Talomon Capital, a London-based investment firm, bought about 2.6 million shares of Brentwood, Tenn.-based Surgery Partners, according to the Nashville Post and Brentwood Home Page.
Three insights:
1. Talomon Capital likely amassed its entire stake in Surgery Partners in recent weeks.
2. Talomon Capital manages about $307 million for clients, meaning its investment in Surgery Partners accounts for about 5 percent of its total investments.
3. The value of Surgery Partners' shares has dropped two-thirds in the past year. Several top executives have left the company, which is working to close a federal investigation into its drug-testing practices.