Care Enterprises Stock Bought: The Foothill Group...
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Care Enterprises Stock Bought: The Foothill Group Inc., a Tucson, Ariz., investment concern, has raised its stake in Care Enterprises Inc., the Tustin-based provider of inpatient nursing services, to 17.6% or the equivalent of 1.2 million, class A common shares. Foothill and two entities it controls--The Foothill Fund and Foothill Managers Ltd. II--bought the $1.1-million principal of Care Enterprises’ convertible debentures July 10 and Nov. 6 for $338,300. They are convertible into 1.1 million class A common shares, according to a filing with the Securities and Exchange Commission.
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