Becton, Dickinson Closes USD 1.525bn Acquisition of Pharmacy Automation Solutions Firm Parata.
MANews-(C)2009-2022
US-based medical technology company BD (Becton, Dickinson and company) (NYSE: BDX) has closed the acquisition of pharmacy automation solutions provider Parata Systems for USD 1.525bn, the principals said.
Parata's portfolio of pharmacy automation solutions power a network of pharmacies.
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.
Parata provides BD access to a new USD 600m pharmacy automation market segment that is expected to grow approximately 10% annually to USD 1.5bn in the US alone over 10 years.
Together with BD, the company expects Parata's solutions to outpace market growth through BD's commercial footprint, global scale and innovation capabilities.
The USD 1.525 bn all-cash transaction is expected to close by the end of the first half of BD's fiscal year 2023, subject to the satisfaction of customary closing conditions, including receipt of regulatory...
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