T-System, Inc., a Dallas, Texas-based provider of both software- and paper-based clinical documentation solutions to more than 40% of U.S. hospital emergency departments, will receive a “significant” investment from Francisco Partners, a technology-focused private equity firm.
The transaction is expected to close shortly, after satisfying customary closing conditions.
The capital infusion will enable the company to accelerate key investments in people, processes and technology that will result in better solutions for our customers.
Upon closing of the transaction, John Trzeciak will assume the role of president and CEO at T-System. He 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.