HealthTronics investors led by BlueLine Partners lift stake to 7.9%

By Lisa Kerner

Charlotte, N.C., May 27 - A group of HealthTronics, Inc. shareholders led by BlueLine Partners, LLC and Blue TSV I, Ltd. bought 985,327 shares of the company's stock between March 23 and May 26 priced from $1.28 to $1.60 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Wednesday.

BlueLine beneficially owns 2,990,691 shares, or approximately 7.9%, of the company's outstanding stock.

Austin, Texas-based HealthTronics provides health-care services and manufactures medical devices primarily for the urology field.

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