FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Sterling Capital Partners III, LLC
2. Issuer Name and Ticker or Trading Symbol

Adeptus Health Inc. [ ADPT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O STERLING PARTNERS,, 401 NORTH MICHIGAN AVENUE, SUITE 3300
3. Date of Earliest Transaction (MM/DD/YYYY)

5/10/2017
(Street)

CHICAGO, IL 60611
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock   6/9/2017     C (1)    1335068   A   (1) 1335068   I   See footnotes   (3) (6)
Class A Common Stock                  1009813   I   See footnotes   (4) (6)
Class A Common Stock   5/10/2017     F (7)    8834   D $0   5593   I   See footnotes   (5) (6)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Units of Adeptus Health LLC (1)     (2) 6/9/2017     C   (1)       1335068      (2)   (2) Class A Common Stock   1335068   $0   0   I   See footnotes   (3) (6)

Explanation of Responses:
(1)  On June 9, 2017, Units of Adeptus Health LLC were exchanged for shares of Class A Common Stock, as described in footnote 2 below. SCP III AIV THREE-FCER, L.P. has no immediate intention to sell the Class A Common Stock received in this exchange.
(2)  Units of Adeptus Health LLC represent limited liability company units of Adeptus Health LLC and an equal number of shares of Class B Common Stock of Adeptus Health Inc. (the "Issuer"), which together are exchangeable on a one-for-one basis for shares of Class A Common Stock of the Issuer pursuant to the Amended and Restated Limited Liability Company Agreement of Adeptus Health LLC.
(3)  These securities of the Issuer are held by SCP III AIV THREE-FCER, L.P.
(4)  Shares of Class A Common Stock of the Issuer are held by SCP III AIV THREE-FCER Conduit, L.P.
(5)  Represents restricted shares of Class A Common Stock of the Issuer granted as director compensation to former members of the Issuer's board of directors who were employees of Sterling Fund Management, LLC and hold such shares of Class A Common Stock for and on behalf of Sterling Fund Management, LLC, which acts as an advisor to SCP III AIV THREE-FCER, L.P. and SCP III AIV THREE-FCER Conduit, L.P. (the "Sterling Funds"). A portion of the proceeds of any disposition of these securities will be applied against management fees attributable to limited partners of the Sterling Funds which are payable to the advisor. Sterling Fund Management, LLC is wholly-owned by Sterling Fund Management Holdings, L.P., whose general partner, Sterling Fund Management Holdings GP, LLC is managed by Messrs. Steven M. Taslitz, Douglas L. Becker and R. Christopher Hoehn-Saric.
(6)  Sterling Capital Partners III, LLC is the general partner of SC Partners III, L.P., the general partner of each of the Sterling Funds. Messrs. Steven M. Taslitz, Douglas L. Becker and R. Christopher Hoehn-Saric are the managers of Sterling Capital Partners III, LLC.
(7)  Represents a forfeiture of an unvested restricted stock award upon the departure of Mr. Daniel Rosenberg from the Issuer's board of directors.

Remarks:
Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Sterling Capital Partners III, LLC
C/O STERLING PARTNERS,
401 NORTH MICHIGAN AVENUE, SUITE 3300
CHICAGO, IL 60611

X

SCP III AIV THREE-FCER Conduit, L.P.
C/O STERLING PARTNERS,
401 NORTH MICHIGAN AVENUE, SUITE 3300
CHICAGO, IL 60611

X

SCP III AIV THREE-FCER, L.P.
C/O STERLING PARTNERS,
401 NORTH MICHIGAN AVENUE, SUITE 3300
CHICAGO, IL 60611

X

SC Partners III, L.P.
C/O STERLING PARTNERS,
401 NORTH MICHIGAN AVENUE, SUITE 3300
CHICAGO, IL 60611

X

Taslitz Steven
C/O STERLING PARTNERS,
401 NORTH MICHIGAN AVENUE, SUITE 3300
CHICAGO, IL 60611

X

BECKER DOUGLAS L
C/O STERLING PARTNERS,
401 NORTH MICHIGAN AVENUE, SUITE 3300
CHICAGO, IL 60611

X

HOEHN SARIC RULDOLF CHRISTOPHER
C/O STERLING PARTNERS,
401 NORTH MICHIGAN AVENUE, SUITE 3300
CHICAGO, IL 60611

X


Signatures
By: /s/ M. Avi Epstein, General Counsel of Sterling Capital Partners III, LLC, the general partner of SC Partners III, L.P., the general partner of SCP III AIV THREE-FCER, L.P. 6/12/2017
** Signature of Reporting Person Date

By: /s/ M. Avi Epstein, General Counsel of Sterling Capital Partners III, LLC, the general partner of SC Partners III, L.P., the general partner of SCP III AIV THREE-FCER Conduit, L.P. 6/12/2017
** Signature of Reporting Person Date

By: /s/ M. Avi Epstein, General Counsel of Sterling Capital Partners III, LLC, the general partner of SC Partners III, L.P. 6/12/2017
** Signature of Reporting Person Date

By: /s/ M. Avi Epstein, General Counsel of Sterling Capital Partners III, LLC 6/12/2017
** Signature of Reporting Person Date

By: /s/ M. Avi Epstein, attorney-in-fact for Steven M. Taslitz 6/12/2017
** Signature of Reporting Person Date

By: /s/ M. Avi Epstein, attorney-in-fact for Douglas L. Becker 6/12/2017
** Signature of Reporting Person Date

By: /s/ M. Avi Epstein, attorney-in-fact for R. Christopher Hoehn-Saric 6/12/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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