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Management Newsletter Article | March 31, 1989

CompCare to Restructure

By Market Intelligence Team

OPEN MINDS The Behavioral Health Industry Analyst Industry News On February 9, Comprehensive Care Corporation announced that its board of directors had engaged Prudential Bache Capital Funding to assist it in evaluation "various strategic and financial alternatives, such as possible recapitalization, disposition of assets, or sale of the company," according to a report in the April 5, 1989 issue of Alcoholism and Drug Abuse Week. Since the announcement, CompCare shares have continued trading in the $11 range, with fluctuation in the last year between $7.50 and $12.63. The report featured the comments of Dean Witter Reynolds' analyst Todd . . .

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