Medical technology firm Becton, Dickinson and Co. (BDX) reported acquiring 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. The terms of the transaction were undisclosed. BD said it anticipates that the transaction would be minimally dilutive for fiscal 2013, and does not expect it to impact BD's previous 2013 earnings forecast.
Cato Software Solutions, based in Vienna, Austria, provides an automated system that creates and shares data to help reduce human error, standardize practice, streamline workflow and increase efficiency from medication preparation to delivery, in both pharmacy and clinical drug delivery settings. According to the company, the software prevents potential medication errors and associated costs, automates documentation, and reduces dosage waste. The issue of medication errors is one of the top concerns on the minds of healthcare providers today.
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