Paul Roma, General Manager of the Watson Health business, will be transitioning to Senior Advisor to Francisco Partners. ![]() “With the commitment, support and deep experience of Francisco Partners, we will invest heavily in expanding the reach of these products as we continue to work with clients to improve healthcare delivery, decision making and performance.” “Merative has market leading products, top clients and talented leadership,” said McCarthy. Prior to eSolutions, Gerry was the President of TransUnion Healthcare and an executive at McKesson. ![]() McCarthy has been in healthcare information technology for 30 years, most recently serving as CEO of eSolutions, a Francisco Partners portfolio company, which exited to Waystar in October 2020. Seasoned healthcare CEO Gerry McCarthy has been tapped to lead the new organization. Merative brings together market-leading offerings that deliver value across the global healthcare ecosystem, serving clients in life sciences, provider, imaging, health plan, employer, and government health and human services sectors. Under the ownership of Francisco Partners, the new standalone company will be called Merative and will be headquartered in Ann Arbor, Michigan. Still, Venkatakrishnan thinks consumers will be willing to pay more to dry their clothes much faster - and, of course, save money on their electricity bill.SAN FRANCISCO-( BUSINESS WIRE)- Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that it has completed the acquisition of healthcare data and analytics assets that were part of IBM’s (NYSE: IBM) Watson Health business, previously announced in January. He doesn’t know how much they’ll cost yet, and people might not run out to buy what could be an expensive purchase. But, he says, “I think we are about four years away from being able to buy this dryer at a Home Depot or at Lowe’s or any appliance retailer.” They still have to test this technology on bigger batches of clothes and build a more sophisticated prototype. GE has partnered with Oak Ridge to help put the ultrasonic dryer on the market. “But it is not an idea that everybody thinks of, because there is a lot of science that goes into it.” “It is not very far-fetched, not very difficult to do,” he says. Venkat Venkatakrishnan, director of research and development at GE Appliances, calls the technology a “big breakthrough.” “This dryer technology has the potential to save somewhere 1 percent of the overall energy consumption of the United States,” he says. The fabric sizzles and steams, and in about 20 seconds, it’s dry. He then douses a small piece of fabric in water and places it on top. It’s basically a small circle of metal called a transducer that he plugs into a battery. Momen’s current prototype looks nothing like a conventional dryer. If I wanted to do the same thing with heat, it’s taking somewhere between 20 to 40 minutes.” “In less than 14 seconds, I could dry a piece of fabric from completely being wet. And Momen thought: What if I use the same technology on a piece of wet fabric? Then, one day, he was thinking about ultrasonic humidifiers - a kind of portable room humidifier that uses high-frequency vibrations to turn water into steam without getting hot. ![]() He knows it’s an energy hog, and it takes so long to dry anything. ![]() Clothes dryers in the United States use about as much energy each year as the entire state of Massachusetts, according to an estimate from EnergyStar, which is part of the reason the Department of Energy is trying to develop more efficient home appliances.Īmong those making significant progress is Ayyoub Momen, a staff scientist at Oak Ridge National Laboratory in Tennessee.
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