Sheridan Capital Partners has closed a majority recapitalization in health insurance services provider Tres Health, PE Hub reports. The founders - Michael Feeney, Ari Rostowsky and David Morris - sold their stake but continue leading the company as senior management.

Sheridan's Chris McCrory told PE Hub that employers will see more investment in the self-insured space as the best approach to controlling healthcare costs. The transaction reflects broader trends in healthcare services where private equity targets companies helping employers navigate insurance complexities.

While financial terms weren't disclosed, the recapitalization signals confidence in Tres Health's business model amid evolving healthcare regulations. The deal highlights how private equity continues to find opportunities in healthcare services despite market uncertainty.