The Directors of Paragon Care (PGC) are pleased to announce that following a competitive and extensive tender process, the Company has been awarded a major hospital patient bed contract with St Vincent’s Hospital (Melbourne) Limited, Melbourne Australia. Paragon Care will be supplying 400 Volker hospital patient beds and associated furniture to St Vincent’s Hospital over the period August 2011 to February 2014, with the first 150 beds to be delivered before the end of December 2011. The total value of the contract is approximately $2 million.
Paragon Care CEO, Mark Simari said “This contract with St Vincent’s is a major achievement for the company and continues the increasing presence that Paragon Care is establishing as a leading distributor to the health and aged care sectors of a wide range of durable medical equipment. This is our most comprehensive acute care hospital patient bed contract to date where we will be supplying premium Volker patient beds into St Vincent’s Hospital (Melbourne). It is also the largest contract won by Paragon Care and comes soon after Paragon being recently awarded the Royal Children’s Hospital tender in Melbourne which was in excess of $1.6m. This contract clearly demonstrates the enhanced capabilities of Paragon Care following the acquisition of several successful health and aged care businesses and the benefits that have flowed from merging and integrating these businesses.”
Paragon Care Limited (PGC) has a vision to be one of Australia’s leading providers of integrated services to Australia’s health and aged care markets. These are high growth markets driven by the ageing of the population, continuously rising consumer expectations and increasing government spending. Paragon Care has five operating businesses: Axishealth, Iona Medical, Volker Australia, Rapini and GM Medical who combined supply durable medical equipment to hospitals, medical centres and aged care facilities.