NHC director’s firm still slimming down stake

By Geert De Lombaerde Posted on September 30, 2009 at 7:04 am

The 1818 Fund II run by investment house Brown Brothers Harriman continues to be a seller of National HealthCare Corp. shares – even though one of its principals sits on NHC’s board. The fund, which last week said it had sold about 170,000 NHC shares since the spring, on Monday dumped another $240,000 worth of its stake. NHC (Ticker: NHC) has fallen some 27 percent this year versus an 18 percent gain for the S&P 500.

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Tags: Brown Brothers Harriman & Co., investment management, Lawrence C. Tucker, National HealthCare Corp., senior housing and assisted living, stock valuation, The 1818 Fund II LP  

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