BD, a medical technology company, has bought Parata Systems, a pharmacy automation services provider and portfolio company of Frazier Healthcare Partners, for $1.525 billion.

Parata’s services allow many pharmacies to reduce costs, enhance patient safety and improve the patient experience.

“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,” said Tom Polen, CEO of BD. “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.”