Paragon Acquires Instrument Manufacturer
July 28, 2016 at 4:25 p.m.
PIERCETON - Paragon Medical Inc. signed a letter of intent to acquire the orthopedic implant and general instrument business unit of Brimfield Precision Inc., a wholly owned subsidiary of Image Guided Technologies Inc., Boulder, Colo.
"The acquisition of a surgical instrument manufacturing company is yet another step towards Paragon's long-term goal of providing a total surgical instrument management solution to the health care marketplace," stated Tobias W. Buck, president and CEO of Paragon Medical Inc. "Our strategy has always been to become a full service supplier to medical equipment manufacturers worldwide. We are unique in this regard because none of our competitors offer the software that is so important to the end user."
Brimfield, in Brimfield, Mass., manufactures orthopedic, dental, spinal and cardiovascular implants and instruments. Paragon Medical, in Pierceton, designs, manufactures and distributes surgical instrument delivery systems for sterile healthcare settings. Paragon also offers a line of software products specifically designed to manage surgical instrument inventories.
Paragon Medical intends to assume operational control of Brimfield sometime before Dec. 31, 1998. All operations associated with implants and general instruments will remain in Brimfield, Mass. [[In-content Ad]]
PIERCETON - Paragon Medical Inc. signed a letter of intent to acquire the orthopedic implant and general instrument business unit of Brimfield Precision Inc., a wholly owned subsidiary of Image Guided Technologies Inc., Boulder, Colo.
"The acquisition of a surgical instrument manufacturing company is yet another step towards Paragon's long-term goal of providing a total surgical instrument management solution to the health care marketplace," stated Tobias W. Buck, president and CEO of Paragon Medical Inc. "Our strategy has always been to become a full service supplier to medical equipment manufacturers worldwide. We are unique in this regard because none of our competitors offer the software that is so important to the end user."
Brimfield, in Brimfield, Mass., manufactures orthopedic, dental, spinal and cardiovascular implants and instruments. Paragon Medical, in Pierceton, designs, manufactures and distributes surgical instrument delivery systems for sterile healthcare settings. Paragon also offers a line of software products specifically designed to manage surgical instrument inventories.
Paragon Medical intends to assume operational control of Brimfield sometime before Dec. 31, 1998. All operations associated with implants and general instruments will remain in Brimfield, Mass. [[In-content Ad]]