M&A Deal Summary

Sheridan Capital Partners Acquires DAS Health

On May 4, 2021, private equity firm Sheridan Capital Partners acquired information technology company DAS Health

Acquisition Highlights
  • This is Sheridan Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Sheridan Capital Partners’ 13th transaction in the United States.
  • This is Sheridan Capital Partners’ 3rd transaction in Florida.

M&A Deal Summary

Date 2021-05-04
Target DAS Health
Sector Information Technology
Buyer(s) Sheridan Capital Partners
Deal Type Recapitalization
Advisor(s) Clearsight Advisors, Inc.
Marcum LLP (Financial)
Hill Ward Henderson (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. With offices in Florida, Nevada, New Hampshire and Texas, and employees in many other key states, 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
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 14 of 20
Sector (Information Technology) 1 of 3
Type (Recapitalization) 3 of 3
State (Florida) 3 of 3
Country (United States) 13 of 19
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Canadian Orthodontic Partners

Etobicoke, Ontario, Canada

Canadian Orthodontic Partners is the largest specialty dental services organization providing management services to orthodontic practices throughout Canada, supporting locations in five provinces, from coast to coast. The Company’s partner practices provide excellent clinical care and an elevated patient experience. Canadian Orthodontic Partners is based in Etobicoke, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 SimiTree Healthcare Consulting

Hamden, Connecticut, United States

SimiTree Healthcare Consulting offers a suite of services, including outsourced billing, coding and revenue cycle management; executive recruiting, interim staffing and other talent solutions; guidance through mergers and acquisitions; sales consulting and education; and data analytics. SimiTree Healthcare Consulting is based in Hamden, Connecticut.

Buy -