The Private Equity team advised Frazier Healthcare Partners in 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, Michael Andrescavage, Matthew Cognetti, Matthew Giannascoli, David Gallagher, Daniel Marks, and Serene Qandil and included Jennifer Bralower, Eric Willenbacher, Ben Gossels, Roger Cohen, Steve Argentieri, Jackie Klosek, Alex Intile, James Mattus, Regina Couto, Tim HolahanAndrew Lacy, Kara Kuritz, Ortal Ben Aharon and Nicholas Pellow.

For additional details on the transaction, please read the press release.