Blackstone-backed HealthEdge sale process progresses

The latest: Prospective buyers are mulling a combination of HealthEdge — being advised by Evercore and UBS — and UST-owned health insurance tech provider HealthProof, sources say. • HealthProof, which acquired government health program-focused technology company Advantasure in 2022, is pursuing its own process and generates $100 million of EBITDA, one source says. • HealthEdge and HealthProof have been partners for several years. Catch up quick: Burlington, Massachusetts-based HealthEdge is being marketed on about $100 million in EBITDA and more than $400 million in revenue. • HealthEdge did fireside chats...