Blackstone to Fund $3 Billion HealthComp-Virgin Pulse Merger

Blackstone Inc. is helping fund the combination of New Mountain Capital’s HealthComp Holding Company LLC and Marlin Equity Partners’ Virgin Pulse, valuing the health-care merger at about $3 billion, according to a person familiar with the transaction.

The alternative asset manager is the sole lender in a credit facility supporting the transaction, said the person, who requested anonymity to discuss a private transaction. The combined company will provide more than 20 million members and over 1,000 self-insured employers with health-plan design and management, preventative care and digital therapeutics, according to a press release.

The new company will ...