Sheridan Capital Partners has sold a majority stake in DAS Health Ventures to Coalesce Capital, retaining a minority ownership as DAS Health continues its growth in the healthcare IT sector.

Information on the Target

DAS Health Ventures, LLC, commonly referred to as DAS Health, is a healthcare IT and business solutions provider headquartered in Tampa, Florida. Founded in 2003 by David Schlaifer, the company specializes in delivering managed IT services, cybersecurity, cloud hosting, revenue cycle management, compliance, and electronic health record (EHR) and practice management (PM) support. DAS Health serves a diverse clientele that includes independent physician groups, hospitals, and senior living organizations across North America.

Since Sheridan Capital Partners initially partnered with DAS Health in 2021, the company has significantly expanded its geographic presence, including a successful entry into the Canadian market. DAS Health has also diversified its service offerings and completed four strategic acquisitions, namely vcpi, Itelagen, and Itentive, aimed at enhancing its foothold in senior care and managed services. Leadership within the company has also seen a transformation, with Schlaifer taking on the role of Executive Chairman and the appointment of Michelle Jaeger as CEO in 2023.

Industry Overview

The healthcare IT industry in North America has witnessed substantial growth in recent years, driven by increasing demand for advanced technological solutions aimed at improving patient care and operational effic