Hedge Fund: FL Implant Company Needs More Control
Krensavage Asset Management, a New York hedge fund company, is trying to exert greater control over a North Central Florida company that makes surgical implants, the Gainesville Sun reports.
Krensavage nominated four people with extensive management experience in health products and services to RTI’s nine-member board of directors after accusing the company of devaluing its stock, according to the Sun.
RTI has about 1,170 employees, including more than 500 in Alachua. Krensavage manages two funds with a combined 3.4 million shares of RTI stock for a 6 percent stake, reports the Sun.