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Microcap & Penny Stocks : Iatros Health Network Inc -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hofmann who wrote (506)	1/30/1998 4:01:00 PM
From: Tom Hofmann	Read Replies (1) \| Respond to of 560

Private Placement NewCare Health Corp. DALLAS, Jan. 30 /PRNewswire/ -- NewCare Health (Nasdaq: NWCA - news) is a publicly traded provider of senior residential care services including long- term care, assisted living and independent living services. The company also owns and manages hospitals. At present, NWCA operates 20 facilities in Georgia, Florida, Texas and Kansas. Renaissance Capital Growth & Income Fund III, Inc. (Nasdaq: RENN - news) announced that it invested $2,500,000 in the 8.50% convertible debetures of NewCare Health Corp. The debentures are convertible at any time prior to maturity into shares of Common Stock at a price of $3.81 per share which was also the purchase price for the Common Stock. The Fund also received a five year option to acquire 100,000 shares of the Company's common stock at $4.1875 per share. The Company is in the process of acquiring IATROS Health Network, Inc. (Nasdaq: IHNI - news). IATROS owns, leases and manages 12 facilities in the New England market with 1998 projected facility revenues of $37 million. IATROS also provides pharmacy and rehabilitation therapy services, and operates a medical supply and durable medical equipment company. Renaissance is pleased to be a partner in NewCare Health's future growth. Renaissance Capital Growth & Income Fund III is a closed-end Business Development fund listed on Nasdaq. The Fund seeks long-term capital appreciation by investing in micro-cap publicly traded companies. The current Portfolio consists of investments in 13 businesses in various industries. SOURCE: Renaissance Capital Group, Inc. More Quotes and News: Iatros Health Network Inc (Nasdaq:IHNI - news) Newcare Health Corp (Nasdaq:NWCA - news) Renaissance Capital Growth and Income Fund (Nasdaq:RENN - news)