Blackstone is acquiring publicly traded Emdeon for roughly $3 billion, The New York Post reports. Blackstone is expected put down $1 billion in the deal, representing about 6% of its new $17 billion fund.

The transaction will be the biggest U.S. leveraged buyout for Blackstone since 2009. Medical-billing provider Emdeon has long-term debt of about $935 million.

Click here for the story from The New York Post.