What is Convey?
Convey Health Solutions, established in 2001 and based in Fort Lauderdale, Florida, is a provider of comprehensive healthcare technology solutions. The company specializes in a range of services including offline enrollment processing, telephonic licensed enrollment, outbound campaigns, pharmacy and clinical support, healthcare analytics, risk adjustment, and administration solutions. Convey Health Solutions aims to streamline healthcare operations and enhance patient engagement through its technology-driven offerings.
How much funding has Convey raised?
Convey has raised a total of $1.5B across 3 funding rounds:
Stock Offering
$186M
Private Equity
$1.1B
Debt
$180M
Stock Issuance/Offering (2021): $186M, investors not publicly disclosed
Private Equity (2022): $1.1B led by TPG
Debt (2022): $180M supported by New Mountain Capital, PSP Investments, and Ares Capital
Key Investors in Convey
TPG
TPG is a global investment firm focused on managing alternative assets and supporting business growth across diverse industries. It provides investment management, advisory, and capital solutions to institutions and companies worldwide, operating across private equity, credit, real estate, and impact investing.
New Mountain Capital
New Mountain Capital is an alternative investment firm specializing in private equity, credit, and real estate. The firm focuses on long-term value creation in high-quality businesses within defensive growth industries like healthcare and software.
Ares Capital
Ares Capital Corporation is a leading business development company providing financing solutions to middle-market companies. It specializes in direct lending, offering senior secured loans, mezzanine debt, and equity investments to support growth and acquisitions.
What's next for Convey?
The substantial capital raised, particularly the recent strategic investment, positions Convey Health Solutions for accelerated expansion and further development of its technology platform. This influx of financing suggests a focus on scaling operations, enhancing market penetration, and potentially exploring new service verticals within the healthcare technology landscape. The company's trajectory indicates a strong emphasis on innovation and strategic partnerships to solidify its market presence and drive future growth.
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