M&A Deal Summary

The Blackstone Group Acquires HealthEdge Software

On March 9, 2020, private equity firm The Blackstone Group acquired information technology company HealthEdge Software

Acquisition Highlights
  • This is The Blackstone Group’s 15th transaction in the Information Technology sector.
  • This is The Blackstone Group’s 164th transaction in the United States.
  • This is The Blackstone Group’s 6th transaction in Massachusetts.

M&A Deal Summary
Date 2020-03-09
Target HealthEdge Software
Sector Information Technology
Buyer(s) The Blackstone Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Morgan Stanley (Financial)
Goodwin Procter (Legal)

Target

HealthEdge Software

Burlington, Massachusetts, United States
HealthEdge Software is a provider of 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. HealthEdge Software is based in Burlington, Massachusetts.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 267 of 339
Sector (Information Technology) 15 of 23
Type (Buyout (LBO, MBO, MBI)) 68 of 76
State (Massachusetts) 6 of 9
Country (United States) 164 of 211
Year (2020) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-04 NRStor

Toronto, Ontario, Canada

NRStor is a developer of battery storage solutions, targeting scale storage deployment opportunities in North America. NRStor offers stand-alone, renewable coupled energy storage systems, as well as microgrids which are centrally managed through its state-of-the-art operational platform. NRStor was established in 2012 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 ConnectiveRx

Whippany, New Jersey, United States

ConnectiveRx is a provider of outsourced commercialization services to over 140 drug manufacturers. The Company works as a strategic partner to pharmaceutical brand teams, offering solutions that improve patient affordability, access, and adherence to traditional and specialty prescription medications. ConnectiveRx was founded in 2005 and is based in Whippany, New Jersey.

Buy -
Mergr

Product

Company

Legal