Growth Capital • Information Technology

Sheridan Capital Partners and Twin Brook Capital Partners Invest In SimiTree Healthcare Consulting

On May 18, 2021, private equity firm Sheridan Capital Partners and mezzanine finance firm Twin Brook Capital Partners invested in information technology company SimiTree Healthcare Consulting

Investment Context
  • This is Sheridan Capital Partners’ 2nd and Twin Brook Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Sheridan Capital Partners’ 14th and Twin Brook Capital Partners’ 17th transaction in the United States.
  • This is Sheridan Capital Partners’ 1st and Twin Brook Capital Partners’ 1st transaction in Connecticut.

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Investment Summary

Date May 18, 2021
Target SimiTree Healthcare Consulting
Sector Information Technology
Investor(s) Sheridan Capital Partners
Twin Brook Capital Partners
Deal Type Growth Capital
Advisor(s) Brentwood Capital Advisors (Financial)
Robinson & Cole (Legal)

Target Company

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.
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Investors Overview 2

Investor
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 Context for Investor #
Overall 15 of 21
Sector: Information Technology 2 of 3
Type: Growth Capital 9 of 13
State: Connecticut 1 of 1
Country: United States 14 of 20
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Smile Doctors

Dallas, Texas, United States

Smile Doctors operates as an orthodontic support organization in the U.S., providing business management and operational services to affiliated orthodontic practices. It supports a network of practices that offer orthodontic treatments such as braces and aligners, helping with administrative and operational functions so clinicians can focus on patient care. Smile Doctors was founded in 2015 and is based in Dallas, Texas.

Sell -
Investor
DESCRIPTION

Twin Brook Capital Partners is a provider of senior financing to small and mid-sized profitable companies. The Firm looks to offer a variety of credit and equity solutions including revolvers, senior loans, unitranche loans, mezzanine financing, and equity co-investment to US-based companies with $3 to $50 million in EBITDA. Target sectors include industrial, manufacturing, business services, financial services, insurance, aerospace/defense, distribution, healthcare, and software/tech enabled services. Twin Brook Capital Partners is based in Chicago, Illinois.


Deal Context for Investor #
Overall 18 of 26
Sector: Information Technology 1 of 1
Type: Growth Capital 3 of 5
State: Connecticut 1 of 1
Country: United States 17 of 25
Year: 2021 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Aptitude Health

Atlanta, Georgia, United States

Aptitude Health provides market insights and strategic support for cancer treatment development. It works with physicians, key opinion leaders, and market access experts to assist life science and pharmaceutical companies. Aptitude Health was founded in 2004 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-17 Window Nation

Fulton, Maryland, United States

Window Nation is a DTC provider of windows and related products for the residential repair and replacement market in the United States. Window Nation was founded in 2006 and is based in Fulton, Maryland.

Sell -