Edison Ventures Invests in PHX

NJ-based Healthcare Solutions Provider

Lawrenceville, NJ (Vocus) September 23, 2010 -- Edison Ventures announced $4 million investment in Premier Healthcare Exchange, Inc. (PHX) based in Bedminster, NJ. Edison is the sole institutional investor in this late stage healthcare cost management company. Proceeds will expand sales, marketing and shareholder liquidity.

The Company delivers advanced cost management solutions to health plans. PHX combines people, process, technology, and business intelligence to deliver significant savings to their customers. PHX has been dedicated to providing superior customer service and developing long-term relationships with customers. Customers include Government Employee Health Association, Inc. and HCC Life Insurance Company.

Chris Sugden, Managing Partner, and Lenard Marcus, Principal, led Edison’s investment process. Tom Vander Schaaff, VP Analysis, conducted Edison’s due diligence. Chris Sugden and Edison Director Network member, Nanci Ziegler, joined PHX’s Board of Directors. Nanci Ziegler is EVP Market Strategy & Business Development for Edison portfolio company, Portico. Lenard Marcus will serve as BOD Observer.

The Founder of PHX, Todd Roberti, stated: “Edison’s track record of strategic guidance and value-added services will accelerate PHX’s growth over the next three years. We are happy to have Edison onboard as their healthcare and technology expertise will help us take a leadership role in healthcare cost management industry. As a very successful expansion stage investment firm, they bring a wealth of experience and contacts to the company.”

“This solid management team brings deep domain expertise to drive sales,” stated Chris Sugden. “Customers praised PHX’s realized return on investment and exceptional customer service,” added Tom Vander Schaaff.

Edison invested in 29 healthcare IT businesses. Active portfolio companies include Cadient, CambridgeSoft, ClearPoint, DianosisONE, Health Market Science, iContracts, Motionsoft, Portico and Verilogue. High return exits include Dendrite, InnaPhase, Marcam, POMS and Taratec.

Edison made 43 investments in New Jersey including Archive, Billtrust, CheckPoint HR, ClearPoint, Exclaim, Gain Capital, IPP, RedVision, SANpulse, Scivantage and Sentrx. Successful exits include Danyl, DPM, Incurrent, MDY, QSS and Princeton Financial.

About Edison Ventures
Established in 1986, Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to late stage ($5 to 20 million revenue), information technology businesses. Initial investments range from $5 to 10 million. Edison typically serves as the sole or lead investor. In addition to providing expansion capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases.

Edison’s investment professionals are based in Lawrenceville, NJ, New York, NY, Needham, MA and McLean, VA. Industry specialties include application software, communications, financial technology, interactive marketing, and healthcare IT. Edison’s successes include ACT!, Axent, Best Software, E-Transport, MathSoft, Virtual Edge, Visual Networks, Vocus and many other information technology leaders, which have a combined market value exceeding $5 billion. Edison Venture currently manages over $650 million and actively making new investments. www.edisonventures.com

About PHX
PHX delivers advanced cost management solutions to health plans. The company combines claim processing automation with professional services to deliver a centralized approach to cost management, increasing savings in both the near and long term while dramatically reducing errors and turnaround time. PHX services include data analytics, PPO network management, claims editing, clinical bill review and audit and out-of-network negotiations. The firm's solutions are used by the industry's leading insurance companies, Taft-Hartley Funds, Health Maintenance Organizations (HMOs), and Third Party Administrators (TPAs). Visit www.phx-online.com for more information.

Contact:
Tricia Bradley
609-873-9224 (direct)
609-896-0066 (fax)
tricia(at)edisonventure(dot)com

Edison Ventures
1009 Lenox Drive #4
Lawrenceville, NJ 08648

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