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SAC Capital sells shares of VistaCare
By Lisa Kerner
Charlotte, N.C., Feb. 1 - Investors led by SAC Capital Advisors, LLC decreased their ownership interest in VistaCare, Inc. to 5.9% from 7.7% with the sale of 310,000 shares of the company's stock.
The shares were sold between Jan. 23 and Jan. 31 priced from $8.39 to $8.48, according to a schedule 13D filing with the Securities and Exchange Commission.
The investors beneficially own 998,493 shares of the Dallas-based hospice care provider's outstanding stock.
SAC Capital had purchased 582,974 shares of the company's stock between Nov. 26 and Jan. 23 priced from $6.52 to $8.41, according to a prior SEC filing.
Odyssey HealthCare, Inc., also a Dallas hospice care provider, agreed to acquire VistaCare for $8.60 per share, or approximately $147.1 million. The transaction is expected to close in the first quarter.
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