BD acquires cloud software firm’s medical business

BD, the Franklin Lakes-based medical technology company, has acquired cloud-based software company Cubex LLC’s Medical Business assets, it announced Thursday.

The acquisition will grow the company’s medication management offerings into the care continuum space and help provide better integration with electronic health records, BD — also known as Becton, Dickinson & Co. — said in a news release.

“This strategic acquisition brings together our industry-leading BD Pyxis Automated Dispensing Cabinets with the Medical Business of Cubex’s MedBank cloud-based software and analytics platform to help enable patient-centered care beyond the acute care setting,” Mike Garrison, BD’s worldwide president of medication management solutions, said in a prepared statement. “We are committed to improving and connecting the medication management process across health care settings, and this acquisition allows us to help address the unique needs care continuum facilities face, from minimizing medication diversion to improving inventory management.”

Financial terms of the deal were not disclosed. BD had previously had a commercial distribution relationship with Phoenix-based Cubex. Forty Cubex employees will join BD, it said.