Crescendo Partners, the investment group that recently agreed to take three seats on the board of O'Charley's, detailed its standstill agreement with the company (Ticker: CHUX) yesterday, including the cost of its almost 12 percent stake. Including brokerage commissions, the group paid $14.95 per share, 22 percent above yesterday's close – equating to a paper loss of about $8.7 million.
Royce Harrell, a senior VP at AmSurg Corp., yesterday exercised 30,000 options and sold the resulting shares, netting about $280,000. Harrell still own about 4,600 shares of the surgery center operator (Ticker: AMSG).
Ardent Health Services has named Steve Landgarten its chief medical officer and chief quality officer. Landgarten now works at Ardent's Hillcrest unit in Oklahoma.
Advocat has reached an agreement to replace its skilled nursing facility in Paris, Texas. The company (Ticker: AVCA) has amended its lease with Omega Healthcare Investors and expects to open the $6.8 million center next May.
As part of its latest round of cutbacks, Delta Air Lines has eliminated its Nashville-Salt Lake City service.
Ardent Health Services LLC |
Steve Landgarten |
Delta Air Lines |
Omega Healthcare Investors Inc. |
Advocat Inc. |
O'Charley's Inc. |
Crescendo Partners II LP |
AmSurg Corp. |
Royce D. Harrell |
Market-movers
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