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Senior Care Signs Equity Agreement For Periodic Sale of Common Stock

LAGUNA BEACH, CA-Health services provider to sell $20 million in common stock over next two years.

By Joel Cone | Updated on November 24, 2000

LAGUNA BEACH, CA-Senior Care Industries Inc.recently signed an investment agreement to sell up to$20 million of common stock, over a two-year period, under a private equity line arrangement.

“This equity line provides Senior Care with theability to issue common stock to the investorperiodically based on certain market conditions,” says John Cruickshank, SVP at Senior Care. “This equity line should provide the company with the working capital necessary to aggressively pursue future acquisitions that fit into the Senior Care family of companies and grow the company’s revenues.”

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