Convey Holding (Convey Health Solutions)

General Information
Convey Health is a leading healthcare platform that uses technology and processes to improve government-sponsored health plans, including Medicare Advantage (“MA”). Our proprietary modular technology and end-to-end solutions replace or supplement our clients’ existing systems and processes, enabling us to help health plans attract and retain members, improve revenue accuracy, drive cost savings, facilitate regulatory compliance and enhance operational effectiveness.
Our clients are primarily Medicare Advantage plans, Medicare Part D plans (“PDP”) including Employer Group Waiver plans (“EGWP”) and pharmacy benefit managers (“PBM”). As of Dec. 31, 2020, our solutions managed over 2.5 million MA members and 1.6 million PDP members. Additionally, our value-based analytics, which are powered by our 28 million member data set, provided actionable insights for nearly 2.1 million MA members in 2020. In total, our solutions addressed over 19% of MA lives.
(Note: Convey Parent, also known as Convey Health Solutions, priced its IPO on June 15, 2021, at $14 – the low end of its $14-to-$16 price range – on 13.33 million shares, the same number of shares in the prospectus, to raise
Industry: Services - Business Services (Health)
Employees: 3000
Founded: 2019
Contact Information
Address 100 SE 3rd Avenue, 26th Floor Fort Lauderdale, FL 33394
Phone Number (800) 559-9358
Web Address
View Prospectus: Convey Holding (Convey Health Solutions)
Financial Information
Market Cap $1082.15mil
Revenues $282.9 mil (last 12 months)
Net Income $-6.46 mil (last 12 months)
IPO Profile
Symbol CNVY
Exchange NYSE
Shares (millions): 13.3
Price range $14.00 - $14.00
Est. $ Volume $186.6 mil
Manager / Joint Managers BofA Securities/ Goldman Sachs/ J.P. Morgan/ Barclays
CO-Managers TPG Capital BD/ Truist Securities/ Canaccord Genuity/ AmeriVet Securities/ Siebert Williams Shank
Expected To Trade: 6/16/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change