Blackstone Said to Near $1.7 Billion Deal for Summit’s VaxCare

Blackstone Inc. is in advanced talks to acquire vaccine management company VaxCare Corp. for about $1.7 billion including debt, according to people familiar with the matter.

A deal for Summit Partners-backed VaxCare could be announced within weeks, said the people, who asked not to be identified because because the information is private. A final agreement hasn’t been reached and talks could still end without one, the people said.

Orlando-based VaxCare offers a platform for medical practices and health systems to manage inventory, billing and tracking for vaccines and contraceptive devices, according to its website.

Private equity firm Summit invested ...