The hedge fund’s shares of LifePoint are valued at $11.59 million. LifePoint makes up about 6.3 percent of Simcoe’s portfolio, according to The Market Digest.
Other hedge funds, including Profund Advisors, also upped their stakes in LifePoint in the most recent quarter.
More articles on healthcare finance:
UMC approves debt repayment plan for bankrupt children’s hospital
UPMC gets financial boost from insurance division
AHA: Proposal to reduce Medicare appeals backlog won’t solve problem