BD acquires Cato Software Solutions
Becton Dickinson (BD) has acquired Cato Software Solutions, the manufacturer of cato and chemocato software, a suite of comprehensive medication safety solutions for pharmacy intravenous medication preparation, physician therapy planning and nurse bedside documentation. Cato Software Solutions, based in Vienna, Austria, provides an automated system that creates and shares data to help reduce human error, standardise practice, streamline workflow and increase efficiency from medication preparation to delivery, in both pharmacy and clinical drug delivery settings. The software prevents potential medication errors and associated costs, automates documentation, and reduces dosage waste.
The company expects that the acquisition will help accelerate BD's growth, especially in the pharmacy segment. The financial terms of the acquisition were not disclosed. BD expects the transaction to be minimally dilutive for fiscal year 2013, and does not expect it to impact its previously communicated 2013 earnings guidance.