logo
logo

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

Jun 06, 2022about 3 years ago

Acquiring Company

Becton Dickinson and (BD) Diagnostics Unit

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

Becton Dickinson and (BD) Diagnostics Unit

Location

Franklin Lakes, New Jersey, United States

About

Becton, Dickinson and Co. is a global medical technology company that manufactures and sells medical devices, instrument systems, and reagents. Their diagnostics unit specializes in immunology research and infectious disease diagnostics. BD aims to streamline its focus on more lucrative medical devices.

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

Related People

Bilal hidden

hidden

Michael hidden

Greg hidden

hidden