Convey Health Solutions, which is backed by New Mountain Capital, has acquired Washington, D.C.-based Gorman Health Group, a consulting and software solutions firm specializing in government health programs. No financial terms were disclosed.
Fort Lauderdale, FL, and Washington, DC, (October 16, 2017) – Convey Health Solutions (“Convey”), a leading provider of technology and services for the Medicare Advantage and Part D markets, today announced the acquisition of Gorman Health Group (“GHG”). Gorman Health Group provides market-leading technology and consulting services to help more than 150 government-sponsored health programs stay compliant, optimize revenues, and manage complex processes.
GHG’s deep consulting and market expertise complement Convey’s existing portfolio of compliant, costreducing member enrollment, service, administration, quality and wellness support solutions. GHG’s extensive market presence and real-time insight combined with Convey’s technology expertise will accelerate the development and deployment of technology and services to the market. The acquisition is a critical part of Convey’s growth strategy to expand its solutions and services through a combination of acquisitions and internal development of additional offerings for clients.
“The rapidly growing government-sponsored health program market is becoming increasingly complex as the rate of change accelerates; having compliant and cost effective solutions is now more essential than ever for health programs. The combined Convey/Gorman team is perfectly positioned to deploy high quality technology and service solutions. We are excited to work together to create innovative solutions that help our clients to manage their businesses”, commented Stephen Farrell, CEO of Convey Health Solutions.
John Gorman, Executive Chairman and Founder of GHG said, “We recognized that to unlock the full potential of the government-sponsored healthcare market we needed best-in-class services and technology. Together with Convey Health we have the ability to deliver both. We are energized by the incredible opportunity we can now provide to our clients and to the healthcare market.”
About Convey Health Solutions | Convey Health Solutions is a specialized healthcare technology and services company that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement, and analytics. The company’s administrative solutions for governmentsponsored health plans help to optimize member interactions, ensure compliance, and support end-to-end Medicare processes. By combining its best-in-class, built-for-purpose technology platforms with dedicated and flexible business process solutions, Convey Health Solutions creates better business results and better healthcare consumer experiences on behalf of business customers and partners. The company’s clients include some of the nation’s leading health insurance plans and pharmacy benefit management firms. Their healthcare-focused teams help several million Americans each year to navigate the complex Medicare Advantage and Part D landscape. To learn more please visit www.ConveyHealthSolutions.com.
About Gorman Health Group | Gorman Health Group (GHG) is a leading consulting and software solutions firm specializing in government health programs, including Medicare, Medicaid, and Health Insurance Marketplace opportunities. Since 1996, GHG’s unparalleled teams of subject matter experts, former health plan executives, and seasoned healthcare regulators have been providing strategic, operational, financial, and clinical services to the industry across a full spectrum of business needs. Further, the GHG software solutions have continued to place efficient and compliant operations within their client’s reach. To learn more please visit www.GormanHealthGroup.com.