Becton Dickinson acquires medical software company

Medical supplier Becton Dickinson buys medical software maker Cato Software

Associated Press

FRANKLIN LAKES, N.J. (AP) -- Medical supply company Becton Dickinson & Co. said Tuesday that it has acquired medical software maker Cato Software Solutions in an effort to increase growth in its pharmacy division.

Terms of the transaction were not disclosed.

Cato's software helps doctors administer medicines. The company is based in Austria.

Becton Dickinson supplies products including needles and syringes, as well as tools for labs.

The Franklin Lakes, N.J., company predicted that the deal would slightly hurt its earnings this year but have no effect on its guidance.

Shares gained 53 cents to close at $90.14 Tuesday.

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