Bain Capital is close to inking a $2.6 billion deal to acquire healthcare software provider HealthEdge from private equity giant Blackstone, Private Equity Insights reported April 8.
Here are three things to know:
1. Blackstone originally acquired HealthEdge in 2020 for $700 million during a surge in healthcare investment driven by the pandemic. Since then, the firm has helped scale HealthEdge with strategic add-ons, including Wellframe and Altruista Health, according to the report. Minority shareholders such as Coatue Management are also expected to divest their stakes as part of the deal.
2. The transaction, which includes assumed debt, is anticipated to be officially announced within days. It adds to a wave of robust private equity exits in the health IT sector — a vertical that has remained strong despite macroeconomic uncertainty, according to the report.
3. Bain Capital has also submitted a $3.2 billion offer for Surgery Partners, a major player in the ASC space. According to VMG Health, the offer reflects Surgery Partners’ solid cash flow, growth outlook and the rising momentum behind outpatient care — all key elements in Bain’s long-term strategic vision.
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