HealthEdge, a healthcare technology firm located in Burlington, Massachusetts, has announced a definitive agreement to be acquired by Bain Capital’s Private Equity division. Although the financial details of the deal remain undisclosed, this acquisition signifies a new direction for HealthEdge after a five-year collaboration with Blackstone.

Founded in 2005, HealthEdge provides a SaaS-based platform that serves over 115 health plans and manages more than 110 million member lives across the United States. The company specializes in various solutions, including claims processing, care management, payment accuracy, provider network management, and member engagement. The acquisition is anticipated to finalize in the second quarter of 2025, pending standard regulatory approvals.

Steve Krupa, CEO of HealthEdge, expressed confidence in the company’s future, stating that they are well-positioned to become the preferred long-term partner for health plans. He emphasized the importance of creating deeper integrations within their solutions to enhance support for claims processing, care management, and member engagement.

Bain Capital Partners recognized HealthEdge’s capability to streamline operations and improve care delivery through its cloud-based platform. Meanwhile, executives from Blackstone reflected on their role in HealthEdge’s strategic growth, highlighting investments in new products and technology integrations during their partnership.