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PHX 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.


2010 - Edison Invests in PHX and helped recruit CFO during initial diligence 

2012 - Edison assisted with additional senior hires –  CMO, Leo Garneau, and SVP Sales, Bryan Russo

2013 - Vetted and assisted with launch of Pay-Plus payments business. CFO of Pay-Plus, Anthony Vigorito, came from Edison Portfolio company, Billtrust

2015 - Sugden acts as board lead for exit negotiation 

2016 - Sold to Zelis Healthcare - generating over 10X return and over 70% IRR