SAC Capital reports 7.7% stake in VistaCare

By Lisa Kerner

Charlotte, N.C., Jan. 24 - VistaCare, Inc. investors led by SAC Capital Advisors, LLC purchased 582,974 shares of the company's stock between Nov. 26 and Jan. 23.

The shares were priced from $6.52 to $8.41, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors spent $10.64 million of their investment capital to purchase a total of 1,305,802 shares, or 7.7%, of VistaCare's common stock.

It was previously reported that Odyssey HealthCare, Inc. agreed to acquire VistaCare for $8.60 per share, or approximately $147.1 million. The transaction is expected to close in the first quarter.

Both VistaCare and Odyssey are hospice care providers. VistaCare is located in Scottsdale, Ariz., and Odyssey is based in Dallas.

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