Convey - M&A Summary, Ownership, and Business Overview

Information TechnologyCompany

Convey M&A Summary

Convey has acquired 2 companies of its own, including 1 in the last 5 years. It has also divested 1 asset.

Convey’s largest acquisition to date was in 2022, when it acquired HealthSmart International for $78M. Convey has acquired in 2 different US states. The Company’s most targeted sectors include medical products (50%) and software (50%).

Convey Ownership

Who owns Convey?

Convey is owned by TPG. It was acquired on June 21, 2022.

Is Convey PE-backed?

Yes. Convey is owned by private equity investor TPG.

Was Convey formerly PE-backed?

Yes. Convey was formerly owned by 3 private investors.

Convey Business Overview

Where is Convey headquartered?

Convey is headquartered in Fort Lauderdale, Florida.

What is Convey’s revenue?

Convey disclosed revenue of 337M USD for 2021 and 282M USD for 2020.

How many employees does Convey have?

Convey has 2,960 employees.

What sector is Convey in?

Convey is an information technology company.

When was Convey founded?

Convey was founded in 2003.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

Convey

Convey Health Solutions Holdings, Inc.

100 SE 3rd Avenue, 26th Floor,
Fort Lauderdale, Florida 33394
United States,
(800) 559-9358
www.conveyhealthsolutions.com

Convey is a specialized healthcare technology and business process outsourcing firm that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement, and analytics. Convey was founded in 2003 and is based in Fort Lauderdale, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 1 - - 1 - - 2
vol $78M $78M
Sell (0.2/yr) # - - - - - 1 1
  3

Most Recent M&A

Company Date Value Type
HealthScape Advisors 2024-02-06 - Divestiture
Chicago, Illinois · www.healthscapeadvisors.com
HealthSmart International 2022-01-10 78M USD Divestiture
Waukegan, Illinois · www.livehealthsmart.com
Gorman Health Group LLC 2017-10-16 - Add-on Acquisition
Washington, District of Columbia · www.gormanhealthgroup.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 1 (50%) 78M (100%) - -
Software 1 (50%) - - -
Business Services - - 1 (100%) -
Total 2 $78M 1 -

By Geo

State/Country Buy Value Sell Value
United States 2 78M 1 -
  Illinois 1 78M 1 -
  District of Columbia 1 - - -
Total 2 $78M 1 -

Top M&A Advisors

Financial Deals
Evercore Group
1
Legal Deals
Davis Polk & Wardwell
1

Deal Values

buy # Total
< $100M 1 $78M
TOTAL $78M
Largest HealthSmart International
$78M (2022-01-10)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)
Divested to
Strategic(s)
100%
1 (100%)

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