Paragon Care Limited announced the resignation of Mark Hooper from his role as Chief Executive Officer of the Company. The Board of ParagonCare announced that Mark's successor is John Walstab, the current head of ParagonCare Asia. John was the founder of Quantum Health Group Limited which merged with ParagonCare in February 2022.

John is also ParagonCare's shareholder and currently owns approximately 19% of the Company. John will formally commence his new role on 1st October 2023 and Mark will provide support as required to assist John transition into his new role. John brings a wealth of healthcare expertise from both Australia and Asia, ideally positioning him as a leader for ParagonCare's next phase.

Prior to his role at Quantum Healthcare, John served as the Managing Director of Advanced Technology Laboratories, among other healthcare roles. His diverse experience makes him exceptionally well-qualified to steer ParagonCare toward a prosperous future in this evolving market.