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Jenkins paid $2 million. The shares will be issuexd in aboutthree weeks, aftert CompCare completes a previously disclosed increase in its authorize d common stock, a filinbg with the said. who CompCare stock earlier this year, will own a totap of 14 million or 43.4 percent of the totalo number of shares outstanding, the filingv said. Jenkins paid 25 cents a share for the stocl in the May21 agreement. The stock traded on the open markeg that day at 55 cents a Its 52-week range has been between 15 cents and 95 cents a Jenkins currently is chairman of the executive committer at Publix, a Lakeland-based grocery chain and the largest privately owned company in the Tampaw Bay area.
CompCare (OTCBB: CHCR) said it planz to use the net proceed s from the sale of the securities for workingf capital and generalcorporate purposes. The Tampa-baserd company provides behavioral health, substance abuse, direct-to-consumer marketingb of health care products and employeeassistance programs. CompCare bought in January, and the former chairmah and chief executive of Clark Marcus, was named chairman and co-chief executivr of CompCare earlier this month.
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