acquires Meditron

Paragon Care Limited (“Company”) is pleased to advise that it has today, 8 October 2015, settled the acquisition of Meditron Pty Ltd (Meditron). Details of the Meditron acquisition were provided in the Rights Issue Information Booklet and NOtice of General Meeting, both lodged with ASX on 26 August 2015.

As part of the settlement consideration and as approved at the General Meeting of 28 September 2015 the Company has issued 1,886,792 new shares. The Cleansing Notice and Appendix 3B for the issue follows this announcement. The Company expects to settle the acquisitions of Designs For Vision and Western Biomedical within the next ten days.