Blackstone To Acquire HealthEdge

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 . . .