Fund managers including Endeavor Asset Management, Forager Funds, Wilson Asset Management, Tamim Funds Management and First Samuel have invested in Paragon Care Ltd (ASX:PGC).

Forager sees a value opportunity after the share price fall, and First Samuel believes the core business performed respectably once one-off items are excluded. Tamim highlights expansion through the Somnotec acquisition, extending medical device distribution into Southeast Asia.

Wilson Asset Management exited due to excessive leverage after a series of acquisitions and disappointing results, and highlighted issues in parts of the business. First Samuel acknowledged statutory results looked poor, making the stock easy for the market to dismiss.

Paragon Care Ltd., headquartered in Mt. Waverley, Australia, supplies medical equipment to the health and aged care sectors since 1994. Its business is structured into four primary segments. Diagnostic and Scientific provides blood bank, clinical pathology, and laboratory equipment. Devices focuses on ophthalmology, orthopedics, pain management, infection prevention, and OrthoBiologics. Capital and Consumables delivers medical, surgical, and veterinary products. Service and Technology offers medical device support, capital equipment management, and service partnerships.