Paragon Medical was founded in 1991 and supplies complex medical components and tools to original medical device manufacturers in different global markets of the global economy. Thanks to the components from Paragon, equipment is produced in the fields of orthopedics, minimally invasive surgery, robosurgery and drug delivery.
History
2023: Ametek bought Paragon Medical
On November 1, 2023, it became known about a deal between Ametek and Paragon Medical. The manufacturer of medical devices is sold by the investment company American Securities for $1.9 billion. To complete the transaction, the parties need to get the approval of the regulator.
Ametek said the acquisition of Paragon would significantly expand their presence in the medical technology industry and give them entry into new markets, expanding the company's demographic and geographic capabilities.
 | American Securities was an excellent partner for us, with whom we overcame various macroeconomic difficulties and overcame various ambitious goals. Our partnership has allowed us to move forward with our mission to help medical equipment manufacturers and turn innovation into market-leading products, Paragon director Will Borren commented on the deal. |  |
Paragon Medical deals with the supply of medical components and tools for medical equipment manufacturers. Their products and capabilities should work well with Ametek's medical businesses. [1]
Notes
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