ENTERTAINMENT

NME to Bolster Earnings With Debt-for-Equity Swap: National Medical Enterprises announced an offer to trade up to a quarter of its equity for debt in a move seen as boosting earnings per share and shoring up investor confidence after a sharp drop in the company’s share price. NME said that it had been planning the offer for months and that it was not specifically a response to the 20% drop in its share price after recent reports of fraudulent billing and other unethical practices at some of its psychiatric hospitals.