Convey Health Solutions: Who Owns The Company?
Convey Health Solutions is owned by New Mountain Capital, which completed the sale of Convey from Comvest Partners in 2025 and became the company's latest private-equity owner. Earlier in its ownership history, Convey was held by TPG Capital and, before that, Comvest Partners and New Mountain Capital at different points in the company's buyout cycle.
Ownership history
Convey Health Solutions has changed hands several times as private equity firms bought, held, and sold the business over the years. The company was founded in 2001, acquired by Comvest in 2009, sold to New Mountain Capital in 2016, taken private by TPG in a later transaction, and then sold again to New Mountain Capital in 2025. That makes New Mountain Capital the current owner based on the most recent publicly reported transaction.
| Year | Owner | What happened |
|---|---|---|
| 2009 | Comvest Partners | Acquired an ownership stake in Convey. |
| 2016 | New Mountain Capital | Purchased Convey from Comvest. |
| 2022 | TPG Capital | Agreed to take Convey private in a reported $1.1 billion transaction. |
| 2025 | New Mountain Capital | Reportedly completed the purchase of Convey from Comvest again. |
What the company does
Convey Health Solutions is a healthcare technology and services company focused on Medicare, Medicaid, and other government-sponsored health plan operations. Its business centers on enrollment, billing, member communications, appeals and grievances, and supplemental benefits administration. Public company materials and industry listings describe it as a provider of technology-enabled plan administration and business-process services for health plans.
- Primary market: Medicare Advantage, Medicare Part D, Medicaid, and related health-plan services.
- Core capabilities: Enrollment processing, billing, appeals, document fulfillment, and member engagement.
- Headquarters: Fort Lauderdale, Florida.
- Founded: 2001.
Why ownership matters
Private-equity ownership often matters because it can shape strategy, capital spending, and acquisition plans. In Convey's case, ownership changes have often coincided with efforts to expand technology platforms, improve margins, or reposition the company for a sale or public listing. The company has also been described in market materials as having roughly 1,000 to 3,000 employees, depending on the source and year, which suggests a sizable operating platform for a specialized services business.
"Convey has been a strategic asset in the government-sponsored health plan market because its software and services sit in the middle of highly regulated administrative workflows."
Recent corporate context
Corporate control of Convey has reflected a broader trend in healthcare services: private-equity firms buying niche compliance-heavy businesses that serve insurers and government plans. Reported transaction values around Convey have included the widely cited $1.1 billion take-private deal and earlier buyout activity by New Mountain Capital and Comvest. The company's recurring ownership transitions indicate that investors have viewed it as a platform with durable recurring demand rather than a one-time services asset.
- Convey was founded in 2001 and built around health-plan administration.
- Comvest Partners acquired it in 2009.
- New Mountain Capital bought it in 2016.
- TPG later became its principal shareholder in a take-private transaction.
- New Mountain Capital was reported to have regained ownership in 2025.
Leadership snapshot
Operational leadership is separate from ownership, but it helps explain who runs Convey day to day. Publicly reported executives have included Daniel Finke as CEO, Tim Fairbanks as CFO, Stephanie Jones as COO, and Sharad S. Mansukani as chairman of the board. That distinction matters because private-equity owners typically oversee governance and strategy while management handles execution.
| Role | Reported name | Function |
|---|---|---|
| CEO | Daniel Finke | Leads company strategy and operations. |
| CFO | Tim Fairbanks | Oversees finance and capital planning. |
| COO | Stephanie Jones | Runs operational execution. |
| Chairman | Sharad S. Mansukani | Leads board oversight. |
FAQ
Market significance
Convey Health Solutions sits in a niche where compliance, software, and business process outsourcing overlap. That niche has attracted repeated investor interest because health plans need dependable systems for enrollment, billing, and member support. The combination of regulatory complexity and recurring service demand helps explain why ownership of Convey has been of interest to large private-equity sponsors.
What are the most common questions about Convey Health Solutions Who Owns The Company?
Who owns Convey Health Solutions?
Convey Health Solutions is currently reported as being owned by New Mountain Capital, based on the latest publicly reported transaction.
Was Convey Health Solutions owned by TPG?
Yes. TPG Capital was previously reported as Convey's principal shareholder and led a take-private transaction for the company.
Who owned Convey before TPG?
Before TPG, Convey was owned by New Mountain Capital, which had acquired the company from Comvest Partners in 2016.
Is Convey Health Solutions publicly traded?
No. The company has been reported as private following ownership changes involving private-equity firms.
What industry is Convey Health Solutions in?
Convey operates in healthcare technology and services, with a strong focus on administrative support for Medicare and Medicaid plans.