TPG Capital is buying back Convey Health for $1.1 billion, only a year after taking the health care payor services and tech company public.
Why it matters: This is the second boomerang take-private deal in recent weeks, after TPG and Clayton Dubilier & Rice agreed to re-acquire Coventrus (CD&R being the incumbent investor). It's also further indication that TPG is leaning into payor tech, having in April agreed to buy ClaimsXten from Optum for $2.2 billion.
