Franklin Lakes, New Jersey-based BD announced last month that it partnered with private equity firm Frazier Healthcare Partners to acquire Parata Systems at a purchase price of $1.525 billion.
Parata Systems provides medication adherence packaging technology and perpetual inventory management, with its automation technology and software designed to enable pharmacists to focus more on clinical work and patient interactions.
Durham, North Carolina-based Parata advances BD’s solutions strategy by offering ways for pharmacies to reduce costs, enhance patient safety and improve the patient experience for retail, hospital and long-term care pharmacies. BD said in a news release that, as a combined company, it is positioned to offer a comprehensive set of technologies to the pharmacy automation market.
“Completing this acquisition represents an important step towards advancing our 2025 growth strategy around smart, connected care and enabling new care settings,” BD Chair, President and CEO Tom Polen said in the release. “I’d like to officially welcome the Parata team to BD as we join together to uniquely provide a more comprehensive set of smart, connected care technologies to support our customers as they expand care to new settings and centralize their pharmacy operations.”
Parata’s portfolio will become part of the solutions offered in the BD medication management solutions business within the company’s medical segment. The combined team will look to address critical trends, including clinician shortages, wage inflation, centralization of pharmacy services and increased demands on pharmacy staff.
