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ORANGE COUNTY EARNINGS

March 08, 1994

Care Enterprises Inc.: The Tustin nursing home operator said it will incur a charge of about $1.1 million, or 8 cents a share, after taxes, in its 1993 fourth quarter related to the cost of its share appreciation rights plan. In a press release, the company said the charge is the result of an increase in the market price of its common stock from $4 a share on Sept. 30, 1993, to $9.63 on Dec. 31. The company said it expects to release fourth-quarter and year-end results later this month.

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