Form 4: Havencrest Healthcare Partners Distributes Oncology Institute Shares to Limited Partners
SEC Form 4 Filing
Havencrest Healthcare Partners, L.P. distributed shares of Oncology Institute, Inc. common stock to its members and limited partners in a pro-rata in-kind distribution.
Summary
- On August 16, 2024, TOI HC I, LLC distributed 8,701,823 shares of Oncology Institute, Inc. (TOI) common stock to its members.
- Following this distribution, Havencrest Healthcare Partners GP, LLC held 7,631,418 shares, and TOI HC I, LLC held 100,000 shares.
- Subsequently, Havencrest Healthcare Partners, L.P. distributed 7,631,418 shares to its limited partners.
- After the second distribution, Havencrest Healthcare Partners GP, LLC held 152,626 shares, and TOI HC I, LLC held 100,000 shares.
- The distributions were made in accordance with the governing documents of TOI HC I, LLC and Havencrest Healthcare Partners, L.P.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing related to share distribution, indicating a neutral sentiment. It reflects routine portfolio management activities.
Industry Context
This filing indicates a restructuring of ownership within Havencrest Healthcare Partners regarding its holdings in Oncology Institute, Inc., which is common for private equity firms managing their investments.
Stakeholder Impact
- The distribution of shares may impact the trading volume and price of Oncology Institute, Inc. stock.
- Limited partners of Havencrest Healthcare Partners, L.P. now directly hold shares of Oncology Institute, Inc.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | TOI HC I, LLC distributed shares of TOI common stock to its members and Havencrest Healthcare Partners, L.P. distributed shares to its limited partners. |
| 08/20/2024 | Date of signatures for the SEC Form 4 filings. |
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