PARAGON CARE LIMITED Paragon Care Limited (ASX:PGC) agreed to acquire Specialist Medical Supplies Limited for AUD 16.4 million on August 24, 2022. The transaction will be funded by 20% scrip and 80% cash and an earnout payment based on 1.5 times any growth in EBITDA in the first 12 months. The current maintainable EBITDA is approximately AUD 3.0 million per annum.
The deal is expected to be completed by the end of August 2022. As of September 12, 2022, Paragon Care issued 7,773,570 fully paid ordinary shares to vendors of Specialist Medical Supplies. The cash portion of the transaction was funded from existing facilities.
