Convey Health Solutions Holdings, Inc. , a leading healthcare technology and services company, announced that it completed the previously announced acquisition of HealthSmart International .
The acquisition enhances Convey’s ability to provide best-in-class services to the nation’s top health plans, pairing HealthSmart’s diverse portfolio of health, wellness and diagnostic products centered on home-based care with Convey’s innovative supplemental benefits offering to enable a better health experience for their members. Convey intends to leverage HealthSmart’s supply chain and logistics expertise to distribute high-quality products to members faster and more efficiently.
Stephen Farrell, CEO for Convey, shared, “We are thrilled to welcome the HealthSmart team to the Convey family. Our previously announced longitudinal study shows that members with chronic conditions experience better health outcomes when they have access to high quality products. This platform increases access for members and expands our supplemental benefit product offering, thereby allowing Medicare members to live more healthy and independent lives at home.”
The transaction was financed exclusively with debt due to Convey’s strong balance sheet and will be immediately accretive to the company’s shareholders.
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. Convey Health Solutions’ administrative solutions for government-sponsored 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. Convey Health Solutions’ 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.