Becton, Dickinson and Company, a medical technology company, acquired Parata Systems, an automated pharmacy technology company.
The Parata Systems team will work with BD’s medication management solutions business, according to a July 18 news release. The company plans to focus on issues including clinician shortages, wage inflation and centralization of pharmacy services. Parata Systems' portfolio will be included in BD's medication management solutions business.
"Completing this acquisition represents an important step towards advancing our 2025 growth strategy around smart, connected care and enabling new care settings," President, CEO and chair of BD, Tom Polen, said in the release.