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 purpose-built 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. Convey's healthcare-focused teams help millions of Americans navigate the complex Medicare Advantage and Part D landscape.
Company profile
Ticker
CNVY
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Cannes Holding Parent, Inc., Convey Holding Parent, Inc.
SEC CIK
Corporate docs
Subsidiaries
Cannes Parent, Inc. • Cannes I, LLC • Cannes II, LLC • CHTS, LLC • Convey Health Parent, Inc. • Convey Health Solutions, Inc. • Convey Health Solutions Holdings, LLC • Convey Health Solutions Philippines, Inc. • HealthScape Advisors, LLC • Pareto Intelligence, LLC ...
IRS number
842099378
CNVY stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
17 Oct 22
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Oct 22
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Oct 22
SC 13E3/A
Going private transaction (amended)
7 Oct 22
25-NSE
Exchange delisting
7 Oct 22
8-K
Convey Announces Closing of Acquisition by TPG
7 Oct 22
SC 13E3/A
Going private transaction (amended)
1 Sep 22
DEFM14C
Information related to merger
1 Sep 22
PRER14C
Preliminary revised information
25 Aug 22
SC 13E3/A
Going private transaction (amended)
25 Aug 22
Latest ownership filings
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 19.71 mm | 19.71 mm | 19.71 mm | 19.71 mm | 19.71 mm | |
| Cash burn (monthly) | 384.00 k | 444.83 k | 4.19 mm | (no burn) | 552.75 k | |
| Cash used (since last report) | 4.26 mm | 4.94 mm | 46.54 mm | n/a | 6.14 mm | |
| Cash remaining | 15.45 mm | 14.77 mm | -26.82 mm | n/a | 13.58 mm | |
| Runway (months of cash) | 40.2 | 33.2 | -6.4 | n/a | 24.6 | |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 44 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 0.00 |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 Oct 22 | Kyle Stern | Sale back to company | Dispose D | No | No | 10.5 | 154,191 | 1.62 mm | 4,636 | |
| 7 Oct 22 | Kyle Stern | RSU Common Stock, par value $0.01 per share | Sale back to company | Dispose D | No | No | 0 | 162,749 | 0.00 | 0 |
| 7 Oct 22 | Kyle Stern | RSU Common Stock, par value $0.01 per share | Sale back to company | Dispose D | No | No | 0 | 30,692 | 0.00 | 0 |
| 7 Oct 22 | Kyle Stern | Common Stock, par value $0.01 per share | Sale back to company | Dispose D | No | No | 14 | 111,607 | 1.56 mm | 0 |
| 7 Oct 22 | Kyle Stern | Common Stock, par value $0.01 per share | Sale back to company | Dispose D | No | No | 6.76 | 299,394 | 2.02 mm | 0 |
| 7 Oct 22 | Kyle Stern | Common Stock, par value $0.01 per share | Sale back to company | Dispose D | No | No | 7.94 | 161,214 | 1.28 mm | 0 |
| 7 Oct 22 | Farrell Stephen C | Sale back to company | Dispose D | No | No | 10.5 | 163,373 | 1.72 mm | 4,734 | |
| 7 Oct 22 | Farrell Stephen C | RSU Common Stock, par value $0.01 per share | Sale back to company | Dispose D | No | No | 0 | 355,561 | 0.00 | 0 |
| 7 Oct 22 | Farrell Stephen C | Common Stock, par value $0.01 per share | Sale back to company | Dispose D | No | No | 6.76 | 975,806 | 6.60 mm | 0 |
| 7 Oct 22 | Farrell Stephen C | Common Stock, par value $0.01 per share | Sale back to company | Dispose D | No | No | 7.94 | 525,434 | 4.17 mm | 0 |