Convey Health Solutions, Inc., a leading provider of technology solutions for government-sponsored health insurance plans, today announced that it has partnered with New Mountain Capital, LLC, A growth-oriented investment firm that currently manages over $15 billion in assets.
Headquartered in Fort Lauderdale, FL, Convey conveys business prepare innovation and arrangements that improve forms for Medicare Part D and Medicare Advantage programs while driving administrative consistence and decreasing related organization costs. Pass on selective social insurance center and exclusive innovation stage permit it to productively oversee end-to-end medical coverage forms for its clients, from qualification and enlistment handling to premium charging and installment preparing, compromise and other related administrations.
“We are excited to be partnering with New Mountain Capital and look forward to working with their team to continue to bring best-in-class technology and solutions to our customers,” said Steve Farrell, CEO of Convey. “Given New Mountain’s focus on building businesses and driving growth, we anticipate having more resources to help us continue to enhance our services and to deliver even more value to our customers.”
“Convey is a clear leader in compliance-driven benefits administration, and we are excited to support the Company in its next phase of growth,” said Matt Holt, Managing Director of New Mountain. “Since its inception, Convey has been completely dedicated to ensuring the success of its clients. We look forward to working with Convey’s management team to accelerate growth while maintaining the same high level of customer service that has always been at the core of the Company’s focus.”
Eir Partners is co-investing in the transaction with New Mountain Capital. Eir Partners, along with TripleTree, advised New Mountain in the transaction. Houlihan Lokey represented Convey in the transaction.
Convey Health Solutions 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. Through its centers in Florida, Arizona, Illinois, and the Philippines, Convey Health Solutions creates better business results and better healthcare consumer experiences on behalf of business customers and partners. The company’s clients include some of the nation’s leading health insurance companies and pharmacy benefit management firms. Their healthcare-focused teams help several million Americans each year to navigate the complex Part D Medicare and Medicare Advantage landscape. Learn more at www.ConveyHealthSolutions.com.
About New Mountain Capital
New Mountain Capital is a New York based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $15 billion in aggregate capital commitments. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com.