#bumble | #tinder | #pof Blackstone to Buy Majority Stake in Software Company HealthEdge

Blackstone Group Inc. is buying a majority stake in a health-care software company—the latest example of its strategy to invest in fast-growing firms.

The private-equity giant is buying a stake in HealthEdge, which makes administrative software for health insurers, Blackstone plans to announce later Monday. The companies don’t plan to disclose the financial terms of the deal, but a person familiar with the matter said it values HealthEdge at around $700 million, including debt.

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