Investment Group Sells Part of Stake in Nu-Med
A Wall Street investment partnership has reduced its interest in Encino hospital operator Nu-Med Inc. from 8.1% to 6.9%, or 626,300 common shares, according to a filing with the Securities and Exchange Commission. HPB Associates L.P., controlled by Howard P. Berkowitz, sold 106,000 Nu-Med shares June 14 and 17 for $3.62 to $3.68 each, or a total of about $385,000, the SEC documents said.
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