Convey Health Solutions
Convey Health Solutions (“Convey”) is a leading provider of technology-enabled plan administration solutions and services to clients focused on the government-sponsored health insurance end-market. Convey leverages its proprietary technology solutions to manage the administration of benefits for its clients’ Medicare Advantage and Medicare Part D prescription drug plans, including employer group waiver plans. The company works on behalf of some of the nation’s largest health insurance companies and pharmacy benefit managers, helping them manage end-to-end health insurance processes from eligibility and enrollment processing to premium billing and payment processing, reconciliation, and other related services. Convey’s proprietary technology platform and highly trained workforce help several million Americans each year to navigate the complex Medicare Part D and Medicare Advantage landscape. Convey is headquartered in Fort Lauderdale, FL.
New Mountain identified Convey as part of the firm’s proactive “deep dive” efforts in the healthcare and business services sectors. After entering a dialogue with Convey in May 2016, New Mountain completed the acquisition of the company in October 2016 on an exclusive, proprietary basis without an auction.