Medical equipment maker ParagonCare (ASX: PGC) has announced a “transformative” merger with CH2 Holdings to create a premier healthcare wholesaler, distributor and manufacturer operating across growing markets in the Asia Pacific region.
The proposed merger signals a strategic move to capitalise on combined operational capabilities and will enable ParagonCare to expand into new networks across Australia, New Zealand and Asia including Singapore, Malaysia and Indonesia.
Under the terms of the proposal, ParagonCare will acquire CH2 Holdings in exchange for the issue of 943.5 million of…
