ParagonCare (ASX: PGC) and CH2 have announced a transformative merger, creating a leading healthcare wholesaler, distributor, and manufacturer in the Asia Pacific region. This merger allows ParagonCare to expand its healthcare networks across Australia, New Zealand, and Asia. Highlights include combined estimated FY24 revenues of $3.3 billion, a broad geographic reach spanning 8 countries, significant synergies, and cross-selling opportunities.
The merger, subject to shareholder approval, represents a strategic move to capitalize on growing markets. CH2, with its 85-year history, brings expertise in pharmaceuticals and medical consumables. The merger is expected to yield pro-forma FY24 revenue of $3.3 billion and EBITDA of $93 million, with significant cost efficiencies. Both companies see this merger as a path to greater scale, expanded market reach, and enhanced shareholder value in the dynamic healthcare sector.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
