Blackstone announced that funds managed by the organization will acquire a majority stake in HealthEdge, a technology business that delivers next generation Core Administrative Processing Systems (CAPS) solutions to health care businesses. The investment is being led by Blackstone’s growth equity team, which is focused on providing capital to fast-growing companies and helping them leverage Blackstone’s deep operating resources and scale to become market leaders.
HealthEdge provides CAPS solutions to health payors, which help them better administer benefits, configure plans, manage provider organizations, and enroll participants. Their products offer greater flexibility, a modern, simple user interface, and a cloud-compliant solution, which is well suited for the increasingly complex and data-rich health care environment.
Morgan Stanley & Co. LLC served as financial advisor and Goodwin Procter LLP was legal advisor for HealthEdge. TripleTree served as financial advisor and Debevoise & Plimpton LLP was legal advisor for Blackstone. Terms of the transaction were not disclosed.
Blackstone is a global investment business investing capital on behalf of pension funds, large institutions, and individuals. The organization invests across the alternative asset classes in private equity, real estate, credit and hedge funds as well as in infrastructure, life sciences, insurance, and growth equity.
Founded in 2004, HealthEdge is a software company focused on providing core administration and care coordination for health plans. HealthEdge’s product suite includes next-generation claims and benefit administration, care management, business intelligence, and portal solutions.
This was reported by BusinessWire on March 9, 2020.
Contact information: Matt Anderson, Managing Director, Public Affairs & Marketing Blackstone, 345 Park Ave, New York, New York 10154; 212-390-2472; Email: firstname.lastname@example.org; Website:
Contact information: Harry Merkin, Vice President of Marketing, HealthEdge, 30 Corporate Drive, Burlington, Massachusetts 01803; 978-983-4858; Email: email@example.com; Website: