Signet Healthcare Partners' Strategic Move with Paragonix Acquisition

Signet Healthcare Partners Facilitates Paragonix Acquisition

Signet Healthcare Partners is thrilled to announce a major development in the medical technology landscape with the acquisition of Paragonix Technologies by Getinge. Paragonix, known for its innovative solutions in organ transplantation and preservation technology, is poised for significant growth following this acquisition.

Investment Role of Signet in Paragonix

Signet’s relationship with Paragonix initiated in 2023 when it led a $25 million Series B investment. This strategic funding played a vital role in accelerating Paragonix’s mission to enhance care standards in organ transplantation. As the first institutional investor, Signet was instrumental in propelling Paragonix’s growth trajectory, which included a successful acquisition that broadened the company’s service portfolio.

Leadership and Growth at Paragonix

Under the guidance of Dr. Lisa Anderson, Paragonix has achieved impressive organic growth, expanding its market presence globally. The company’s pioneering devices for cardiothoracic and abdominal transplantation have quickly gained recognition, establishing benchmarks for safety and efficiency in the organ transplant process.

Acknowledgements from Leadership

Ashley Friedman, Managing Director at Signet and a Board Director at Paragonix, expressed pride in the collaborative efforts with Paragonix, commending Dr. Anderson and her team for their commitment to advancing transplantation technology. She emphasized that with Getinge’s extensive resources, Paragonix is well-positioned to continue innovating and improving patient outcomes.

The Impact of the Acquisition

Dr. Anderson remarked on the crucial support received from Signet Healthcare Partners throughout the journey, highlighting the vital commercial scaling expertise they provided. This collaboration has positioned Paragonix for a successful acquisition, creating a leading platform in the organ transplantation landscape. The partnership with Getinge is expected to amplify their global impact and enhance their technology further.

Signet's Investment Fund V

Paragonix marks one of the first three investments from Signet’s new fund, Signet Healthcare Partners Fund V, which focuses on commercial-stage pharmaceutical and medical device companies. The fund typically invests around $20 million per opportunity, reinforcing Signet’s commitment to driving value in innovative healthcare initiatives.

About Signet Healthcare Partners

Signet Healthcare Partners is recognized for providing growth capital to leading healthcare companies, emphasizing pharmaceutical and medical device sectors. With an impressive track record of over 25 years in the industry, Signet has raised more than $600 million and invested in over 60 businesses. Their hands-on approach supports portfolio companies in achieving significant growth.

About Paragonix Technologies

Paragonix Technologies stands at the forefront of the organ transplant industry, innovating with its Advanced Organ Preservation (AOP) devices that protect donor organs during transportation. These devices, which are FDA-cleared and CE-marked, employ trusted preservation techniques that ensure both physical and thermal safety during transit. Each AOP device is integrated with a unique digital app, offering real-time tracking for transplant teams, facilitating seamless operations.

Frequently Asked Questions

What was the significance of Signet's investment in Paragonix?

Signet's investment provided crucial capital and strategic guidance to help Paragonix expand its innovative organ transplantation solutions.

How does the acquisition by Getinge benefit Paragonix?

Getinge's global reach and resources will enhance Paragonix’s ability to innovate and improve patient care in organ transplantation.

What technologies does Paragonix specialize in?

Paragonix specializes in Advanced Organ Preservation devices that safeguard donor organs during transportation, enhancing the transplantation process.

What is Signet's approach to investment?

Signet focuses on growth capital investments in healthcare, supporting innovative companies in achieving their growth potential through active involvement.

How long has Signet been in the healthcare investment sector?

Signet has over 25 years of experience in the healthcare investment sector, with a portfolio that includes more than 60 companies.

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