Becton Dickinson buying Parata Systems from Frazier Healthcare Partners

Becton Dickinson & Co. , which operates under the name BD, said Monday it’ll pay $1.525 billion to acquire pharmacy automation software company Parata Systems from private equity firm Frazier Healthcare Partners. Franklin Lakes, N.J.-based BD said the deal gives it access to the estimated $600 million pharmacy automation market, which is expected to grow about 10% per year over the next decade. BD CEO Tom Polen led the transaction, along with Bob Kill, CEO of Parata. The purchase price amounts to about seven times Parata’s 2022 revenue of $220 million. Shares of BD are up 2.9% in 2022 compared to a loss of 13.8% by the S&P 500 .

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