Convey Holding Parent, which provides Medicare-focused software and service solutions, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The company, which is also known as Convey Health, is a leading healthcare platform that utilizes technology and processes to improve government-sponsored health plans, including Medicare Advantage. Convey partners with payors to deliver purpose-built technology and services that enhance its clients' workflows, addressing health plan needs including product development and sales, member experience management, clinical management, core operations, business intelligence, and analytics.
The Fort Lauderdale, FL-based company was founded in 2001 and booked $301 million in revenue for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol CNVY. Convey Holding Parent filed confidentially on March 24, 2021. BofA Securities, Goldman Sachs, J.P. Morgan, and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.
