UST has finalized a major transaction with Bain Capital involving its healthcare subsidiary, UST HealthProof, a key provider of solutions for core administration and clinical operations. As part of this agreement, UST HealthProof will merge with HealthEdge, forming a next-generation healthcare platform designed to better serve health insurers.
This move reflects a significant milestone in UST’s broader transformation strategy. By separating UST HealthProof, the company sharpens its focus on high-growth areas including enterprise AI, cloud transformation, data modernization, and platform engineering. These focus areas are crucial to reshaping digital capabilities for clients across healthcare, financial services, retail, and other industries.
UST remains a major player in healthcare technology, supported by a global team of over 5,000 professionals and more than two decades of experience. The company works with all of the top five U.S. health insurers, over 50 major healthcare systems, and numerous global pharmaceutical and life sciences organizations. A strong client retention rate—above 98% over the past five years—underscores its reputation as a reliable technology partner.
UST HealthProof, under new leadership and investment from Bain Capital and HealthEdge, is well-positioned for accelerated growth. The new structure will enable expanded partnerships and faster innovation to support the evolving needs of clients. UST played a foundational role in the rise of UST HealthProof and will continue collaborating with the team to ensure smooth transitions and support for shared customers. This move is fully aligned with UST’s global growth strategy, helping the company stay agile, accelerate innovation, and continue delivering long-term value.
“This marks a pivotal point in our journey. With this transaction, we sharpen our focus on cutting-edge technologies while enabling UST HealthProof to pursue new opportunities with strong backing. It’s a win across the board—for our clients, teams, and the broader industry,” said Krishna Sudheendra, CEO of UST.
Founded in 1999, UST partners with leading global companies to deliver technology-driven transformation. With a focus on AI, cloud, data, and digital platforms, UST helps businesses solve core challenges and create sustainable value. With 30,000+ employees across 30+ countries, UST brings innovation, expertise, and agility to industries worldwide—creating positive impact at scale.
