Sheridan Capital Partners has invested in Tres Health, a US alternative health insurance and technology company.
The companies did not disclose the financial terms of the deal.
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The transaction aligns with Sheridan’s focus on the employer-sponsored benefits and alternative health plan sector.
Chris McCrory at Sheridan Capital Partners said: “We believe Tres has built a differentiated platform that gives SMB [small and medium-sized business] employers real alternatives to traditional group health plans – exactly the market segment where we see the strongest demand.
“We look forward to partnering with the team to scale the business, invest in TresTech and bring Tres’ solutions to more employers and brokers nationwide.”
Tres was established in 2021 and is based in Boca Raton, Florida. It operates an insurance platform for employers, offering technology-based health plan products for SMBs.
Its product range includes ACA-compliant Minimum Essential Coverage and Minimum Value Plan options, level-funded major medical plans and ancillary benefits.
Tres provides employers with an alternative way to structure, run and administer health insurance plans.
The business works with national carriers and provider networks including Anthem and Cigna in support of its plans. It retains oversight of plan design and administration through its own platform.
Tres also operates a proprietary digital platform suite, TresTech, which gives members, employers, brokers and providers access to information.
The company serves more than 1,000 employer clients and offers plans and services across all 50 states.
Tres CEO Michael Feeney commented: “Sheridan shares our conviction that thoughtful plan design and technology can make quality health coverage accessible to the small and medium-sized employers who need it most.
“Their deep healthcare expertise and operational resources will help us broaden our product suite, expand into new markets and ultimately serve more employers navigating rising healthcare costs.”
