Funds managed by Blackstone (NYSE:BX) will acquire a majority stake in HealthEdge, a Burlington, MA-based technology business that delivers next generation Core Administrative Processing Systems (CAPS) solutions to healthcare businesses.
The amount of the deal was not disclosed.
The investment is being led by Blackstone’s growth equity team. The company will use the proceeds to accelerate the continued expansion of its business.
Led by Steve Krupa, CEO, HealthEdge provides mission-critical CAPS solutions to health payors, to administer benefits, configure plans, manage providers and enroll participants. Its enterprise solution suite, HealthRules®, is built on modern, patented technology and is delivered to customers via the HealthEdge Cloud or onsite deployment.
FinSMEs
09/03/2020