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M&A Deal Summary

Parata Acquires Synergy Medical

On July 6, 2021, Parata acquired manufacturer Synergy Medical

Acquisition Highlights
  • This is Parata’s 1st transaction in the Manufacturing sector.
  • This is Parata’s 1st transaction in Canada.
  • This is Parata’s 1st transaction in Quebec.

M&A Deal Summary
Date 2021-07-06
Target Synergy Medical
Sector Manufacturing
Buyer(s) Parata
Deal Type Merger

Target

Synergy Medical

Longueuil, Quebec, Canada
Synergy Medical is focused on designing, manufacturing, and installing automated systems that allow pharmacies to efficiently and accurately prepare compliance packs. The company has installed over 500 SynMed XF and SynMed ULTRA systems throughout North America and in Europe, in independent pharmacies as well as in centralized production facilities for pharmacy chains. Synergy Medical was formed in 2008 and is based in Longueuil, Quebec.

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Buyer(S) 1

Buyer

Parata

Durham, North Carolina, United States
Category Company
Sector Business Services
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 3
Sector: Manufacturing M&A 1 of 1
Type: Merger M&A Deals 2 of 2
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Parata

Durham, North Carolina, United States

Parata is a provider of IT solutions to the healthcare industry. Parata Systems was founded in 2001 and is based in Durham, North Carolina.

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