	intercare care says uisition terminated intercare inc said it has agreed to terminate the proposed uisition of universal care because first jersey securities has withdrawn as underwriter for a proposed offering of intercare securities the company said the offering was to have raised dlrs for working capital through the sale of equity and debt and would have also financed the dlr cash portion of the universal care purchase price in addition dlrs would have been used to repay debt intercare said to date it has incurred about dlrs in expenses in connection with the proposed offering the company said to improve its working capital position it plans to reduce operating expenses by decreasing hours of operation and its workforce and selling some assets as of october the copmpany said it had a working capital deficit of dlrs on a pro forma basis to include recently uired u s medical enterprises inc reuter 
