Sheridan Capital Partners has completed its investment in ICANotes, a behavioral health EHR and PM software platform, to capitalize on the growing demand for specialized healthcare technology solutions.

Target Company Overview

ICANotes, founded in 1999 and headquartered in Baltimore, Maryland, specializes in Practice Management (PM) and Electronic Health Record (EHR) software tailored for the behavioral health sector. The Company offers a comprehensive, cloud-based platform designed specifically for mental health professionals, including psychiatrists, therapists, counselors, social workers, and nurse practitioners. ICANotes integrates advanced features and AI-enhanced capabilities that facilitate clinical workflows, save time, and enhance patient care while ensuring compliance with regulatory standards.

The platform serves a diverse range of behavioral health organizations across settings such as outpatient clinics, inpatient facilities, and residential treatment centers. Its functionalities cover areas like medication management, psychotherapy, substance use disorder treatment, trauma-focused care, family therapy, case management, and psychosocial rehabilitation, catering to the rising demand for effective behavioral health services.

Industry Overview

The behavioral health industry in the United States is undergoing significant transformations, spurred by an increasing demand for mental health services and growing awareness of mental health issues. This surge has necessitated robust practice management systems