Becton, Dickinson and Company (BD) announced that is has acquired GSL Solutions, Inc., a privately held company that develops smart medication devices for the storage and tracking of controlled substances and patient specific medications that improve the security, efficiency and compliance of medication storage, as well as analytic capabilities to further improve inventory management, including of controlled substances, regulatory compliance and patient safety.
This acquisition expands BD's advanced medication management capabilities to further meet the needs of retail pharmacies, including those in outpatient settings.
GSL's RFID-based products include standalone cabinets that provide secure storage for will-call prescriptions and automatically notify patients when prescriptions are ready, and secured cabinets for controlled substances. This all helps pharmacies run more efficient and profitably and shortens wait time for patients.
GSL is the fourth tuck-in acquisition that BD has completed in fiscal 2021. Terms of the transaction were not disclosed.
