Dallas, Texas, April 22, 2010 – T-System, Inc., a leader in clinical documentation solutions for hospital emergency departments (EDs), announced that Francisco Partners, one of the world’s largest technology-focused private equity firms, has agreed to make a significant capital investment in the company. The transaction is expected to close shortly, after satisfying customary closing conditions.
Woodrow “Woody” Gandy, M.D., and Robert Langdon, M.D., founded T-System in 1996 and used their combined 35 years of experience practicing emergency medicine to give ED clinicians a better way to document patient visits. These solutions provide clinical meaning and increase efficiency, ultimately improving work flow, quality of care and the bottom line. Today, T-System offers both software- and paper-based clinical documentation solutions and serves more than 40 percent of
Upon closing of the transaction, John Trzeciak will assume the role of president and CEO at T-System. Trzeciak has more than 25 years of experience as a healthcare IT executive, has served as operating advisor with Francisco Partners for more than five years and currently serves on the boards of directors of several Francisco Partners healthcare IT portfolio companies. Trzeciak was co-founder of Health Systems International, a clinical information systems company acquired by 3M in 1993. Alongside Trzeciak, the current senior management team will continue to lead T-System after the transaction is completed. Drs. Gandy and Langdon will retain significant interests in the company and continue to serve on the company’s board of directors.
T-System represents the sixth Francisco Partners investment in the healthcare IT industry, and joins its current portfolio companies, which include AdvancedMD Software, API Healthcare, Healthland and QuadraMed, as well as a former FP company, LYNX Medical Systems, which was acquired by Picis Inc. in 2007.
