Investment Group Boosts Share of Nu-Med to 6.5%

HPB Associates, a New York investment concern, announced that it increased its stake in Nu-Med, the Encino-based hospital operator, from 4.1% to 6.5%. HPB said in a filing with the Securities and Exchange Commission that it purchased 215,800 shares of Nu-Med for $3.8 million in a series of transactions beginning June 28 and ending Thursday.