PHX: PHX and Pay-Plus Solutions merge with Parthenon-backed Stratose

Edison Partners-backed Premier Healthcare Exchange, a provider of claims integrity and cost management solutions, together with its subsidiary, Pay-Plus Solutions, and Global Care Inc, have combined with Stratose Inc, a healthcare company owned by Parthenon Capital. The transaction, sponsored by Parthenon, netted Edison a return of more than 10 times its investment, a separate statement said. Edison will maintain a minority ownership in the new company and add its managing director Chris Sugden to the board. Cain Brothers advised PHX and PPS.