MobiHealth News June 24, 2022
The merger with its principal shareholder TPG Capital is expected to close in the second half of 2022.
Convey Health Solutions, which provides technology and analytics services for health plans like Medicare and Medicaid, announced it would go private through a merger with its principal shareholder, TPG Capital.
Under the terms of the deal, private equity firm TPG will acquire all outstanding shares of Convey common stock not currently owned by TPG or certain management and director shareholders for $10.50 per share in cash, or about $1.1 billion. The merger is expected to close in the second half of 2022.
“We believe this transaction provides substantial value, liquidity and certainty for our shareholders. Going forward, as a private company and...
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