Becton, Dickinson and Company, an American multinational medical technology company, completed the acquisition of Parata Systems, a medical technology manufacturer, from Frazier Healthcare Partners, a private equity firm focused exclusively on the healthcare sector, for $1.5bn. "Parata expands BD's solutions to a new area of the high-growth pharmacy automation space and is a prime example of BD executing our disciplined M&A strategy. Parata has a highly attractive financial profile and compelling value proposition that meets all of our rigorous investment criteria on growth, profitability and returns. With the addition of Parata, BD further advances our 2025 growth strategy around smart, connected care and enabling new care settings. We look forward to welcoming the talented Parata team to BD," Tom Polen, BD Chairman, President and CEO.