Orchard Software Acquired by Francisco Partners
Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to Orchard Software Corporation (“Orchard” or the “Company”) in its recently announced acquisition by Francisco Partners.
Headquartered in Carmel, Indiana, Orchard is a privately-owned company specializing in developing and supporting award-winning Laboratory Information Systems (“LIS”) that enhance clinical and pathology laboratory workflow, as well as support laboratory outreach and point-of-care testing. Orchard has been a leader in KLAS rankings since 2002 and currently serves more than 1,500 multi-site and multi-specialty physician groups and clinics, hospitals, independent reference labs and other healthcare facilities.
“I am proud of what our team has built at Orchard and look forward to continued success and innovation with our new equity partner, Francisco Partners, that brings additional expertise and capital to our growing software platform”, said Rob Bush, Founder and CEO. “BCA provided sound advice throughout the process that yielded a fantastic outcome for our shareholders, employees and customers”.
“Orchard has been a trailblazer in the LIS industry, developing industry-leading products for a large, loyal customer base,” stated John Kibler, Managing Director at BCA. “It was a pleasure representing Orchard in this important transaction and working with such a high-quality company and team”.
About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors is one of the South’s leading boutique investment banks, providing mergers and acquisitions and capital raising advice to privately-held, middle-market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor on transactions totaling approximately $6.5 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has 22 investment banking professionals. For more information, please visit www.brentwoodcapital.com.
About Orchard Software Corporation
Orchard Software Corporation, founded in 1993, is a leader in the LIS industry and offers a variety of laboratory system solutions. Orchard’s products are installed in all sizes of multi-site and multi-specialty physician groups and clinics, hospitals, independent reference labs, student health centers, veterinary labs and public health organizations. Orchard serves more than 1,500 laboratories across the country, helping them improve efficiency, reduce errors and enhance integration.
About Francisco Partners
Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch 20 years ago, Francisco Partners has raised over $14 billion in capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry.