Paragon Healthcare, Inc. (“Paragon” or the “Company”), a leading provider of infusion services, announced an expansion with four new ambulatory infusion centers and a new state-of-the-art home infusion and specialty pharmacy.  The new locations will support continued growth and increase access to infusion services for patients outside of the hospital. The new pharmacy, located in the Company’s new headquarters in Plano, Texas, began operations this month, and it is anticipated that the new infusion centers will be operational by the second half of 2021. 

 

Rick Allen, co-founder and Chief Executive Officer of Paragon said, “This expansion represents a transformative step for Paragon, as we continue to invest to meet growing demand in the infusion industry. The capital and strategic support from our partners at Peak Rock has enabled us to significantly expand our ability to provide high quality care. The new pharmacy is outfitted with state-of-the-art equipment and ISO 5 and 7 certified bench space and clean room, exemplifying Paragon’s commitment to leading the industry in quality and service.” 

 

Spencer Moore, Managing Director of Peak Rock Capital, added, “We are enthusiastic about the progress that the Paragon team has made to-date and the expansion is a testament to the ongoing investment Paragon is making in people, facilities and capacity to continue growing and serving patients with high quality care and infusion services. We look forward to continuing to help the Company achieve its strategic growth plans in the future.”

 

Paragon is majority owned by an affiliate of Peak Rock Capital, a leading middle-market private investment firm. Since partnering with Peak Rock, Paragon has invested in its operations, personnel, and capabilities, including the expansion of its network of ambulatory infusion centers and home infusion pharmacies. In addition to the new infusion centers in Kyle, Fort Worth, West Houston and The Woodlands, Texas, Paragon plans to open several additional infusion centers in 2021. The new state-ofthe-art pharmacy site located within the Company’s new corporate headquarters in Plano, Texas features an ISO 5 compounding bench space and ISO 7 cleanroom and anterior air room, in addition to redundant clean room HVAC systems and custom-built airflow control system. 

 

 

Founded in 2002, Paragon Healthcare, Inc. is a leading provider of infusion services to patients through its network of ambulatory infusion centers, home infusion pharmacies, and other specialty pharmacy services. The Company provides high quality, convenient, comfortable, and lower cost care to patients with chronic and acute conditions. Paragon is based in Plano, Texas and operates locations in the following nine states: Texas, Oklahoma, Tennessee, Georgia, Louisiana, Colorado, Alabama, Washington, and Oregon. For more information visit www.paragonhealthcare.com.

 

 

Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock’s equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and profit improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock’s credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock’s real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. Peak Rock’s principals have deep expertise in complex situations and cross‐border transactions, with the ability to close transactions quickly where speed and certainty are priorities. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.

 

Daniel Yunger / Simone Leung

Kekst CNC

(212) 521-4800

daniel.yunger@kekstcnc.com / simone.leung@kekstcnc.com