CareFusion to buy robotic med systems firm for $150M

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CareFusion has agreed to acquire Rowa, a company specializing in robotic medication storage and retrieval systems for retail and hospital pharmacies, for approximately $150 million.

Rowa, of Kelberg, Germany, makes robotic equipment used in pharmacies for high-speed storage and retrieval of pre-packaged pharmaceutical products, with technology geared for the packaging common in many countries outside the U.S.

CareFusion plans to continue Rowa's focus on retail pharmacy customers, while also targeting expansion within its core hospital customers, according to the San Diego-based medical technology company.

The acquisition is expected to close by the end of the first quarter of fiscal 2012.