Blackstone Acquires Majority Stake in HealthEdge Software

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.

Blackstone to Acquire Majority Stake in Priority Software

May 16, 2024

Cloud & SaaS

Blackstone Growth and affiliated funds have entered into a definitive agreement to acquire a majority stake in Priority Software, a provider of mission-critical, cloud-based ERP and business application software. Existing investors TA Associates and Fortissimo Capital will roll their stakes as Blackstone supports Priority’s continued growth across industries and markets.

General Atlantic Credit, Blackstone and Morgan Stanley Invest $425M in Buyers Edge Platform

April 8, 2024

Food & Beverage

Buyers Edge Platform secured a $425 million preferred equity investment led by General Atlantic Credit’s Atlantic Park fund, alongside Blackstone Tactical Opportunities and Morgan Stanley Tactical Value. The financing will fund platform innovation, strategic M&A and European expansion; institutional investor Bregal Sagemount will exit its minority stake while founder John Davie increases his majority ownership.

Revelstoke Capital Partners Invests Growth Capital in HealthAxis Group

January 18, 2022

Healthcare Services

Revelstoke Capital Partners made a growth equity investment in HealthAxis Group to support product innovation, team expansion, and complementary acquisitions. HealthAxis provides next-generation Core Administrative Processing Solutions (HxOne) and analytics to healthcare payors, enabling claims processing, benefits administration, and payment integrity capabilities.

HealthEdge Acquires Wellframe

December 7, 2021

Cloud & SaaS

HealthEdge Software has completed the acquisition of Wellframe, a digital health management and member engagement platform. The deal adds Wellframe's consumer-facing mobile app and digital care management capabilities to HealthEdge's SaaS suite; new investors including Coatue, HLM Venture Partners, and BlueCross BlueShield Venture Fund joined as part of the transaction.

Blackstone GP Stakes Acquires Minority Stake in Great Hill Partners

November 12, 2021

Financial Services

Funds managed by Blackstone GP Stakes have acquired a minority ownership interest in Boston-based private equity firm Great Hill Partners. The minority investment is intended to support Great Hill’s continued growth and investment strategy; Evercore served as financial advisor to Great Hill while Kirkland & Ellis and Fried Frank served as legal counsel to Great Hill and Blackstone, respectively.