Paragon Care Responds to Administrator Appointment for Infinity Pharmacies

Paragon Care Limited ( (AU:PGC) ) has provided an announcement.

Paragon Care Limited has reacted to the appointment of administrators for 54 pharmacies within the Infinity Retail Pharmacy Group, expressing surprise and disappointment over the decision, which came unexpectedly amidst ongoing efforts to implement a payment and debt restructuring plan. The company aims to collaborate with receivers, administrators, and stakeholders to facilitate an orderly sale or recapitalization process, aiming to maximize creditor returns and mitigate impacts for stakeholders within the healthcare industry.

The most recent analyst rating on (AU:PGC) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Paragon Care Limited stock, see the AU:PGC Stock Forecast page.

More about Paragon Care Limited

Paragon Care Limited (ASX:PGC) is an Australian-based healthcare company that provides medical equipment, devices, consumables, pharmaceuticals, complementary medicines, nutritional supplies, and blood bank diagnostic reagents to markets in Australia, New Zealand, and Asia.

Average Trading Volume: 777,432

Technical Sentiment Signal: Sell

Current Market Cap: A$430.4M

For detailed information about PGC stock, go to TipRanks’ Stock Analysis page.