OraSure Technologies Appoints John D. Bertrand to its Board of Directors

Enters into Cooperation Agreement with Altai Capital

Apr. 17, 2026 at 12:41am

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A minimalist studio photograph featuring a collection of premium business objects like a laptop, pen, and paperweight arranged elegantly on a clean, monochromatic background, conceptually representing OraSure's corporate strategy and innovation.OraSure's strategic moves to strengthen its board and governance signal a renewed focus on driving long-term value for shareholders.Bethlehem Today

OraSure Technologies, Inc., a leader in point-of-need and home diagnostic tests and sample management solutions, announced the appointment of John D. Bertrand, a healthcare technology executive with over a decade of experience driving AI-enabled innovation in diagnostics, to its Board of Directors as an independent director. The company also announced that it will seek shareholder approval at its 2026 Annual Meeting to declassify the Board, further underscoring its commitment to strong governance and shareholder engagement.

Why it matters

The addition of John Bertrand to OraSure's Board, along with the proposed declassification of the Board, is expected to strengthen the company's strategic efforts as it continues to accelerate its growth and drive margin improvement. Bertrand's expertise in AI-enabled diagnostics and commercial healthcare technology is seen as a valuable asset as OraSure works to deliver sustained, long-term value for shareholders.

The details

OraSure has entered into a Cooperation Agreement with Altai Capital Management, L.P., under which Altai will withdraw its director nominations for the Annual Meeting and members of OraSure's Board and management team will meet with Altai on a regular basis to discuss financial and strategic matters. The Cooperation Agreement includes customary standstill, voting, and other provisions.

  • OraSure announced the appointment of John D. Bertrand to its Board of Directors, effective immediately.
  • OraSure will seek shareholder approval at its 2026 Annual Meeting of Stockholders to declassify the Board.

The players

John D. Bertrand

A healthcare technology executive with more than a decade of experience driving AI-enabled innovation in diagnostics. He co-founded Digital Diagnostics Inc. and most recently served as its Chief Executive Officer.

Altai Capital Management, L.P.

An investment management firm that has entered into a Cooperation Agreement with OraSure.

Jack Kenny

Chair of the OTI Board.

Rishi Bajaj

Founder and CIO of Altai Capital Management, L.P.

Carrie Eglinton Manner

Chief Executive Officer of OraSure Technologies, Inc.

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What they’re saying

“We are pleased to welcome John to our Board as we continue to make meaningful progress in advancing our multi-year transformation strategy. OraSure is well positioned to continue accelerating our growth and driving margin improvement, and we believe John's experience in AI-enabled diagnostics and commercial healthcare technology will strengthen our strategic efforts. Our proposal to declassify the Board further underscores our commitment to strong governance, disciplined oversight, and ongoing shareholder engagement as we work to deliver sustained, long-term value.”

— Jack Kenny, Chair of the OTI Board

“We are pleased with the outcome of our engagement with OraSure and the steps the Company has taken to enhance its Board and governance practices. John's appointment, together with our ongoing constructive dialogue with OraSure's Board and management team, strengthens our confidence that the Company is on the path to delivering sustained value. We believe OraSure is well positioned to create meaningful long-term value for shareholders as it executes its strategy.”

— Rishi Bajaj, Founder and CIO of Altai Capital Management, L.P.

What’s next

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The takeaway

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