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HomeminewsParagon Acquires Designs for Vision

Paragon Acquires Designs for Vision

Designs for Vision (DFV) has been acquired by Australian publically-listed company Paragon Care (PGC) in a move that offers greater security and opportunity for growth, says Brad Grills, who co-owned the company with business partner Nikolas Apostolou.[/vc_column_text][/vc_column]

Mr. Grills said the decision would not impact staff or clients. “Nothing changes. Our new boss (Mark Simari) has indicated no-one at DFV will lose their jobs and for optometrists and ophthalmologists, it is business as usual. There is not another optometry or ophthalmology distributor under the Paragon umbrella. Like many other companies, they’ve seen a huge market in eye balls and so they’re bolting companies like ours on to theirs.”

Designs for Vision was one of three companies that Paragon Care acquired. The others were Western Biomedical Pty Ltd and Meditron Pty Ltd.

In a statement Paragon Care’s Managing Director Mr. Mark Simari said, “The acquisitions are consistent with the company’s strategy to become one of Australia’s leading providers of medical equipment and consumable products to the health and aged care sector throughout Australia and New Zealand. The new businesses will enhance the company’s strong organic growth profile, while lowering overall risk through product and geographic diversification. All three businesses come with exceptional management and executive teams that will be retained post- acquisition and partner with Paragon to transition their businesses onto the Company’s healthcare platform.”