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Sheridan Capital Partners 2024 Year in Review

01/30/2025

2024 Year in Review

In 2024, Sheridan remained focused on delivering value through strategic investments, closing 14 transactions across the healthcare sector. We are pleased with our team’s continued growth and grateful for the strong partnerships that drive our collective success. We look forward to building on this momentum in the year ahead.

Firm & Fund Activity

• Closed 13 acquisitions
• Completed strategic merger
• 16 new team members joined SCP

Strategic Combination

Empower Physical Therapy, a therapist-founded and -led provider of physical therapy services including pre- and post-surgical, chronic injury, and work injury rehabilitation, is pleased to announce a combination with Doctors of Physical Therapy, a provider of outpatient physical therapy and onsite industrial and injury prevention services across the Midwest.

Select M&A Highlights

All of our portfolio companies are actively seeking add-on investments. Over the past year, we completed 13 add-on acquisitions across our portfolio companies .

ADVI
ADVI Health, a strategic consulting partner to the healthcare and life sciences ecosystem, acquired Partnership for Health Analytic Research (PHAR), a global health technology assessment (HTA) and health economics and outcomes research (HEOR) consultancy, known for providing high-impact, data-driven insights to biopharmaceutical sponsors and clients.

Ascend Plastic Surgery Partners
Ascend Plastic Surgery Partners, a plastic surgery and aesthetics practice management company, acquired Ponte Vedra Plastic Surgery & Tallahassee Plastic Surgery.

DAS Health
DAS Health, a provider of managed IT services to healthcare providers, acquired the North American Digital Health division from an established Canadian digital transformation provider. This strategic acquisition established DAS Health in the Canadian market and further expanded the company’s presence in the senior care sector throughout North America. Following the acquisition of VCPI in 2023 and the aforementioned Digital division, DAS now serves 1,000+ senior living and nursing homes in the U.S. and Canada.

Future Care Consultants
FCC, a provider of tech-enabled and mission-critical revenue cycle management, payor contract management, therapy services to skilled nursing facilities nationwide, completed two acquisitions to expand service offerings and the addressable market. Since Sheridan invested, FCC has completed four acquisitions, resulting in FCC now serving 2,200+ skilled nursing facilities, processing $4.1 billion in claims, handling $3.2 billion in accounts payable, and managing 225,000 therapy patients annually.

Oral Surgery Partners
Oral Surgery Partners, a physician practice management platform providing tooth extractions and implants by board-certified oral surgeons across the U.S., completed 5 acquisitions and now supports 100+ doctors across 20+ states.

Team

Sheridan Capital Partners continues to invest in talent, adding sixteen new hires across the firm in 2024 to supplement the investment team, operations group, and business development team.

Among these hires are several key senior-level additions. Jeff Foote and Jacob Greenberg joined Sheridan as Partners and will focus on investing in healthcare software and technology companies. Michael Bernard also recently joined us as Principal; he will focus on investing in opportunities across the healthcare landscape with a particular emphasis on outsourced med tech and pharma services.

We also welcomed four further deal professionals including Conor Kolstad as Vice President and Christie Keller as Senior Associate.

Lastly, we are pleased to announce the promotions of Chris McCrory to Partner and Alexandra Kier to Managing Director. Chris, who joined in 2017, has been an integral member of the investment team, and Alexandra, who joined in 2018, leads our business development efforts. We look forward to their continued contributions and leadership in the years ahead.

Partner with Us

If you are an intermediary, operating executive, or business owner interested in partnering with Sheridan, please reach out to Alexandra Kier.

About Sheridan Capital Partners

Sheridan Capital Partners is a Chicago-based healthcare private equity firm that focuses on lower middle market buyouts and growth equity in the U.S. and Canada. Sheridan partners with companies in the verticals of providers and provider services, healthcare IT and outsourced services, and consumer health and medical products, and strives to bring strategic resources to accelerate growth, build enduring value, and achieve strong results.

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