Fierce Health Payers June 16, 2021
Medicare-Advantage-focused health tech company Convey Health Solutions is aiming to raise more than $186 million in its initial public offering today.
The company said Tuesday that it would make 13.3 million shares available at $14 per share at the start of trading Wednesday. The IPO is expected to close June 18, with Convey trading on the New York Stock Exchange under the ticker “CNVY.”
Nearly 11.7 million shares are being offered by the company, and 1.7 million are being offered by a selling shareholder. Convey said it plans to use the proceeds from the IPO to pay down debts and continue its growth trajectory.
CEO Stephen Farrell told Fierce Healthcare in an interview that the company sees specific areas where...
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