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Ralph Hazelbaker

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BUSINESS
November 3, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
A costly four-year legal battle between Care Enterprises Inc., the nursing home operator now emerging from bankruptcy, and dissident shareholder Ralph E. Hazelbaker ended Friday in what both sides called a welcome divorce. As part of the deal, each side will drop the lawsuits it has filed against the other, and Hazelbaker will surrender his 3% interest in Care by returning to the company 200,785 shares of its common stock without seeking payment.
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BUSINESS
November 3, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
A costly four-year legal battle between Care Enterprises Inc., the nursing home operator now emerging from bankruptcy, and dissident shareholder Ralph E. Hazelbaker ended Friday in what both sides called a welcome divorce. As part of the deal, each side will drop the lawsuits it has filed against the other, and Hazelbaker will surrender his 3% interest in Care by returning to the company 200,785 shares of its common stock without seeking payment.
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BUSINESS
January 29, 1988 | LESLIE BERKMAN, Times Staff Writer
Care Enterprises' board of directors has determined that "it is not in the best interests" of the Tustin-based nursing home company to negotiate the sale of any of its facilities to Ralph Hazelbaker, a nursing home operator in Columbus, Ohio. Care Enterprises announced its decision Thursday in a prepared statement apparently intended to quash repeated attempts by Hazelbaker to buy back nursing home assets that he and other investors sold to Care in 1985.
BUSINESS
January 21, 1988 | LESLIE BERKMAN, Times Staff Writer
Care Enterprises, still scrambling to avoid bankruptcy, said Wednesday that it is negotiating with lenders to extend the deadline for a $5-million loan payment it missed Friday. The lenders, Wells Fargo Bank and Citibank, previously had extended a Dec. 31 due date for the payment. Care, a Tustin-based nursing home operator, was also obliged Wednesday to once again extend the deadline on its offer to exchange $68 million in company debentures and notes.
BUSINESS
September 4, 1985
Care Enterprises announced a major management restructuring of the Laguna Hills-based nursing-care concern. The company--the nation's fourth-largest publicly owned operator of skilled and intermediate nursing-care facilities--will have three new operating subsidiaries, according to Boyd W. Hendrickson, president and chief operating officer. David K. Juberg, formerly vice president of operations of Care Enterprises, has been named president of a new subsidiary called Care Enterprises West.
BUSINESS
June 10, 1989 | JOHN CHARLES TIGHE, Times Staff Writer
Care Enterprises lost $29 million in 1988, including $7.2 million set aside to cover the costs of its attempt to reorganize under protection of bankruptcy court, the company said Friday. Tustin-based Care, one of the nation's largest nursing home operators with 94 facilities, lost $66.5 million in 1987. In explaining the 1988 loss, Care said payments for patient care from the government were not sufficient to cover the company's operating costs. The company reported that revenue for 1988 declined 2% to $247.
BUSINESS
January 13, 1989 | LESLIE BERKMAN, Times Staff Writer
A third plan to rescue Care Enterprises from bankruptcy has been submitted, this time by a company that is renewing its bid to buy skilled nursing facilities from the Tustin-based nursing home chain. In a plan filed Wednesday with the U.S. Bankruptcy Court in Los Angeles, Paradigm Corp. of Columbus, Ohio, seeks to acquire 22 nursing homes and other property owned by Care Enterprise subsidiaries in Ohio, New Mexico and West Virginia.
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