M&A Deal Summary

Coalesce Capital Acquires DAS Health

On May 27, 2025, private equity firm Coalesce Capital acquired information technology company DAS Health from Sheridan Capital Partners

Acquisition Highlights
  • This is Coalesce Capital’s 1st transaction in the Information Technology sector.
  • This is Coalesce Capital’s 4th transaction in the United States.
  • This is Coalesce Capital’s 1st transaction in Florida.

M&A Deal Summary

Date 2025-05-27
Target DAS Health
Sector Information Technology
Buyer(s) Coalesce Capital
Sellers(s) Sheridan Capital Partners
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)
McDermott Will & Emery (Legal)

Target

DAS Health

Tampa, Florida, United States
DAS Health is a provider of Health IT and management solutions and a trusted consultant to many physician groups, hospitals, and healthcare systems across North America. DAS delivers Health Information Technology (HIT), MSP, cybersecurity, RCM medical billing, value-based care, patient engagement, compliance, and practice management solutions for nearly 20,000 users nationwide. DAS Health was founded in 2003 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Coalesce Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2022
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Coalesce Capital is a private equity firm that partners with entrepreneurs and management teams and seeks to invest in human capital and technology-enabled services companies with at least $25?million of revenue and $5?million in EBITDA. Coalesce Capital was founded in 2022, is headquartered in New?York, New York.


DEAL STATS #
Overall 4 of 5
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Florida M&A 1 of 2
Country: United States M&A 4 of 5
Year: 2025 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-06 Pearl Meyer

Wellesley, Massachusetts, United States

Pearl Meyer is an independent executive compensation consulting firm. PM&P has served as a trusted advisor to Boards and their senior management in the areas of governance, strategy, and compensation program design. Clients from the Fortune 500 to not-for-profits and emerging high-growth companies rely on PM&P to help align rewards with long-term business goals to create value for all stakeholders: shareholders, executives, and employees. Pearl Meyer was founded in 1989 and is based in Wellesley, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-11 DecisionHR

Saint Petersburg, Florida, United States

DecisionHR is a national provider of professional employer and HR outsourcing services, serving small- and mid-sized businesses across the United States. DecisionHR was founded in 1996 and is headquartered in St. Petersburg, Florida.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Sheridan Capital Partners is a private equity firm focused on acquiring and investing in consumer products/services and healthcare companies across the US and Canada. Sheridan looks to invest $15 to $100 million in businesses valued from $25 to $150 million. Prospective transaction situations include growth buyouts, family owned company acquisitions, consolidations, and recapitalizations. Sheridan Capital Partners was formed in 2012 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 9 of 9
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 4
State: Florida M&A 3 of 3
Country: United States M&A 8 of 8
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-06 FirstEnroll

Holmdel, New Jersey, United States

FirstEnroll is a health insurance billing and enrollment Third-Party Administrator (“TPA”). provides specialized administrative support to independent agencies and agents for supplemental and related health insurance products, including an end-to-end online and in-person support solution. FirstEnroll was founded in 2018 and is based in Holmdel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-29 Currier Plastics

Auburn, New York, United States

Currier Plastics is a manufacturer of custom, precision plastic components used primarily in the healthcare and life sciences industries. Currier Plastics was founded in 1982 and is based in Auburn, New York.

Buy -