Morrison & Foerster advised Francisco Partners, a San Francisco-based private equity firm, in obtaining financing to support the acquisition of Orchard Software Corporation, 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 (POCT). The transaction was announced on September 30, 2019.
Orchard Software Corporation, founded in 1993, is a leader in the laboratory information system 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.
The MoFo team was led by Finance partner Darío Avram.