Paragon

AMETEK Completes Acquisition of Paragon Medical

Retrieved on: 
Friday, December 8, 2023
Paragon, Acquisition, NYSE, Elective surgery, Medtech, New product development, AME, Operational excellence, Automation, Instrument, EMG, American Securities, AMETEK

BERWYN, Pa., Dec. 8, 2023 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that it has completed its acquisition of Paragon Medical, a leading provider of highly engineered medical components and instruments, from affiliates of American Securities LLC, in an all-cash transaction valued at approximately $1.9 billion.

Key Points: 
  • BERWYN, Pa., Dec. 8, 2023 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced that it has completed its acquisition of Paragon Medical, a leading provider of highly engineered medical components and instruments, from affiliates of American Securities LLC, in an all-cash transaction valued at approximately $1.9 billion.
  • "We are excited to welcome the Paragon team to AMETEK," said David A. Zapico, AMETEK Chairman and Chief Executive Officer.
  • Paragon Medical serves a wide range of specialty applications including orthopedics, minimally invasive surgery, robotic surgery, and drug delivery.
  • With annual sales of approximately $500 million, Paragon joins AMETEK as part of its Electromechanical Group (EMG), a differentiated supplier of thermal management, automation and engineered solutions.

Petauri™ Elects William Fleming and James Robinson to Its Board of Directors

Retrieved on: 
Wednesday, December 6, 2023
Paragon, Economics, Policy, Organization, Schering-Plough, Doctor of Pharmacy, DePaul University, Government, Transylvania University, Senior management, Patient, PDP-11, Marketing, University, Cancer, Diversified Pharmaceutical Services, Medicare, Health, General Studies, Biology, Public, Management, Pharmaceutical industry, Pharmacy, Alkermes, Humana

NASHVILLE, Tenn., Dec. 6, 2023 /PRNewswire/ -- Petauri Health, a purpose-built pharmaceutical services platform, announced today that two highly regarded healthcare executives, William Fleming and James Robinson, have been elected as members of the company's Board of Directors.

Key Points: 
  • NASHVILLE, Tenn., Dec. 6, 2023 /PRNewswire/ -- Petauri Health , a purpose-built pharmaceutical services platform, announced today that two highly regarded healthcare executives, William Fleming and James Robinson, have been elected as members of the company's Board of Directors.
  • With a nearly 30-year track record at Humana, Dr Fleming is passionate about simplifying healthcare, providing value to consumers, and fostering high-performing teams.
  • Currently the company's Chief Corporate Affairs Officer, William develops and strengthens relationships with government partners to impact public health policy.
  • During his tenure at Humana, William has led various divisions, focusing on clinical integration and improving health outcomes.

Doug VanTassell of Paragon Energy Solutions Featured in CEO Magazine

Retrieved on: 
Wednesday, November 29, 2023
Paragon, Neutron, HIPS, Collaborative innovation network, Kevin T. VanTassell, NuScale Power, Rolls-Royce SMR, Life, Energy Northwest, Void coefficient, Uranium mining

FORT WORTH, Texas, Nov. 29, 2023 /PRNewswire/ -- Doug VanTassell, President and CEO of Paragon Energy Solutions , is featured in the recent issue of CEO Magazine.

Key Points: 
  • FORT WORTH, Texas, Nov. 29, 2023 /PRNewswire/ -- Doug VanTassell, President and CEO of Paragon Energy Solutions , is featured in the recent issue of CEO Magazine.
  • In the article Collaboration & Innovation: The Driving Forces of Paragon Energy Solutions' Success, VanTassell explains his unique vision for Paragon within the nuclear industry.
  • "Paragon is recognized as a truly innovative partner by nuclear stakeholders," VanTassell explains.
  • Critical safety instrumentation systems are another focus in the nuclear industry, and Paragon is a leading innovator in this area with its innovative Highly Integrated Protection System (HIPS) platform.

DEWALT Launches New Revolutionary Line of Residential Level 2 EV Chargers

Retrieved on: 
Tuesday, November 28, 2023
Paragon, Safety, Ford, Wi-Fi, Lightning, Collection, Kyōto Station, Amazon (company), Electric vehicle, Electricity, The Home Depot, EV, Temperature, Ford F-Series, Electric battery, Online shopping

ENGLEWOOD, N.J., Nov. 28, 2023 /PRNewswire-PRWeb/ -- DEWALT, a leader in power tool innovation, has unveiled its groundbreaking line of residential Level 2 Electric Vehicle (EV) Chargers, catering to the growing demand for reliable and efficient charging solutions. The comprehensive line, developed over two years, includes Portable Chargers (16 and 32 Amp), Wall Mounted Chargers (40 and 48 Amp), and a range of adapters and mounting brackets to accommodate diverse driver needs.

Key Points: 
  • To accommodate the growing market of Electric Vehicles, DEWALT introduces a series of Level 2 EV Chargers for residential use, offering portable and home solutions with amperage options ranging from 16 to 48 Amps.
  • ENGLEWOOD, N.J., Nov. 28, 2023 /PRNewswire-PRWeb/ -- DEWALT, a leader in power tool innovation, has unveiled its groundbreaking line of residential Level 2 Electric Vehicle (EV) Chargers , catering to the growing demand for reliable and efficient charging solutions.
  • DEWALT, a pioneer in advancing power tool technology, has revealed its revolutionary collection of Level 2 EV Chargers designed to meet the escalating demand for dependable and effective charging solutions in homes
    The DEWALT EV Charger line combines the best specs found in competitors, all into a single, powerful unit.
  • DEWALT Level 2 Electric Vehicle Chargers are exclusively available at The Home Depot and Amazon.com , garnering excellent 5-star reviews from satisfied customers.

Singtel Applauded by Frost & Sullivan for Its Enabling 5G Technology, Tech Innovation, and Market-leading Position

Retrieved on: 
Tuesday, November 28, 2023
Paragon, SAN, Internet of things, Telecommunications, Intelligence, Automation, ICT, Internet, QOS, Frost, Government, Management, Singtel

SAN ANTONIO, Nov. 27, 2023 /PRNewswire/ -- Recently, Frost & Sullivan researched the 5G platform and enterprise industry and, based on its findings, recognizes Singapore Telecommunications (Singtel) with the 2023 Asia-Pacific (APAC) Enabling Technology Leadership, Technology Innovation Leadership, and Company of the Year Awards. The company is a leading APAC 5G enterprise service provider and is Singapore's largest telecommunications company by subscriptions, and thus, it has a strong brand identity with an immense following among government agencies and enterprises of all sizes. The company has 52 enterprise offices in 18 countries worldwide, and more than 65% of its net profit derived from operations outside of Singapore. With 5G, Singtel provides enterprises with new capabilities e.g., real time visibility and mission critical, to bring new monetization value-addition opportunities with quality of service (QOS) and by enabling intelligence and automation.

Key Points: 
  • With 5G, Singtel provides enterprises with new capabilities e.g., real time visibility and mission critical, to bring new monetization value-addition opportunities with quality of service (QOS) and by enabling intelligence and automation.
  • Singtel's 5G network technology improves latency, optimizes performance, and increases productivity for enhanced business profitability.
  • The Singtel Paragon platform enables better E2E infrastructure visibility, performance assurance, and risk mitigation to better serve the enterprise segment.
  • Singtel brings together a pool of capabilities that enterprises can readily leverage and clearly lead the 5G space regionally.

Singtel Applauded by Frost & Sullivan for Its Enabling 5G Technology, Tech Innovation, and Market-leading Position

Retrieved on: 
Tuesday, November 28, 2023
Paragon, SAN, Internet of things, Telecommunications, Intelligence, Automation, ICT, Internet, QOS, Frost, Government, Management, Singtel

SAN ANTONIO, Nov. 27, 2023 /PRNewswire/ -- Recently, Frost & Sullivan researched the 5G platform and enterprise industry and, based on its findings, recognizes Singapore Telecommunications (Singtel) with the 2023 Asia-Pacific (APAC) Enabling Technology Leadership, Technology Innovation Leadership, and Company of the Year Awards. The company is a leading APAC 5G enterprise service provider and is Singapore's largest telecommunications company by subscriptions, and thus, it has a strong brand identity with an immense following among government agencies and enterprises of all sizes. The company has 52 enterprise offices in 18 countries worldwide, and more than 65% of its net profit derived from operations outside of Singapore. With 5G, Singtel provides enterprises with new capabilities e.g., real time visibility and mission critical, to bring new monetization value-addition opportunities with quality of service (QOS) and by enabling intelligence and automation.

Key Points: 
  • With 5G, Singtel provides enterprises with new capabilities e.g., real time visibility and mission critical, to bring new monetization value-addition opportunities with quality of service (QOS) and by enabling intelligence and automation.
  • Singtel's 5G network technology improves latency, optimizes performance, and increases productivity for enhanced business profitability.
  • The Singtel Paragon platform enables better E2E infrastructure visibility, performance assurance, and risk mitigation to better serve the enterprise segment.
  • Singtel brings together a pool of capabilities that enterprises can readily leverage and clearly lead the 5G space regionally.

ICOM AI (Formerly Konect.ai) and Experian Team Up to Help Automotive Dealers More Effectively Reach Consumers with Open Recalls

Retrieved on: 
Monday, November 20, 2023
Paragon, ICOM, Communication, AI, Safety, SMS, Software as a service, Medical device, Sales, Experian

This joint effort aims to transform how automotive dealerships communicate with their customers about vehicle recalls.

Key Points: 
  • This joint effort aims to transform how automotive dealerships communicate with their customers about vehicle recalls.
  • By integrating Experian's open recall data into the platform, ICOM AI can help dealers identify vehicles with open recalls and offer an industry-leading communication path to notify the dealer's customers.
  • In addition, the ICOM AI platform automates the scheduling of appointments for the necessary repairs.
  • "The integration of Experian data services into our platform represents a significant milestone in our journey to fulfill that vision."

Resilience Healthcare to Implement Altera Digital Health’s Paragon® EHR and Ventus Solutions

Retrieved on: 
Thursday, November 9, 2023
Technology, Medical Devices, Hospitals, Other Technology, Health Technology, Practice Management, Health, General Health, Data Management, Louis A. Weiss Memorial Hospital, Azure, River Forest, Medicare, Physician, Organization, Digital health, Ambulatory care, EHR, Investment, Vanguard Health Systems, Patient, Hospital, Nursing, Paragon

Additionally, the organization will implement Altera’s Ventus Contract Management , Ventus Compliance Advisor and Ventus Intelligent Coding solutions to optimize revenue and reduce compliance risk.

Key Points: 
  • Additionally, the organization will implement Altera’s Ventus Contract Management , Ventus Compliance Advisor and Ventus Intelligent Coding solutions to optimize revenue and reduce compliance risk.
  • Previously, Resilience Healthcare used different EHR systems for acute and ambulatory care.
  • “Healthcare organizations want to get the most out of their substantial IT investments, but for community hospitals, it is absolutely critical,” said Dr. Manoj Prasad, President & Group CEO, Resilience Healthcare.
  • “I look forward to working with the Resilience Healthcare team to ensure smooth implementations and provide support across the organization in the years to come.”
    To learn more about Paragon and Ventus, visit alterahealth.com/paragon and alterahealth.com/ventus .

Paragon 28 Reports Third Quarter 2023 Financial Results and Reaffirms 2023 Net Revenue Guidance

Retrieved on: 
Tuesday, November 7, 2023
General Health, Health, Medical Devices, Paragon, EBITDA, Growth, FNA, Ankle, NYSE, Webcast, Foot, Clothing, Cryptocurrency

Paragon 28, Inc. (NYSE: FNA) (“Paragon 28” or "Company”), a leading medical device company exclusively focused on the foot and ankle orthopedic market, today reported financial results for the quarter ended September 30, 2023 and reaffirmed its 2023 net revenue guidance.

Key Points: 
  • Paragon 28, Inc. (NYSE: FNA) (“Paragon 28” or "Company”), a leading medical device company exclusively focused on the foot and ankle orthopedic market, today reported financial results for the quarter ended September 30, 2023 and reaffirmed its 2023 net revenue guidance.
  • Third Quarter 2023 and Nine Months Ended September 30, 2023 Financial Results
    Consolidated net revenue for the third quarter of 2023 was $52.8 million, representing 14.7% and 14.5% reported and constant currency growth, respectively, compared to the third quarter of 2022.
  • U.S. net revenue for the third quarter of 2023 and nine months ended September 30, 2023 was $44.6 million and $131.8 million, respectively, representing 11.5% and 16.9% reported growth, respectively, compared to the prior year periods.
  • Paragon 28 will host a conference call to discuss third quarter 2023 financial results on Tuesday, November 7, 2023, at 2:30 p.m. Mountain Time / 4:30 p.m. Eastern Time.

Paragon 28 Announces New $150 Million Credit Facility Replacing Existing $90 Million Credit Facility

Retrieved on: 
Tuesday, November 7, 2023
Professional Services, Health, Business, Medical Devices, Surgery, Finance, General Health, Paragon, FNA, Ares Management, NYSE, Ares, Securities and Exchange Commission of Pakistan, Foot, Facility, Growth, Credit, External commercial borrowing, Ankle, Credit agreements in South Africa, Security (finance)

Paragon 28, Inc. (NYSE: FNA) (“Paragon 28” or "Company”), a leading medical device company exclusively focused on the foot and ankle orthopedic market, today announced that it has received a new $150 million credit facility from Ares Capital Corporation (“the Facility”) to replace its existing $90 million senior credit facility.

Key Points: 
  • Paragon 28, Inc. (NYSE: FNA) (“Paragon 28” or "Company”), a leading medical device company exclusively focused on the foot and ankle orthopedic market, today announced that it has received a new $150 million credit facility from Ares Capital Corporation (“the Facility”) to replace its existing $90 million senior credit facility.
  • The Facility is comprised of up to $100 million in term loans, with $75 million drawn at close, and a $50 million revolving credit facility, with $25 million drawn at close.
  • The Company’s September 30, 2023, pro forma liquidity is $147.0 million, including $97.0 million of pro forma cash and $50 million of available borrowings under the Facility.
  • “We are excited to partner with Paragon 28, a truly innovative and high growth company,” said Doug Dieter, Partner in Ares’ Credit Group.