Safeguard Health to Repurchase Stock

Safeguard Health Enterprises Inc. said its board has authorized the repurchase of up to 500,000 common shares in the open market and through private transactions from time to time. Safeguard, an Aliso Viejo provider of health care plans and services, said it has about 4.75 million shares of stock outstanding.

The stock, which traded as high as $3.50 a share early in March, closed Thursday at $1, up 13 cents, in over-the-counter trading.