CAP TODAY Pathology/Laboratory Medicine/Laboratory Management
As I listen here, Francisco Partners is bringing equity and capital to the table as part of this transaction, which will then be invested in all the things that you need to have investment in, right?
Curt Johnson: That’s true. The other thing they bring, and I think this is important, is outside knowledge and perspective on health care IT beyond just what Orchard knows on its own. So as we look to expand, there’s a real opportunity with point-of-care management and Trellis. Not only in today’s market through the laboratory that we’re used to, but also as health care evolves and our payment models change to more of a risk-based model, there are a lot of opportunities for Trellis to really make a difference in our health care environment, for health care and more importantly for our patients. And having a partner that has knowledge beyond what we have ourselves just within the laboratory, to be able to assist us with population health management, understanding risk-based contracts, understanding where these efforts can go to benefit patients and caregivers is a terrific opportunity for us that we gain with this partnership.
Billie Whitehurst: I’d add one more thing, and that is to point out that Francisco Partners has a specific expertise in health care IT. If you look at the companies they’ve invested in, they’ve got a real penchant for health care IT, which also brings a set of experiences that we know we can benefit from, things such as migration to staff solutions. There’s real expertise.
Rob Bush: To piggyback on that point, this isn’t a moment of instability for Orchard. It’s a moment of stability. I am the only person who is retiring as a part of this transaction. The rest of the management team is here, and my retirement was part of the deal. That was my request, as you might imagine.
Bringing Billie in makes a lot of sense because she brings talent that we appreciate. This moment of stability gets Orchard ready for the next step.
That’s very good. Kerry Foster, is there something you’d like to say in this context here?
Kerry Foster: I see it as very much a win for Rob and a win for Orchard and all the employees and our customers and our prospects that will be joining us over the next few years.