Parata Systems adds a portfolio of pharmacy automation solutions that reduce costs, enhance patient safety and improve patient experience for retail, hospital and long-term care pharmacies. The pharmacy automation market is worth an estimated $600 million and is expected to grow approximately 10% annually to $1.5 billion in the U.S. alone over the next 10 years. Parata’s offerings include vial filling robotic systems, adherence packaging equipment and inventory management software. Parata was purchased from private equity firm Frazier Healthcare Partners. In February BD bought Spain-based Cytognos, a maker of flow cytometry diagnostics for blood diseases. Deal terms – $1.5b on sales of $220m (6.8x).
Keywords: Healthcare Investment Banking, Healthcare M&A, Healthcare Mergers, Medical Devices, Pharmacy Automation