Blackstone Completes Acquisition of a Leading Healthcare Technology Solutions Provider, HealthEdge Software

HealthEdge offers mission-critical CAPS solutions to healthcare payors.

Blackstone Completes Acquisition of a Leading Healthcare Technology Solutions Provider, HealthEdge Software

Blackstone announced today that Blackstone-managed funds had completed their previously announced acquisition of a majority stake in HealthEdge Software (‘HealthEdge’), a leading healthcare technology company that delivers next-generation Core Administrative Processing Systems (CAPS) solutions to clients across the healthcare ecosystem.

HealthEdge offers mission-critical CAPS solutions to healthcare payers, enabling them to manage benefits seamlessly and efficiently, configure plans, manage providers, and enroll participants.

According to the CEO of HealthEdge, Steve Krupa, Blackstone’s operational expertise, resources, and long-term investment focus have made them the perfect partner to help us continue to expand business successfully in the years ahead. HealthEdge looks forward to working with Blackstone to continue better to serve customers in this next chapter of HealthEdge.

According to Ram Jagannath, Global Head of Healthcare for Blackstone Growth, the company is excited to work with HealthEdge’s world-class management team as the company continues to deliver innovative, industry-leading software to its customers. HealthEdge provides a unique and dynamic cloud-based solution, and will look forward to support the development of its value-added offerings over time.

Morgan Stanley and Co. LLC served as financial advisor and Goodwin Procter LLP as legal advisor to HealthEdge. TripleTree operated as a financial advisor and Debevoise & Plimpton LLP as legal advisor to Blackstone. The terms of the transaction have not been disclosed.

Blackstone is one of the prominent investment firms in the world. It seeks to create a positive economic impact and long-term value for Blackstone investors, the companies in which Blackstone invests, and the communities in which it operates.

Blackstone is doing this by using exceptional people and flexible capital to help companies solve problems. Blackstone $571 billion assets under management include private equity investment vehicles, real estate, public debt, and equity, growth equity, opportunistic, non-investment grade credit, tangible assets, and secondary funds, all of which are global.

HealthEdge ® provides state-of-the-art, disruptive healthcare IT solutions that health insurers use to leverage new business models, improve results, drastically reduce administrative costs, and link everyone in the healthcare delivery period. HealthEdge next-generation enterprise solution suite, HealthRules ®, is built on state-of-the-art, patented technology and delivered to customers via the HealthEdge Cloud or on-site deployment.