Stock Sale Plan: CareLine Inc. said Tuesday...

Stock Sale Plan: CareLine Inc. said Tuesday it is proposing a stock sale to raise at least $57.5 million for paying off corporate debt and making acquisitions.

The Irvine-based company, which offers emergency and non-emergency ambulance services, said it has filed a registration statement with the U.S. Securities and Exchange Commission for an offering of 5.7 million shares that it expects would sell at $10 to $12 apiece.

The company is filing to be listed on the Nasdaq market. The initial public offering would be handled by brokerages Robertson Stephens & Co. and Alex Brown & Sons.