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Bd To Acquire Parata Systems To Enter New Pharmacy Automation Solutions Market

Jun 06, 2022•over 3 years ago

Acquiring Company

Bard

Acquired Company

Parata Systems

Franklin LakesManufacturingHealth CareHealth CareInformation Technology

Description

BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, and Frazier Healthcare Partners, a leading private equity firm focused exclusively on the health care sector, today announced a definitive agreement for BD to acquire Parata Systems, an innovative provider of pharmacy automation solutions, for $1.525 billion.

Company Information

Company

Bard

Location

Franklin Lakes, New Jersey, United States

About

Bard is a leading provider of medical technologies, including devices for urology, oncology, and vascular medicine. Founded in 1907, Bard develops innovative solutions to enhance patient care and improve clinical outcomes. The company is well-known for its high-quality products that are used by healthcare professionals globally. Bard has a notable presence in the medical device market, with a focus on patient safety and efficacy.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed