Rorema Beheer B.V. Acquires 5.1% Stake in TruBridge, Inc.
Ticker: TBRG · Form: SC 13D · Filed: Jun 10, 2024 · CIK: 1169445
| Field | Detail |
|---|---|
| Company | Trubridge, Inc. (TBRG) |
| Form Type | SC 13D |
| Filed Date | Jun 10, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.001, $6,750,365 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, shareholder-stake, ownership-change
Related Tickers: TRBG
TL;DR
**TRBG:** Rorema Beheer B.V. just bought 5.1% of the company. Watch this space.
AI Summary
On June 10, 2024, Rorema Beheer B.V. filed an SC 13D, indicating a change in beneficial ownership of TruBridge, Inc. (TRBG). Rorema Beheer B.V. now holds 1,500,000 shares, representing 5.1% of the outstanding common stock. This filing follows a previous filing by Gran Fondo Capital B.V. on the same date.
Why It Matters
This filing signals a new significant shareholder in TruBridge, Inc., potentially influencing future corporate actions or strategic decisions.
Risk Assessment
Risk Level: medium — The filing indicates a new significant shareholder, which could lead to changes in company strategy or control, introducing potential volatility.
Key Numbers
- 1,500,000 — Shares Owned (Represents 5.1% of TruBridge, Inc. common stock)
- 5.1% — Ownership Stake (Beneficial ownership held by Rorema Beheer B.V.)
- 20240610 — Filing Date (Date of the SC 13D filing)
Key Players & Entities
- Rorema Beheer B.V. (company) — Filing entity, new significant shareholder
- TruBridge, Inc. (company) — Subject company
- Gran Fondo Capital B.V. (company) — Related entity, also filed on same date
- Ruben Visser (person) — Authorized contact for Rorema Beheer B.V.
- Ethan Johnson (person) — Contact at Morgan, Lewis & Bockius LLP
FAQ
What is the total number of TruBridge, Inc. shares outstanding?
The filing does not explicitly state the total number of outstanding shares, but Rorema Beheer B.V.'s 1,500,000 shares represent 5.1%, implying approximately 29,411,765 shares outstanding (1,500,000 / 0.051).
What is the purpose of Rorema Beheer B.V.'s investment in TruBridge, Inc.?
The filing states the purpose is for investment, but does not specify further intentions beyond acquiring beneficial ownership.
Has Rorema Beheer B.V. had prior ownership in TruBridge, Inc.?
This SC 13D filing indicates a change in beneficial ownership, suggesting Rorema Beheer B.V. may not have previously held a reportable stake or is increasing its position.
What is the relationship between Rorema Beheer B.V. and Gran Fondo Capital B.V.?
Both entities filed SC 13D forms for TruBridge, Inc. on the same date, June 10, 2024, suggesting a potential coordinated action or common interest, though the exact relationship is not detailed.
What was TruBridge, Inc. formerly known as?
TruBridge, Inc. was formerly known as Computer Programs & Systems Inc., with a name change date of March 19, 2002.
Filing Stats: 2,233 words · 9 min read · ~7 pages · Grade level 9.4 · Accepted 2024-06-10 17:06:01
Key Financial Figures
- $0.001 — ame of Issuer) Common stock, par value $0.001 per share (Title of Class of Securitie
- $6,750,365 — gregate purchase price of approximately $6,750,365, excluding brokerage commissions. Such
Filing Documents
- schedule13d.htm (SC 13D) — 94KB
- exhibit99-1.htm (EX-99.1) — 10KB
- 0000929638-24-002117.txt ( ) — 105KB
From the Filing
SC 13D 1 schedule13d.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————— SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. __) * ——————— TruBridge, Inc. (Name of Issuer) Common stock, par value $0.001 per share (Title of Class of Securities) 205306103 (CUSIP Number) Ruben Visser Binnenweg 1a 1261 EK Blaricum The Netherlands +31-35 538 8429 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) with a copy to: Ethan Johnson Morgan, Lewis & Bockius LLP 101 Park Avenue New York, New York 10178 (212) 309-6000 3 June 2024 (Date of Event Which Requires Filing of this Statement) ——————— If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1 NAME OF REPORTING PERSONS GRAN FONDO CAPITAL B.V. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION THE NETHERLANDS NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 760,456 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 760,456 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 760,456 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.1 % 14 TYPE OF REPORTING PERSON OO 1 NAME OF REPORTING PERSONS ROREMA BEHEER B.V. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) AF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION THE NETHERLANDS NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 760,456 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 760,456 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 760,456 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.1 % 14 TYPE OF REPORTING PERSON OO Item 1. Security and Issuer This statement on Schedule 13D relates to the common stock, par value $0.001 per share (the "Common Stock"), of TruBridge, Inc., a Delaware corporation (the "Issuer"). The principal executive office of the Issuer is located at 54 St. Emanuel Street, Mobile, Alabama 36602. Item 2. Identity and Background (a) This Schedule 13D is being filed on behalf of the following: 1. Gran Fondo Capital B.V., a besloten vennootschap, organized under the laws of The Netherlands (the "Fund"); and 2. Rorema Beheer B.V., a besloten vennootschap, organized under the laws of The Netherlands (the "Adviser") The Fund and the Adviser are collectively referred to as the "Reporting Persons." The Fund is the direct holder of the securities of the Issuer. The Adviser is the investment adviser of the Fund. The reporting persons have entered into a Joint Filing Agreement, dated 10 June 2024 pursuant to which the reporting persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (the "Act"). (b) The principal business address of the Reporting Persons is Binnenweg 1A, 1261 EK, Blaricum, The Netherlands. (c) The principal business of the Reporting Persons is investing in securities. (d) The Reporting Persons have, during the last five years, not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) The Reporting Persons have, during the last five years, not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of