Paragon and Primed become growth partners

In close cooperation with the existing management team, Paragon will continue the successful growth strategy of the Primed Group. Paragon’s involvement will enable the Primed Group to further intensify its innovative product development and geographic expansion. In addition, Paragon plans to invest in new products and markets as well as considers strategic acquisitions to expand its product offering.

Dr. Edin Hadzic, Senior Partner of Paragon, commented: “Primed is recognized for excellence and innovation in the medical industry. We see tremendous growth potential and look forward to supporting the group in its next phase of development.”

“In Paragon, we have found the ideal partner to amplify our growth strategy and support the Primed Group with an entrepreneurial vision. The Primed Group is in good hands with Paragon and I am confident that, together with Paragon, the company can look forward to a successful future that will benefit our customers, business partners and employees alike,” said the Managing Director of the Primed Group.

About the Primed Group

The Primed Group (headquartered in Halberstadt, Germany) is a leading provider of high-quality medical consumables and sterilization services. With approximately 470 employees and in-house capabilities for all relevant manufacturing steps, Primed is deeply vertically integrated as a developer, manufacturer, sterilization service provider and distributor. Innovative and certified medical products with a focus on tracheostomy and laryngectomy, wound drainage, thoracic surgery, and stool management systems are manufactured at several production sites in Germany and abroad. Primed’s products are used in hospitals, the home care sector, and other medical facilities in more than 60 countries worldwide.

About Paragon

Founded in 2004, Paragon is one of the leading private holding companies in the DACH region. Paragon works closely with its portfolio companies to achieve sustainable growth and operational excellence. Paragon’s portfolio covers various industries and currently consists of 14 companies. The firm is headquartered in Munich, Germany, and has more than EUR 2.4 billion of equity under management. For more information about the firm, please visit www.paragon.de/en.