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Convey acquires Selectron for operational expansion

PRIVATEAug 04, 20265 days ago

Acquiring Company

Convey

Acquired Company

WORQ

Fort LauderdaleMalaysiaInformation TechnologyHealth Careinformation technology & services

Description

Convey has announced its acquisition of Selectron, enhancing its engagement operating system with additional capabilities. This strategic purchase aims to combine strengths in citizen engagement, field operations, and payment solutions. The acquisition serves a broad client base, including utilities and government organizations. It will enable Convey to better support their mission in customer engagement.

Company Information

Company

Convey

Location

Se 3Rd Avenue

Fort Lauderdale, Florida, United States

About

Convey 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's 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 creates better business results and better healthcare consumer experiences on behalf of business customers and partners. Convey'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 about Convey, please visit www.ConveyHealthSolutions.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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