Published on 24 Jun 2022 on Reuters via Yahoo Finance
By Chibuike Oguh
NEW YORK (Reuters) - Private equity firm TPG Inc agreed to acquire all the outstanding shares of Convey Health Solutions Holdings it does not already own, in an all-cash transaction announced on Tuesday.
TPG, which currently owns about 75% of Convey Health, will pay $10.50 per share in cash for the Fort Lauderdale, Florida-based company, giving it an enterprise value of about $1.1 billion, a statement said.