Becton Dickinson to Buy Parata Systems for $1.53 Billion

By Colin Kellaher

Becton Dickinson & Co. on Monday said it agreed to buy Parata Systems, a provider of pharmacy automation solutions, from private-equity firm Frazier Healthcare Partners, for about $1.53 billion.

Franklin Lakes, N.J., medical-technology company Becton Dickinson said the deal, which it expects to complete by the end of March 2023, expands its portfolio to a new area of the high-growth pharmacy automation space.

Becton Dickinson said Parata, which generated revenue of about $220 million for the 12 months ended March 31, offers solutions to pharmacies to reduce costs, enhance patient safety and improve the patient experience.

Healthcare-focused Frazier, which has raised more than $7.1 billion in total capital since its inception in 1991, acquired Parata in 2018.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

June 06, 2022 08:22 ET (12:22 GMT)

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