Paragon Healthcare

What Paragon Healthcare does

Paragon Healthcare, founded in 2002 and headquartered in Dallas, Texas, is a specialty infusion services provider that delivers injectable and infusible drug therapies through three integrated channels: in-home infusion, a network of company-operated outpatient infusion centers, and specialty pharmacy dispensing. The company treats more than 300 chronic and acute conditions across neurology, rheumatology, gastroenterology, immunology, dermatology, hematology, and hepatology, with particular depth in hemophilia and other bleeding disorders, IVIG/SCIG therapy for primary immunodeficiency and autoimmune disease, and rare disease care. As of 2024, Paragon served over 35,000 patients annually, employed more than 1,000 staff, and operated 40+ infusion center and pharmacy locations across 10+ U.S. states, with a publicly stated plan to add 50+ additional locations over the following five years.

The underlying technology platform combines electronic health information systems, telehealth-enabled patient education for self-administration of infusion pumps and drug therapy, and a national overnight shipping logistics operation that delivers ready-to-use medications and supplies directly to patients. The company operates four core product lines — Paragon Infusion Centers, Paragon Home Infusion, Paragon Hemophilia, and Paragon Specialty Pharmacy — plus an in-office infusion suite offering for physician practices. Paragon holds dual URAC and ACHC accreditations and is HIPAA-compliant, with URAC specialty pharmacy accreditation valid through December 1, 2027. The organization maintains 11 disclosed wholly-owned subsidiaries supporting capabilities such as hemophilia solutions, infusion care, nutrition care, reimbursement, and regional pharmacy operations.

Paragon generates revenue through insurance billing for specialty medications, infusion administration, and care-coordination services (including prior authorizations and benefits verification), supplemented by patient financial assistance programs connected through NeedyMeds and manufacturer programs. Its go-to-market is physician-led referral combined with direct patient outreach, supported by a clinical team of pharmacists, registered nurses, and patient care representatives. Founder-led for two decades, the company received a private-equity investment from Peak Rock Capital in 2020, transitioned to new CEO Anthony Mollica in 2021, and was acquired by Elevance Health in 2024, where it now operates as part of the Carelon health services platform.

Name

Paragon Healthcare

Legal name

Paragon Healthcare, Inc.

Website

https://paragonhealthcare.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Paragon Healthcare is a Dallas-based specialty infusion services provider delivering injectable and infusible drug therapies across 40+ U.S. locations through home infusion, outpatient infusion centers, and specialty pharmacy, serving 35,000+ patients annually with chronic and rare conditions including hemophilia and IVIG-therapy indications.

Ownership category

akta.pro rank

Product category

Specialty Infusion Therapy Services

NAICS

All Other Outpatient Care Centers (621498), Other Ambulatory Health Care Services (6219), Ambulatory Health Care Services (621)

SIC

Services-Specialty Outpatient Facilities, Nec (8093), Services-Misc Health & Allied Services, Nec (8090), Services-Health Services (8000)

akta.pro primary industry

Infusion & Home Infusion Pharmacy Services (HLAFALAG)

akta.pro secondary industries

Home Infusion Therapy Providers (HLAFAEAE), Infusion Therapy Centers (Outpatient) (HLAFABAF), Specialty Injectable & Infusion Therapies (Cross-therapeutic) (HLAIACAO), In-Home Infusion Pharmacy Support & Coordination (HSABALAH)

Keywords

• Specialty infusion therapy
• Home infusion services
• Specialty pharmacy dispensing
• Hemophilia treatment management
• IVIG therapy services

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices49 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Specialty Pharmacy and Infusion Services: Revenue is generated through the provision of specialty injectable and infusible drug therapies, administered either in the patient's home, at one of Paragon's infusion centers, or through specialty pharmacy dispensing. The company handles billing for medications, infusion services, and related care coordination services including prior authorizations and reimbursement management. As of 2018, the company reported approximately $275 million in annual revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Paragon Healthcare provides specialty infusion therapy services through an integrated model spanning outpatient infusion centers, home-based infusion delivery with overnight medication shipping, and specialty pharmacy dispensing. The company administers injectable and infusible drug therapies for 300+ chronic and acute conditions including hemophilia, primary immunodeficiency, autoimmune disorders, and other rare diseases. Service lines include Paragon Infusion Centers, Paragon Home Infusion, Paragon Hemophilia, Paragon Specialty Pharmacy, and IVIG therapy, all supported by insurance verification, prior authorization, 24/7 pharmacist support, and coordination with referring physicians.

Product overview

Paragon Healthcare operates as a specialty infusion services provider with a portfolio of four integrated core service lines: Paragon Infusion Centers (outpatient clinical settings), Paragon Home Infusion (home-based therapy), Paragon Hemophilia (specialized bleeding disorder division), and Paragon Specialty Pharmacy. These services are unified by shared clinical capabilities in injectable and infusible drug therapies, 24/7 pharmacist availability, overnight medication shipping, insurance verification support, and coordination with referring physicians. The company treats over 300 conditions including rare diseases, bleeding disorders, immune deficiencies, and chronic inflammatory conditions across dermatology, gastroenterology, rheumatology, neurology, and other specialties. All divisions operate under dual accreditation from URAC and ACHC.

Differentiator

Problem solved

Functional benefit

Products and services

• Paragon Infusion Centers Outpatient infusion centers providing injectable and infusible drug therapies in a controlled clinical setting under the care of registered nurses and nurse practitioners, treating 300+ conditions across multiple specialties.
• Paragon Home Infusion Home-based infusion therapy allowing patients to receive injectable and infusible medications at home, at work, or on-the-go, with overnight shipping of medications and supplies, home health services arrangement, and telehealth-based self-administration training.
• Paragon Hemophilia Specialized division providing customized care plans, factor replacement therapies, and support services for patients with bleeding disorders including Hemophilia A, Hemophilia B, and von Willebrand Disease.
• Paragon Specialty Pharmacy Specialty pharmacy providing injectable and infusible medications for conditions across dermatology, gastroenterology, immunology, hepatology, rheumatology, neurology, urology, and other therapeutic specialties.
• IVIG Therapy Intravenous and subcutaneous immunoglobulin therapy for patients with primary immunodeficiency diseases and autoimmune disorders, available at infusion centers, home infusion, or medical suite settings.

Quantifiable outcome

• Paragon serves 35,000+ patients annually and projects to treat 100,000+ patients annually by 2025

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor.

• Provident Healthcare PartnersminorOthersProvident Healthcare Partners released a Fall 2024 overview of the infusion services sector, highlighting Paragon Healthcare's sale as a significant transaction in the private equity-backed infusion services market.
• National Infusion Center Association (NICA)minorOthersParagon Healthcare, Inc. supports the National Infusion Center Association (NICA), a 501(c)(3) nonprofit organization focused on improving patient access to intravenous and injectable medications.
• National Multiple Sclerosis SocietyminorOthersParagon Healthcare supports the National Multiple Sclerosis Society, which helps people affected by MS by funding cutting-edge research, driving change through advocacy, facilitating professional education, and providing services that help people with MS and their families.
• Hope for HemophiliaminorOthersHope for Hemophilia is a 501(c)(3) nonprofit helping people living with hemophilia and their families through seasons of crisis since 2009 with financial, emotional, and practical support. Paragon directs patients to this resource.
• Hemophilia Federation of AmericaminorOthersHemophilia Federation of America is a patient education, services and advocacy organization for the rare bleeding disorders community, focused on bleeding disorder patients and caregivers. Paragon directs patients to this resource.
• The Coalition for Hemophilia BminorOthersThe Coalition for Hemophilia B strives to make quality of life the focal point of treatment for individuals living with Hemophilia B, pursuing its mission through a family-oriented approach for over 28 years. Paragon directs patients to this resource.
• National Hemophilia FoundationminorOthersThe National Hemophilia Foundation is dedicated to finding better treatments and cures for bleeding disorders and preventing complications through education, advocacy, and research. Paragon directs patients to this resource.
• NeedyMedsminorOthersParagon Healthcare connects eligible patients with financial assistance programs through NeedyMeds, a 501(c)(3) nonprofit information resource devoted to helping people in need find assistance programs for their medications and healthcare.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Option Care Health: Option Care Health is the largest independent provider of home and alternate-site infusion services in the U.S., operating a national footprint with home infusion, specialty pharmacy, and clinical management across complex therapies. It is the most direct competitor to Paragon's home infusion, specialty pharmacy, and infusion center model.
• Pentec Health: Pentec Health provides specialty infusion, including intrathecal and parenteral therapies, with a clinical and pharmacy focus on complex patients. It overlaps with Paragon's specialty pharmacy and home infusion capabilities for complex injectable and infusible regimens.
• Soleo Health: Soleo Health is a national specialty infusion provider offering home and alternate-site infusion services, specialty pharmacy, and clinical management for complex conditions. It is a directly comparable mid-market peer to Paragon with overlapping therapeutic areas and referral-based GTM.
• BioMatrix Specialty Pharmacy: BioMatrix is a specialty pharmacy focused on infused and injectable therapies for chronic conditions including hemophilia, IVIG, and rare diseases. It mirrors Paragon's specialty pharmacy + infusion service model and serves many of the same physician specialties and therapeutic categories.
• IVX Health: IVX Health operates a national network of outpatient infusion centers focused on biologic infusions for conditions such as rheumatoid arthritis, Crohn's disease, and multiple sclerosis. It directly competes with Paragon Infusion Centers in the outpatient site-of-care category and targets many of the same physician referrals.
• Vivo Infusion: Vivo Infusion is an outpatient infusion center operator offering IV therapy for chronic conditions in a clinic setting. It competes with Paragon Infusion Centers for physician referrals and patient volume in overlapping geographies and therapeutic areas.
• Amerita: Amerita is a specialty infusion provider offering home and alternate-site infusion, including IVIG, TPN, and anti-infective therapies. It is a directly comparable peer in home and specialty infusion with a similar referral-driven, accredited business model.

Broad incumbents

• Accredo (Express Scripts / Evernorth): Accredo is the specialty pharmacy arm of Evernorth/Express Scripts and a leading distributor of specialty injectable and infusible drugs, including hemophilia and IVIG. It competes with Paragon Specialty Pharmacy for payer contracts and manufacturer limited distribution networks at much larger scale.
• Coram CVS Health (Coram): Coram, the infusion services business of CVS Health, provides home infusion and tube feeding nationally as part of CVS's broader pharmacy and care delivery portfolio. It competes head-to-head with Paragon's home infusion offering but benefits from CVS's payer and retail pharmacy scale.
• Walgreens Specialty Pharmacy (including Option Care legacy): Walgreens Specialty Pharmacy, including its specialty infusion and limited distribution drug network, is a broad incumbent competitor in specialty injectable and infusible therapy delivery. It competes with Paragon for payer contracts, manufacturer partnerships, and patient referrals across multiple therapeutic areas.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/paragonhc
• YouTubeyoutube.com/channel/UCDdgN8nuonZ2exVwiimqXsg
• Facebookfacebook.com/ParagonHealthcare
• LinkedInlinkedin.com/company/paragonhealthcare

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paragon Healthcare