Market Overview

Sheridan Capital Partners' Portfolio Company SpendMend Acquires Contract Management Strategies

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SpendMend, a portfolio company of Sheridan Capital Partners, announced
today the acquisition of Contract Management Strategies ("CMS"). Founded
in 2002 by Clayton Hale and headquartered in Irvine, California, CMS
provides audit recovery and professional services for its clients with
specialization in Accounts Payable Audit Recovery, Sales & Use Tax
Consulting and Audit Recovery, Pharmacy Audit Recovery & Price
Reduction, Medical Device Audit Recovery and Tracking.

"We are pleased to be able to bring these two organizations together,"
commented Dan Geelhoed, CEO of SpendMend. "Together we are able to bring
SpendMend's spend visibility, technology and analytics to the CMS client
base, open up CMS' broad array of services to our valued clients here at
SpendMend, and add a very talented group of professionals to our growing
team."

Clayton Hale, President, and CEO of CMS agreed, "We are excited to
leverage the SpendMend infrastructure and proprietary audit processes in
combination with the healthcare recovery areas unique to CMS to better
service our clients. The combination results in a broader and more
efficient experience for all of our clients."

Sean Dempsey, Partner with Sheridan Capital Partners, added, "We
partnered with SpendMend in January 2018 to help advance the Company's
position in the audit recovery market and accelerate its growth plan to
offer a broader suite of cost optimization solutions to its customers.
The CMS acquisition is a meaningful step forward in executing on this
strategy and expands SpendMend's services into the areas of tax, medical
device and pharmacy. We are excited to bring these capabilities to our
valued customers."

About SpendMend

SpendMend provides cost recovery and spend visibility services to
healthcare clients nationwide. Through the use of data, technology and
rigorous analytics, SpendMend is able to identify gaps in processes that
cause financial "leakage" for organizations. Once identified, SpendMend
utilizes this information to actively recover excess spend for its
customers and also provides benchmarking, analytics and actionable
insights. By working closely with clients, SpendMend is a trusted
partner, helping illuminate the path to prevention for financial
"leakage." For more information, visit www.spendmend.com.

About Sheridan Capital Partners

Sheridan Capital Partners ("SCP") is a Chicago-based private equity firm
founded in 2012. SCP focuses on lower middle market buyouts and growth
equity investments across the consumer health sector in the U.S. and
Canada with enterprise values from $25 million to $150 million, bringing
strategic resources to management teams and owners to help accelerate
growth, build enduring value, and achieve strong results. For more
information, please visit www.sheridancp.com.

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