Foothill Group Increases Stake in Care Enterprises

An investor partnership led by Foothill Group Inc., a financial services concern with executive offices in Agoura Hills and Los Angeles, has lifted its stake in Care Enterprises Inc. to 27% of the Tustin-based company’s stock.

In a filing with the Securities and Exchange Commission, the Foothill group said it bought an additional 653,061 common shares of Care Enterprises for $2.45 a share, or $1.6 million, lifting its overall stake to 3.1 million shares. No other information was provided.

Care Enterprises operates nursing homes and rehabilitation centers.