Parata Systems announces the acquisition of Synergy Medical, increasing automation capabilities
This acquisition expands Parata's offering of pharmacy automation technologies to further meet the needs of retail, hospital, long-term care, government and direct-to-home pharmacies.
Sales & Marketing
Technology / IIoT
LONGUEUIL and DURHAM — Pharmacy automation provider Parata Systems, a portfolio company of Frazier Healthcare Partners, announced the acquisition of Synergy Medical, a privately-held company that develops automation technologies to prepare and dispense solid oral medications in blister cards. This acquisition expands Parata’s offering of pharmacy automation technologies to further meet the needs of retail, hospital, long-term care, government and direct-to-home pharmacies.
Together, the combined company has installed over 6,000 systems in approximately 4,000 pharmacies, offering the broadest portfolio of automation solutions for pharmacies. In addition to these pharmacy automation technologies, the company will expand on their existing growth initiatives with central fill and inventory control systems to meet the broad needs of their pharmacy customers.
Jean Boutin, Founder and President of Synergy Medical, commented, “Both institutional caregivers, as well as our seniors who favor staying healthy at home, are looking for practical solutions that facilitate adherence to their therapeutic treatments. SynMed’s proven technology, combined with that of Parata, facilitates large-scale deployment of adherence programs by our Pharmacy partners. The result is a variety of innovative solutions, well-suited to the needs of our aging population.”
Rob Kill, CEO of Parata Systems, added, “Pharmacies in all care settings share the same need to reduce costs, improve health outcomes and enhance the patient experience. The addition of SynMed’s best-in-class blister automation technology to Parata’s best-in-class vial fill and pouch automation technologies allows us to meet the needs of our customers no matter the dispensing format. In addition, our unique central fill solution geared toward closed door, micro-fulfillment centers which are closest to the customer position us for accelerated growth.”
Parata will welcome Synergy Medical’s approximately 150 full-time team members. Synergy Medical will continue to operate in Longueuil, Quebec, with Jean Boutin serving as President.