Sam Brusco, Associate Editor07.18.22
BD (Becton, Dickinson and Company) has completed its acquisition of Parata Systems. The approximately $1.5 billion transaction was first announced in early June.
Parata gives BD a portfolio of pharmacy automation solutions to power pharmacies to reduce costs, enhance patient safety, and improve patient experience for retail, hospital, and long-term care pharmacies.
BD is now positioned to provide a comprehensive set of technologies to the $600 million pharmacy automation market segment expected to grow about 10% to $1.5 billion in the U.S. over the next 10 years.
"Completing this acquisition represents an important step towards advancing our 2025 growth strategy around smart, connected care and enabling new care settings," Tom Polen, chairman, CEO, and president of BD told the press. "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 BD’s Medication Management Solutions business. The combined teams aim to help pharmacy leaders address clinician shortages, wage inflation, centralization of pharmacy services, and increased clinical demands on pharmacy staff.
Parata gives BD a portfolio of pharmacy automation solutions to power pharmacies to reduce costs, enhance patient safety, and improve patient experience for retail, hospital, and long-term care pharmacies.
BD is now positioned to provide a comprehensive set of technologies to the $600 million pharmacy automation market segment expected to grow about 10% to $1.5 billion in the U.S. over the next 10 years.
"Completing this acquisition represents an important step towards advancing our 2025 growth strategy around smart, connected care and enabling new care settings," Tom Polen, chairman, CEO, and president of BD told the press. "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 BD’s Medication Management Solutions business. The combined teams aim to help pharmacy leaders address clinician shortages, wage inflation, centralization of pharmacy services, and increased clinical demands on pharmacy staff.