ICANotes LLC

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ICANotes LLC - overview

Established

1999

Location

Annapolis, MD, US

Primary Industry

Healthcare IT

About

ICANotes LLC, based in the US, specializes in providing an advanced electronic medical record (EMR) and electronic health record (EHR) platform designed specifically for the behavioral health sector. Founded in 1999 and headquartered in Annapolis, US, ICANotes LLC develops software tailored for mental health providers. The company has engaged in strategic initiatives to adapt its offerings to the evolving needs of behavioral health clinicians. There is no mention of subsidiaries or significant changes in business operations.


No information on a founder is available, and the company has completed one funding deal as of December 31, 2025. ICANotes is a purpose-built electronic medical record (EMR) and electronic health record (EHR) platform specifically designed for the behavioral health sector. Its core product offerings include comprehensive documentation tools, integrated telehealth services, e-prescribing, billing, and practice management features, all tailored to meet the unique needs of mental health providers. Released in 1999 and continuously updated, ICANotes provides clinicians with customizable menu-driven templates and AI-powered documentation assistance, allowing them to create accurate, audit-ready notes in an average of three minutes.


The software caters to a diverse clientele, including psychiatrists, therapists, psychologists, social workers, and psychiatric nurse practitioners, serving both solo practitioners and large behavioral health organizations across multiple geographical markets, including the United States and Canada. ICANotes generates revenue primarily through subscription-based models for its EHR and EMR software, offering tiered pricing plans that cater to different practice sizes and needs. The transaction structure typically involves direct sales to healthcare providers who subscribe to the software for ongoing use and support. Clients are billed on a recurring basis, which may include additional fees for premium features such as advanced billing functionalities and telehealth services.


These subscription plans are designed to ensure that clinicians have continuous access to the full suite of software tools, thus facilitating streamlined workflows and enhancing patient care efficiency. ICANotes has established itself as a trusted partner among over 20,000 behavioral health clinicians, further solidifying its footprint in the mental health software market. ICANotes plans to utilize the recent investment from Sheridan Capital Partners, received in December 2025, to expand its customer base and enhance its platform capabilities. The company aims to introduce new products and services to better serve its users in the behavioral health market.


Additionally, there are strategies in place to broaden its geographic reach beyond the US and Canada, although specific new markets have not been detailed yet.


Current Investors

Sheridan Capital Partners

Primary Industry

Healthcare IT

Sub Industries

Healthcare IT, Medical Software

Website

www.icanotes.com

Verticals

Artificial Intelligence, Cloud Computing, HealthTech

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

ICANotes LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedICANotes LLC-

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