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 patients 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.
&…