The Technology and Private Equity teams advised HealthEdge® on its agreement to sell a majority stake of the company to funds managed by Blackstone (NYSE:BX). The investment is being led by Blackstone’s growth equity team. Terms of the transaction were not disclosed.
HealthEdge® provides modern, disruptive healthcare IT solutions that health insurers use to leverage new business models, improve outcomes, drastically reduce administrative costs and connect everyone in the healthcare delivery cycle. The company’s next-generation enterprise solution suite, HealthRules®, is built on modern, patented technology and is delivered to customers via the HealthEdge Cloud or onsite deployment.
For additional details on the transaction, please read the press release.