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BD (Becton, Dickinson and Co.) completed its previously announced acquisition of Parata Systems for $1.525 billion, the Franklin Lakes medical tech company announced July 18. 

Parata Systems is a pharmacy automation solutions provider based in Durham, N.C. The move expands BD’s reach into the $600 million pharmacy automation market segment, which is expected to grow about 10% annually to $1.5 billion in the U.S. alone over 10 years, according to the closing announcement. 

“Completing this acquisition represents an important step towards advancing our 2025 growth strategy around smart, connected care and enabling new care settings,” Tom Polen, BD chairman, CEO and president, said in a statement. “I’d like to officially welcome the Parata team to BD as we join together to uniquely provide a more comprehensive set of smart, connected care technologies to support our customers as they expand care to new settings and centralize their pharmacy operations.” 

According to the announcement, the Parata portfolio will become part of BD’s Medication Management Solutions business within its 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,” the announcement said. 

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