BillingTree Gets Investment From Parthenon Capital Partners

Phoenix-based healthcare payment solution provider BillingTree announced a "majority recapitalization" by private equity investor Parthenon Capital Partners, the two said this morning. Financial details of the acquisition and recap were not announced. BillingTree serves the healthcare, ARM, and financil aservices industry, and was founded in 2003. The company is led by Edgar "Edz" Sturans.