Healthcare & Life Sciences Private Equity Deal Tracker: Frazier to Sell Parata Systems to BD for $1.5 Billion

McGuireWoods LLP

Frazier Healthcare Partners has agreed to sell Parata Systems to BD for $1.525 billion, according to a news release.

Parata, based in Durham, N.C., is a provider of pharmacy technology solutions. Founded in 2006, the company offers a range of services, including medication adherence packaging technology and inventory management for long-term care, hospital, retail and at-home dispensing pharmacies.

BD (Becton, Dickinson and Company) (NYSE: BDX), based in Franklin Lakes, N.J., is global medical technology company.

Frazier Healthcare Partners, based in Seattle, is a provider of private equity capital to healthcare companies. The firm, founded in 1991, prefers to make more substantial investments from a dollars perspective and pursues a wide range of investment types, including company creation and venture capital to buyouts of profitable lower-middle market companies.

The transaction is expected to close by the end of the first half of BD’s fiscal year 2023.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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