BD’s $1.525 Billion Acquisition of Parata Systems

Goodwin Procter advised Frazier Healthcare Partners on the deal.

Frazier Healthcare Partners announced its definitive agreement with BD (Becton, Dickinson and Company) (NYSE: BDX) for BD to acquire Parata Systems for $1.525 billion. The all-cash transaction is expected to close by the end of the first half of BD’s fiscal year 2023, subject to the satisfaction of customary closing conditions, including receipt of regulatory clearances.

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.

Founded in 1991, Frazier Healthcare Partners 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.

The Goodwin team was led by Chris Nugent (Picture), Michael Andrescavage, Matthew Cognetti, Matthew Giannascoli, David Gallagher, Alex Alvarez, Daniel Marks, Bianca Chiappelloni and Serene Qandil and included Jennifer Bralower, Franck Chintoya, Eric Willenbacher, Ben Gossels, Roger Cohen, Nawa Lodin, Steve Argentieri, Jackie Klosek, Alex Intile, James Mattus, Regina Couto, Tim Holahan, Yoojin DeNiro, Andrew Lacy, Kara Kuritz, Ortal Ben Aharon and Nicholas Pellow.

Involved fees earner: Alexander Alvarez – Goodwin Procter; Michael Andrescavage – Goodwin Procter; Steven Argentieri – Goodwin Procter; Ortal Ben Aharon – Goodwin Procter; Jennifer Bralower – Goodwin Procter; Bianca Chiappelloni – Goodwin Procter; Franck Chintoya – Goodwin Procter; Matthew Cognetti – Goodwin Procter; Roger Cohen – Goodwin Procter; Regina Couto – Goodwin Procter; Yoojin DeNiro – Goodwin Procter; David Gallagher – Goodwin Procter; Matthew Giannascoli – Goodwin Procter; Benjamin Gossels – Goodwin Procter; Timothy Holahan – Goodwin Procter; Alex Intile – Goodwin Procter; Jacqueline Klosek – Goodwin Procter; Kara Kuritz – Goodwin Procter; Andrew Lacy – Goodwin Procter; Nawa Lodin – Goodwin Procter; Daniel Marks – Goodwin Procter; Christian Nugent – Goodwin Procter; Nicholas Pellow – Goodwin Procter; Serene Qandil – Goodwin Procter; Eric Willenbacher – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Frazier Healthcare Partners;

Martina Bellini

Author: Martina Bellini