Parche continues to build stake in Kensey Nash

By Lisa Kerner

Charlotte, N.C., Sept. 4 - Kensey Nash Corp. investors led by Parche, LLC bought 281,118 shares of the company's stock on Aug. 29 and Aug. 30 priced at $24.04 and $24.05 per share, respectively.

The reporting persons own 2,485,740 shares, or 20.8%, of Kensey Nash's outstanding stock and purchased the shares for a total of $60.95 million, according to a schedule 13D filing with the Securities and Exchange Commission.

On Aug. 29, Parche reported the purchase of 1,023,988 shares of the company's stock between July 24 and Aug. 28 priced from $23.29 to $26.32 per share. At that time, the reporting persons owned 2,204,622 shares, or 18.5%, of the Exton, Pa., medical technology company.

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