HealthEdge, a healthcare technology company based in Burlington, Massachusetts, has entered into a definitive agreement to be acquired by Bain Capital’s Private Equity division. While the financial terms were not disclosed, the acquisition marks a new chapter for HealthEdge following a five-year partnership with Blackstone. Founded in 2005, HealthEdge offers a SaaS-based platform supporting over 115 health plans and more than 110 million member lives across the U.S. The company provides solutions across claims processing, care management, payment accuracy, provider network management, and member engagement. The deal is expected to close in the second quarter of 2025, subject to customary regulatory approvals.
Steve Krupa, CEO of HealthEdge, expressed optimism, highlighting, “We believe we are well-positioned to achieve our vision of being the long-term partner of choice for health plans as we continue to create deeper integrations between our solutions, which support health plans through claims processing, care management, and member engagement.” Bain Capital Partners noted HealthEdge’s ability to streamline operations and enhance care delivery through its cloud-based platform. Blackstone Executives reflected on their contributions to the company’s strategic growth, emphasizing investments in new products and technology integrations. Bain Capital views HealthEdge as a vital component in addressing challenges in the healthcare technology space and plans to support the company’s next phase of growth.
