Pharmacy Automation Company Parata Systems Acquires Canadian Company
DURHAM- Parata Systems, a provider of pharmacy automation services, adds more capabilities and employees through the acquisition of Canadian company Synergy Medical.
The deal announced Tuesday adds some 150 employees to Parata’s roster.
Financial terms were not disclosed.
In a statement, parata noted, “This acquisition expands Parata’s offering of innovative pharmacy automation technologies to better meet the needs of retail pharmacies, hospitals, long-term care, government and of direct door-to-door sales.
Together, the two companies say they work with some 4,000 pharmacies and have an install base of more than 6,000 systems.
“Pharmacies in all healthcare settings share the same need to reduce costs, improve health outcomes and enhance the patient experience,” Parata CEO Rob Kill said in a statement. “Adding SynMed’s best-in-class blister automation technology to Parata’s best-in-class vial and pouch filling automation technology allows us to meet our customers’ needs, regardless of the distribution format. Additionally, our unique central fill solution geared towards closed-door micro-distribution centers that are closest to the customer positions us for accelerated growth.
Parata is a portfolio company of Frazier Healthcare Partners.