Blackstone reportedly weighing sale of 50% stake in HealthEdge

Blackstone could sell its 50 percent stake in software firm HealthEdge, raising the value of the company to $3 billion, Bloomberg reported Oct. 28.

Burlington, Mass.-based HealthEdge sells software to payers that modernizes plan designs, enrollment processes and payment integrity. According to the report, the company is projecting $400 million in revenue and $60 million in profit next year, and it's now looking for additional outside investment to increase growth.

Bloomberg said any potential deal is still in early stages and Blackstone declined to comment.

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