Convey Health Solutions Sold By PE Firm

After a three-year partnership, New Mountain Capital is selling Convey Health Solutions, Inc. to TPG Capital for an undisclosed amount. According to sources cited by, New Mountain Capital has been looking for a buyer since last April. The sources also projected Convey Health should generate roughly $50 million EBITDA in 2019, up from $10 million in 2016. The target company provides technology solutions exclusively for government-sponsored health insurance plans such as Medicare Advantage, Medicare Part D, and Employer Group Waiver Plans.  The company’s management and other select stakeholders will remain invested in the company. TPG will be getting a robust digital health... Read More »