Parata Is Acquired by BD


Parata, a portfolio company of Frazier, sale to BD


Parata Systems (“Parata” or the “Company”), a portfolio company of Frazier Healthcare Partners (“Frazier”), has signed a definitive agreement to be acquired by Becton, Dickinson and Company (“BD”) (NYSE:BDX) for $1.525 billion. The transaction is subject to regulatory approval and customary closing conditions.

Baird served as lead financial advisor to Parata on this transaction.


Parata provides pharmacy technology solutions to reduce costs, improve health outcomes and enhance the patient experience by offering a comprehensive pharmacy automation portfolio with medication adherence packaging, high-speed robotic dispensing technologies and pharmacy workflow solutions. Parata is headquartered in Durham, North Carolina.

Founded in 1991, Frazier is a leading private equity firm focused exclusively on the healthcare sector. With over $7.1 billion in total capital raised, Frazier has invested in more than 200 companies with transaction types ranging from buyouts of profitable healthcare services companies to venture capital and company creation. Frazier has a philosophy of partnering with strong management teams while leveraging its internal operating resources and network to build exceptional companies. Frazier has offices in Seattle, Washington, and Menlo Park, California, and invests broadly across the United States, Canada, and Europe.

BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to healthcare. BD is headquartered in Franklin Lakes, New Jersey.

Parata, a portfolio company of Frazier, sale to BD

June 2022
Parata Systems
M&A - Sellside
Healthcare IT & Services
Test, Measurement & Automation
Target Geography
North America
Acquiror Geography
North America