On June 6, Becton, Dickinson and Company (BD), a leading global medical technology company, entered into a definitive agreement to acquire Parata Systems, an innovative provider of pharmacy automation solutions, for $1.53 billion from leading private equity firm Frazier Healthcare Partners.
The transaction will be complementary to BD’s solutions in medication management with a new set of technologies across the care continuum, including acute care health systems, retail pharmacies, long-term care and home settings. Ropes & Gray LLP advised Becton, Dickinson and Company in the acquisition.
Parata provides BD access to a new $600 million pharmacy automation market segment that is expected to grow approximately 10% annually to $1.5 billion in the U.S. alone over 10 years. BD expects Parata’s solutions to outpace market growth through BD’s commercial footprint, global scale and innovation capabilities.
According to the LevinPro HC database, this marks the 165th eHealth transaction of the year, and the 24th deal within the medical practice management software (MPMS) subsector. So far, the largest deal within the MPMS space this year has been the $82 million acquisition of MarkeTouch Media, LLC, a leading provider of interactive solutions that streamline and automate client communications, by Omnicell, Inc., which provides automation and business analytics software solutions for medication and supply chain management in healthcare worldwide.
Parata Systems provides pharmacy technology solutions to reduce costs, enhance patient safety and improve the patient experience by offering a comprehensive pharmacy automation portfolio with medication adherence packaging, high-speed robotic dispensing technologies and pharmacy workflow solutions.
BD is one of the largest global medical technology companies in the world. The company has 75,000 employees.
