MERGERS & ACQUISITIONS

Gorman Health Group Has Been Acquired by Convey Health Solutions

August 2017
Company Description
Gorman Health Group (“GHG”) is the leader in strategic consulting and specialized business software solutions for government-sponsored programs. The Company has a 20-year history as a thought leader and expert advisor to government-sponsored health plans, with a particular focus on Medicare Advantage. The Company’s experts consist of managed care veterans who have served at every decision making level of leading plans, PBMs, and state and federal agencies. The Company also offers a set of specialized and innovative technology solutions that solve problems not typically addressed by enterprise systems. Collectively, the firm and its staff provide services and technology solutions that can enable operational excellence in every functional area of their clients.

Objectives
TripleTree was engaged by GHG as the Company’s exclusive financial advisor based on its proven expertise in payer-focused services, HCIT, and managed care. TripleTree worked with GHG to identify potential partners that would complement the unique insights and expertise that GHG provides, and allow them to capitalize on innovation stemming from their deep and unique client relationships.

Results
GHG ultimately chose to partner with Convey Health Solutions, as well as Convey’s financial sponsor, New Mountain Capital. GHG’s deep consulting and market expertise complement Convey’s existing portfolio of compliant, cost-reducing 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. Together, Convey and GHG combine to offer one of the most extensive Medicare Part D and Medicare Advantage solutions and services providers in the healthcare industry.

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