The Blackstone Group completed the acquisition of a majority stake in HealthEdge.

The Blackstone Group completed the acquisition of a majority stake in HealthEdge, a provider of healthcare IT solutions, valuing the company at $680m. "We are thrilled to work with Blackstone as we enter the next chapter of our company’s growth. Blackstone’s expertise in healthcare and extensive operational resources made them our partner of choice to help fuel our continued expansion and better serve our customers in the years ahead. We are deeply grateful to our employees, for all of their hard work and dedication; our customers for their loyalty and ongoing partnership; and our Chairman, Al Waxman, and his venture fund Psilos Group, for supporting our company from the very start. These stakeholders put us in the position for this transformative growth opportunity," Steve Krupa, HealthEdge CEO.