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Source: Paragon Medical, Inc.

Paragon Medical Closes $25 Million Equity Transaction

Pierceton, Ind. - Paragon Medical, Inc. announced this week that it has closed an equity transaction with Seidler Equity Partners and AIG Altaris Health Partners for a combined $25 million. The funds will supply growth capital for Paragon in support of both organic and inorganic growth initiatives.

Seidler Equity Partners is a niche private equity investment firm that specializes in creating long-term partnerships with visionary executives to build businesses. Since 1990, Seidler has partnered with over 25 business owners and management teams to support growth initiatives. “Paragon is natural fit for our investment strategy of investing in industry leading companies that are led by world-class management teams,” commented Bob Seidler, a partner at Seidler.

AIG Altaris Health Partners invests exclusively in the healthcare industry. Altaris’ investment strategy is to provide management teams with financial backing and industry expertise to accelerate their growth. “We are pleased about the opportunity to invest in Paragon which we see as a pre-eminent contract manufacturing company.” Mike Kluger, Managing Director for Altaris Health Partners. “We believe that Paragon is positioned to experience significant growth in their industry.”

“We are pleased to have Seidler and Altaris as part of the Paragon team”, commented Tobias Buck, Chairman and CEO of Paragon Medical. “These firms are both highly regarded and will enhance our organization’s depth as we embrace the collective expectations of our client community.”

Barnes & Thornburg LLP represented Paragon in the transactions. Stephen Dutton, a partner with Barnes & Thornburg, commented, “We are proud to have represented Paragon in one of the largest private equity transactions in Indiana this year. I have had the opportunity to work with Paragon for most of its corporate life and was excited to assist it with this important transaction.”

Paragon Medical is a single source, turnkey supplier of surgical instruments, implantable components, custom and standard instrument delivery systems to the worldwide medical device marketplace, with a concentration in the hip, knee, spine, trauma and sports medicine disciplines. Incorporated in 1991, Paragon Medical’s utilization of advanced manufacturing technology, UG? certified engineers, rapid prototyping, virtual information transfer and vertical integration allows them to adapt a wide range of services to support the strategic needs of the customer, with innovative solutions. Offices and production facilities are located in Pierceton, Indiana, Memphis, Tennessee, and Lausanne, Switzerland.

For more information, please visit Paragon’s website at www.paragonmedical.com

Contact: Tabitha Cooper
Paragon Medical, Inc.
574-594-2140 ext. 247
tabitha.cooper@paragonmedical.com