In a 13D filing on Hill-Rom Holdings (HRC), Richard Breeden's Breeden Capital disclosed a 5.25% stake (3,278,409 shares) in the company., which is up from the 2,478,618 share stake held at the quarter ended 6/30/08. A 13D indicates a possible activist investment.
In a pretty standard disclosure, Breeden didn't make any direct requests on the company, but said it will monitor the investment and may be in contact with members of management or the board or others about the investment.
Hill-Rom Holdings, Inc. provides medical technologies and related services for the health care industry.
Breeden Capital is a Greenwich, CT-based hedge fund founded by Richard Breeden, a former SEC chief turned activist investor. Richard Breeden was elected as Chairman of H&R Block (HRB) after successfully pushing for changes at the embattled tax preparer.