PE firm buys Paragon Healthcare

AUSTIN, Texas - An affiliate of Peak Rock Capital, a middle-market private equity firm, has completed its acquisition of Paragon Healthcare, a provider of ambulatory and home infusion services and specialty pharmacy services.

The Dallas-based Paragon Healthcare has pharmacy and infusion operations in nine states: Alabama, Georgia, Tennessee, Louisiana, Texas, Oklahoma, Colorado, Oregon and Washington.

“The Paragon team has an impressive track record of rapidly growing its infusion services to patients across multiple, low-cost settings of care,” said Spencer Moore, managing director of Peak Rock. “We are excited to partner with Paragon management and employees in supporting the company's continued strong growth in high quality patient care through organic initiatives and strategic acquisitions.”

Peak Capital acquired Paragon Healthcare, founded in 2002, in partnership with the company's management team.

Rick Allen, co-founder and CEO of Paragon Healthcare, says the acquisition will allow the company to “facilitate continued growth in access to lower cost care.”