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Private Equity Owners Seek to Sell Ownership in Paragon Medical

The private equity owners of Paragon Medical reportedly seek to sell their ownership interest in the company, a manufacturer of custom cases and trays, orthopaedic surgical instruments and implantable components such as screws, plates and anchors. Paragon Medical employs ~1,000 staff and holds >300,000 sq. ft. of manufacturing space in Pierceton and Indianapolis, IL; Smithfield, UT, Lausanne, Switzerland and Changzhou, China. (Source: Dow Jones & Company, Inc.)