Ropes & Gray Advises New Mountain Capital in Sale of Convey Health Solutions
Ropes & Gray advised New Mountain Capital in connection with its sale of Convey Health Solutions to TPG Capital. The transaction was announced on September 5. Terms of the transaction were not disclosed.
Convey is a leading provider of technology-enabled and advisory solutions for health plans. The company’s clients include some of the nation’s leading health insurance plans and pharmacy benefit management firms. Convey’s healthcare-focused teams help several million Americans each year to navigate the complex Medicare Advantage Part D and Employer Group Waiver landscape.
The Ropes & Gray team included private equity transactions partners Garrett Charon and John Sorkin (both of New York), benefits partners Danna Kivell (New York), tax partner Adam Greenwood (New York), finance partner Stefanie Birkmann (New York), strategic transactions partner Craig Marcus (Boston), and litigation & enforcement partner David Hennes (New York).