Blackstone Completes Acquisition of HealthEdge Software, a Leading Healthcare Technology Solutions Provider
Blackstone Inc. (BX)
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today that funds managed by Blackstone ("Blackstone") have 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 customers across the healthcare ecosystem.HealthEdge provides mission-critical CAPS solutions to healthcare payors, enabling them to seamlessly and efficiently administer benefits, configure plans, manage providers and enroll participants. Their products offer a modern, simple user interface, greater flexibility, and a cloud-compliant solution well suited to the increasingly complex and data-rich healthcare environment.Steve Krupa, CEO of HealthEdge, said: "Blackstone’s operational expertise, resources, and long-term investment focus made them an ideal partner to help us continue to successfully expand our business in the years ahead
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