	intercare care drops offering buyout plans intercare inc said it terminated plans to uire universal care a california health mainenance organization following first jersey securities decision to withdraw as underwriter for intercare s proposed public debt and equity securities offering the uisition was contingent on its ability to obtain financing to fund the mln dlr cash portion of the purchase price intercare said it also said the offering was aimed at raising mln dlrs for working capital and mln to repay debt incurred in connection with its recent uisition of u s medical enterprises inc the company further stated that it has a mln dlr working capital deficit and it will therefore reduce operating expenses by decreasing operating hours workforce reductions and the sale of certain assets reuter 
