Prides Capital ups HealthTronics stake to 9.9%

By Angela McDaniels

Tacoma, Wash., Oct. 10 - HealthTronics, Inc. investors led by Prides Capital Partners, LLC purchased 1,841,311 shares of the company's stock for $2.20 to $4.50 each.

The shares were purchased between Aug. 28 and Oct. 8, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons beneficially own 3,608,997 shares, or 9.9%, of the company's stock.

Austin, Texas-based HealthTronics provides health care services and manufactures medical devices primarily for the urology field.

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