BioUtah https://bioutah.org is an independent non-profit trade association serving the life sciences community. The association is comprised of manufacturers, developers of medical devices, pharmaceuticals, companies involved in diagnostics and biotech products, as well as government, academia, and healthcare institutions.
It has been announced that Becton, Dickinson and Company (BD), https://bd.com/en-us, a member of BioUtah, has completed the acquisition of Parata Systems https://parata.com. Parata provides innovative pharmacy automation solutions to enable a growing network of pharmacies to reduce costs, improve patient safety, and improve the patient experience for retail, hospitals, and long-term care pharmacies.
As a combined company, BD is positioned to offer a comprehensive set of technologies to the $600 million pharmacy automation market segment that is expected to grow approximately 10% annually to $1.5 billion in the U.S. alone over 10 years.
The acquisition will build on BD’s legacy and experience for seamlessly integrating teams to drive future growth and innovation. The Parata portfolio will become part of the solutions offered by BD’s Medication Management Solutions business within the BD Medical segment.
Together, the combined BD and Parata team will help pharmacy leaders address critical trends, such as clinician shortages, wage inflation, centralization of pharmacy services, and increased clinical demands on pharmacy staff.