INTERCARE <CARE> SAYS ACQUISITION TERMINATED InterCare Inc said it has agreed to terminate the proposed acquisition 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 has withdrawn as underwriter for a proposed offering of InterCare securities.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 7,500,000 dlrs for working capital through the sale of equity and debt and would have also financed the 1,897,000 dlr cash portion of the Universal Care purchase price. In addition, 1,700,000 dlrs would have been used to repay debt. InterCare said to date it has incurred about 500,000 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 31, the copmpany said it had a working capital deficit of 2,301,000 dlrs, on a pro forma basis to include recently acquired U.S. Medical Enterprises Inc.