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CareFusion to Acquire Pharmacy Automation Innovator Rowa
Date:7/5/2011
SAN DIEGO, July 5, 2011 /PRNewswire/ -- CareFusion (NYSE: CFN), a leading, global medical technology company, today announced an agreement to acquire Rowa, a Germany-based company specializing in robotic medication storage and retrieval systems for retail and hospital pharmacies, for approximately $150 million.
"Rowa is the clear pharmacy automation leader in Western Europe with innovative technology that is complementary to our Pyxis® portfolio of products," said Kieran Gallahue, chairman and CEO of CareFusion. "Combined, we see an opportunity to provide customers outside the U.S. with a complete medication management offering and accelerate our global growth in the retail and hospital pharmacy automation segments."
Rowa's core products enable high-density, high-speed storage and retrieval of pre-packaged pharmaceutical inventory. With more than 3,500 installations in 30 countries, these automated systems are designed to reduce costs and improve workflow while addressing the unique pharmacy operations requirements outside of the U.S.
"Since forming Rowa in 1996, we have focused on building a brand that is innovative and reliable with superior customer service," said Markus Willems, co-founder and managing director of Rowa. "Today, Rowa is one of the leading pharmacy robotics companies in Europe, and we look forward to taking our growth to the next level with CareFusion."
CareFusion plans to continue Rowa's longstanding focus on retail pharmacy customers, while also targeting accelerated expansion within its core hospital customers. CareFusion Pyxis automated dispensing systems put secure access to medication on the nursing floor and close to patients. The Rowa products are complementary, designed for the managemen
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| SOURCE CareFusion Corp. Copyright©2010 PR Newswire. All rights reserved |
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