Add-on Acquisition • Business Services

Becton Dickinson Acquires Parata

On June 6, 2022, Becton Dickinson acquired business services company Parata from Frazier Healthcare Partners for 1.5B USD

Acquisition Context
  • This is Becton Dickinson’s 1st transaction in the Business Services sector.
  • This is Becton Dickinson’s 4th largest (disclosed) transaction.
  • This is Becton Dickinson’s 20th transaction in the United States.
  • This is Becton Dickinson’s 2nd transaction in North Carolina.

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M&A Deal Summary

Date June 6, 2022
Target Parata
Sector Business Services
Buyer(s) Becton Dickinson
Sellers(s) Frazier Healthcare Partners
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target Company

Parata

Durham, North Carolina, United States
Parata provides pharmacy technology solutions to reduce costs, enhance patient safety and improve 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 based in Durham, North Carolina.
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Buyer Overview 1

Buyer

Becton Dickinson

Franklin Lake, New Jersey, United States

Category Company
Founded 1897
Sector Medical Products
Employees70,000
Revenue 20.2B USD (2024)
DESCRIPTION

Becton Dickinson is a global medical technology company that develops, manufactures and sells medical devices, instrument systems and reagents. The Company is dedicated to improving people's health throughout the world. Becton Dickinson was incorporated in 1897 and is headquartered in Franklin Lake, New Jersey.


Deal Context for Buyer #
Overall 27 of 30
Sector: Business Services 1 of 1
Type: Add-on Acquisition 24 of 25
State: North Carolina 2 of 2
Country: United States 20 of 23
Year: 2022 2 of 3
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Cytognos

Salamanca, Spain

Cytognos is a biotechnology company dedicated to the design and development of new reagents, software, and techniques that provide innovative solutions in the flow cytometry field. Cytognos was founded in 1996 and is based in Salamanca, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 MedKeeper

Lakewood, Colorado, United States

MedKeeper is a provider of modern, cloud-based pharmacy management applications. MedKeeper was founded in 2001 and is based in Lakewood, Colorado.

Buy -

Seller Profile 1

SELLER

Frazier Healthcare Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1991
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Frazier Healthcare Partners is a private equity and venture capital firm specializing in Growth buyout investment specifically targets businesses that deal Healthcare, Life Sciences, Pharmaceutical services, medical products, and related sectors. Frazier Healthcare Partners was formed in 1991 and is based in Seattle, Washington with an additional office in Palo Alto, California; Boston, Massachusetts; and Menlo Park, California.


Deal Context for Seller #
Overall 25 of 29
Sector: Business Services 1 of 1
Type: Add-on Acquisition 12 of 12
State: North Carolina 1 of 1
Country: United States 25 of 29
Year: 2022 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Alteon Health

Germantown, Maryland, United States

Alteon Health is a provider of outsourced healthcare practice management services to emergency departments, hospitalist programs, and hospital-based urgent care centers. The company supports the highest quality healthcare delivery through patient-focused care, physician-led innovation, data-driven practices, and best-in-class healthcare partnerships. Alteon Health was founded in 1971 and is based in Germantown, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Apollo Intelligence

Watertown, Massachusetts, United States

Apollo Intelligence is a provider of real-time data and insights to the healthcare and life science industries. The Apollo platform launched with its acquisition of InCrowd, a pioneer of real-time, automated insights for the life science industry, as the founding company. Apollo Intelligence was founded in 2019 and is based in Watertown, Massachusetts.

Buy -