Bain Capital Private Equity Takes Majority Stake in InnovaCare Health

Bain Capital to Acquire HealthEdge from Blackstone Funds

April 8, 2025

Cloud & SaaS

Bain Capital's Private Equity team has agreed to acquire HealthEdge, a Burlington, Massachusetts–based healthcare SaaS platform, from funds managed by Blackstone. Financial terms were not disclosed; the transaction is expected to close in Q2 2025 and positions Bain to accelerate HealthEdge's product growth and GenAI enablement for health plans.

Bain Capital Private Equity to Acquire Estia Health

August 6, 2023

Healthcare Services

Bain Capital Private Equity has agreed to acquire Australian residential aged care provider Estia Health Limited in a proposed takeover at A$3.20 per share under a Scheme Implementation Agreement. The Estia Health board has unanimously recommended the scheme and Bain said it plans a long-term presence in the Australian aged care sector to support management and maintain high standards of care.

Bain Capital Tech Opportunities Takes Minority Stake in iManage

April 11, 2023

Cloud & SaaS

Bain Capital Tech Opportunities, the tech-focused investment arm of Bain Capital, has made a minority growth investment in iManage to accelerate the enterprise software company’s cloud and AI product development and global growth. iManage will continue to be led by CEO and co-founder Neil Araujo and will use the capital to deepen its product capabilities and expand in its core legal, accounting, and financial services markets.

Nordic Capital-Led Consortium Takes Inovalon Private

November 24, 2021

Healthcare Services

Inovalon, a cloud-based healthcare data platform provider, was acquired in an all-cash transaction by an equity consortium led by Nordic Capital and joined by Insight Partners, 22C Capital, and Inovalon founder and CEO Keith Dunleavy, M.D., along with certain Class B stockholders. The deal values Inovalon at an enterprise value of about $7.3 billion and provides Inovalon stockholders $41.00 per share in cash to take the company private.

Carlyle and NextStage Invest $70M in Inpart (formerly Inova)

July 1, 2021

Cloud & SaaS

Carlyle and NextStage AM have provided a $70 million growth investment in Inpart (formerly Inova). Carlyle will become the company’s largest shareholder while management and historic investor NextStage AM remain committed; proceeds will fund growth, product innovation and M&A initiatives.

Bain Capital Private Equity Acquires Majority Stake in Brillio

January 15, 2019

IT Services

Bain Capital Private Equity has signed a definitive agreement to acquire a majority stake in Brillio, a Santa Clara-based digital technology consulting and solutions firm. The investment will support Brillio’s plans to scale its digital transformation offerings, pursue complementary acquisitions, and accelerate growth while retaining the existing management team led by CEO Raj Mamodia.