TPG Capital Management LP bought Convey Health Solutions Inc. from New Mountain Capital LLC for an undisclosed sum.
Convey's management and certain other stakeholders will continue to be invested in the company, which provides technology-enabled and advisory solutions for health plans. New Mountain first invested in Convey in 2016.
Convey board member Sharad Mansukani will become chairman of the company's board.
Barclays and Goldman Sachs & Co. LLC were the financial advisers to Convey, with Ropes & Gray LLP serving as legal adviser. Davis Polk & Wardwell LLP provided legal advice to TPG.
