Stratose Recapitalized by Parthenon

Private equity firm Parthenon Capital Partners announced the recapitalization of Stratose Inc., a cost-containment solutions provider dealing with medical and workers’ compensation payers.  Recapitalization typically involves restructuring a company's debts in order to make its capital more stable.  Stratose will be owned by affiliates of Parthenon with its current executive team continuing to act as leaders within the company after closing, along with its two cofounders, Scott and Sean Smith, remaining on the board.  “Stratose is re-defining success in c...