M&A Deal Summary

Convey Acquires HealthSmart International

On January 10, 2022, Convey acquired medical products company HealthSmart International from Briggs Healthcare for 78M USD

Acquisition Highlights
  • This is Convey’s 1st transaction in the Medical Products sector.
  • This is Convey’s largest (disclosed) transaction.
  • This is Convey’s 2nd transaction in the United States.
  • This is Convey’s 1st transaction in Illinois.

M&A Deal Summary
Date 2022-01-10
Target HealthSmart International
Sector Medical Products
Buyer(s) Convey
Sellers(s) Briggs Healthcare
Deal Type Divestiture
Deal Value 78M USD

Target

HealthSmart International

Waukegan, Illinois, United States
HealthSmart International designs, creates and distributes products. HealthSmart International is based in Waukegan, Illinois.

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Buyer(S) 1

Buyer

Convey

Fort Lauderdale, Florida, United States
Category Company
Founded 2003
Sector Information Technology
Employees2,960
Revenue 337M USD (2021)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 Gorman Health Group

Washington, District of Columbia, United States

Gorman Health Group LLC is a consulting and software solutions firm specializing in government health programs, including Medicare, Medicaid, and Health Insurance Marketplace opportunities. Gorman Health Group is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 HealthScape Advisors

Chicago, Illinois, United States

HealthScape Advisors is a management consulting firm dedicated to helping organizations solve the most challenging business problems in healthcare. HealthScape supports health plans, providers, specialty health companies, investors and innovators as they embark on their most important initiatives, helping them to grow profitably, improve performance and transform their businesses. HealthScape Advisors is based in Chicago, Illinois.

Sell -

Seller(S) 1

SELLER

Briggs Healthcare

Moines, Iowa, United States
Category Company
Founded 1947
Sector Information Technology
DESCRIPTION

Briggs Healthcare is a trusted partner and provider of compliance tools and expertise to the post-acute market for more than 70 years. Briggs serves more than 50,000 customers with professional documentation systems and forms, compliance services, and data workflow and analytic capabilities through our subsidiary, SimpleLTC.

DEAL STATS #
Overall 3 of 3
Sector (Medical Products) 2 of 2
Type (Divestiture) 3 of 3
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 SimpleLTC

Richardson, Texas, United States

SimpleLTC is a data analytics software company that simplifies regulatory compliance, reimbursement optimization, and quality measurement for post-acute care healthcare. Specialties include predictive MDS and quality measures analytics, MDS workflow and reporting, PBJ compliance, and state-specific Medicaid and reimbursement solutions. SimpleLTC is based in Richardson, Texas.

Sell -
Mergr

Product

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