Rowa makes high-speed, automated medicine management systems that store and retrieve prepackaged pharmaceutical inventories for retail and hospital pharmacies, CareFusion said on Tuesday. The systems are intended to reduce costs and improve work flow.
CareFusion said the acquisition of Rowa, with more than 3,500 systems installed in 30 countries, would complement its Pyxis portfolio of products.
The deal is expected to be neutral to adjusted earnings in the first year and accretive thereafter, CareFusion said.
Stock in CareFusion, which is based in San Diego, rose 9 cents, to $27.76 a share.
CareFusion, which has more than 14,000 employees worldwide, develops technologies including infusion pumps, automated dispensing and patient identification systems, and ventilators and respiratory products.
Rowa, with more than 300 employees, is headquartered in Kelberg, Germany. It has operations in Italy, the Netherlands, Denmark and Sweden.
Article source: http://feeds.nytimes.com/click.phdo?i=654a086829a63ba8ce4c9d8c20baedff
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