Convey Health Solutions acquisition of HealthSmart International
Davis Polk is advising Convey Health Solutions Holdings, Inc. on its $77.5 million acquisition of HealthSmart International, with up to $15 million of additional cash payable if HealthSmart achieves certain 2022 revenue targets. The transaction is expected to close in the first quarter of 2022 and is subject to customary closing conditions.
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. HealthSmart is part of the Briggs Corporation, a trusted partner to the healthcare industry for over 65 years. HealthSmart designs, creates and distributes products that help people live healthier, more independent lives.
The Davis Polk corporate team includes partner Darren M. Schweiger and associates Joshua B. Pittell and Sarah H. Moller. The finance team includes partner Sartaj Gill and associate Michael Fan. Partner David H. Schnabel is providing tax advice. The executive compensation team includes partner Adam Kaminsky and associate Kathleen Ginder. The intellectual property and technology transactions team includes partner Pritesh P. Shah and associate Brette L. Trost. Members of the Davis Polk team are based in the New York and Washington DC offices.