-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UlKwdebF5R79MSEQF86FFgo/wjUHZDqIZPHWzX6bZ2k2cRL1dOFe+kGspFecP7gX ivs14fHMkNUrFLqugb7M/g== 0000932440-03-000008.txt : 20030109 0000932440-03-000008.hdr.sgml : 20030109 20030108145806 ACCESSION NUMBER: 0000932440-03-000008 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030108 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GREENBERG FRED /NY/ CENTRAL INDEX KEY: 0000872612 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 350 PARK AVE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 MAIL ADDRESS: STREET 1: 300 PARK AVE STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EP MEDSYSTEMS INC CENTRAL INDEX KEY: 0001012394 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 223212190 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-48865 FILM NUMBER: 03507711 BUSINESS ADDRESS: STREET 1: 100 STIERLI COURT STREET 2: SUITE 107 CITY: MOUNT ARLINGTON STATE: NJ ZIP: 07856 BUSINESS PHONE: 9733982800 MAIL ADDRESS: STREET 1: 58 ROUTE 46 WEST CITY: BUDD LAKE STATE: NJ ZIP: 07828 SC 13G 1 sc13g-756762.txt SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------ SCHEDULE 13G (1) (RULE 13D-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(B) EP MEDSYSTEMS INC. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 26881P103 (CUSIP Number) APRIL 10, 2002 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1(b) |X| Rule 13d-1(c) |_| Rule 13d-1(d) (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, SEE the NOTES). CUSIP No. 26881P103 13G Page 1 of 18 Pages - --------- ---------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Greenberg Healthcare Management, LLC - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------- ---------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- SHARES ------ --------------------------------------------------------- 6. SHARED VOTING POWER BENEFICIALLY 259,380 OWNED BY ------ --------------------------------------------------------- 7. SOLE DISPOSITIVE POWER EACH -0- REPORTING ------ --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER PERSON WITH 259,380 - --------- ---------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 259,380 - --------- ---------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES** |_| - --------- ---------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.7% - --------- ---------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** OO - --------- ---------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26881P103 13G Page 2 of 18 Pages - --------- ---------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EGS Management, LLC - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------- ---------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- SHARES ------ --------------------------------------------------------- 6. SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------ --------------------------------------------------------- 7. SOLE DISPOSITIVE POWER EACH -0- REPORTING ------ --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER PERSON WITH -0- - --------- ---------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - --------- ---------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES** |_| - --------- ---------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% - --------- ---------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** OO - --------- ---------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26881P103 13G Page 3 of 18 Pages - --------- ---------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EGS Partners, LLC - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------- ---------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- SHARES ------ --------------------------------------------------------- 6. SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------ --------------------------------------------------------- 7. SOLE DISPOSITIVE POWER EACH -0- REPORTING ------ --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER PERSON WITH -0- - --------- ---------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - --------- ---------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES** |_| - --------- ---------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% - --------- ---------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** IA - --------- ---------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26881P103 13G Page 4 of 18 Pages - --------- ---------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) The Pharmaceutical/Medical Technology Fund, L.P. - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------- ---------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- SHARES ------ --------------------------------------------------------- 6. SHARED VOTING POWER BENEFICIALLY 215,682 OWNED BY ------ --------------------------------------------------------- 7. SOLE DISPOSITIVE POWER EACH -0- REPORTING ------ --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER PERSON WITH 215,682 - --------- ---------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 215,682 - --------- ---------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES** |_| - --------- ---------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.4% - --------- ---------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** PN - --------- ---------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26881P103 13G Page 5 of 18 Pages - --------- ---------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Strategic Healthcare Investment Fund - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - --------- ---------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- SHARES ------ --------------------------------------------------------- 6. SHARED VOTING POWER BENEFICIALLY 43,698 OWNED BY ------ --------------------------------------------------------- 7. SOLE DISPOSITIVE POWER EACH -0- REPORTING ------ --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER PERSON WITH 43,698 - --------- ---------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 43,698 - --------- ---------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES** |_| - --------- ---------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.3% - --------- ---------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** PN - --------- ---------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26881P103 13G Page 6 of 18 Pages - --------- ---------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EGS Private Healthcare Associates, LLC - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------- ---------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- SHARES ------ --------------------------------------------------------- 6. SHARED VOTING POWER BENEFICIALLY 1,500,000 OWNED BY ------ --------------------------------------------------------- 7. SOLE DISPOSITIVE POWER EACH -0- REPORTING ------ --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER PERSON WITH 1,500,000 - --------- ---------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,500,000 - --------- ---------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES** |_| - --------- ---------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.0% - --------- ---------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** PN - --------- ---------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26881P103 13G Page 7 of 18 Pages - --------- ---------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EGS Private Healthcare Partnership, L.P. - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------- ---------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- SHARES ------ --------------------------------------------------------- 6. SHARED VOTING POWER BENEFICIALLY 1,312,500 OWNED BY ------ --------------------------------------------------------- 7. SOLE DISPOSITIVE POWER EACH -0- REPORTING ------ --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER PERSON WITH 1,312,500 - --------- ---------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,312,500 - --------- ---------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES** |_| - --------- ---------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.7% - --------- ---------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** PN - --------- ---------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26881P103 13G Page 8 of 18 Pages - --------- ---------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EGS Private Healthcare Counterpart, L.P. - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------- ---------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF -0- SHARES ------ --------------------------------------------------------- 6. SHARED VOTING POWER BENEFICIALLY 187,500 OWNED BY ------ --------------------------------------------------------- 7. SOLE DISPOSITIVE POWER EACH -0- REPORTING ------ --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER PERSON WITH 187,500 - --------- ---------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 187,500 - --------- ---------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES** |_| - --------- ---------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.2% - --------- ---------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** PN - --------- ---------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26881P103 13G Page 9 of 18 Pages - --------- ---------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Frederic Greenberg - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------- ---------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 20,000 SHARES ------ --------------------------------------------------------- 6. SHARED VOTING POWER BENEFICIALLY 1,759,380 OWNED BY ------ --------------------------------------------------------- 7. SOLE DISPOSITIVE POWER EACH 20,000 REPORTING ------ --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER PERSON WITH 1,759,380 - --------- ---------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,779,380 - --------- ---------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES** |_| - --------- ---------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.8% - --------- ---------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** IN - --------- ---------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26881P103 13G Page 10 of 18 Pages - --------- ---------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Abhijeet Lele - --------- ---------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3. SEC USE ONLY - --------- ---------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------- ---------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF 11,000 SHARES ------ --------------------------------------------------------- 6. SHARED VOTING POWER BENEFICIALLY 1,500,000 OWNED BY ------ --------------------------------------------------------- 7. SOLE DISPOSITIVE POWER EACH 11,000 REPORTING ------ --------------------------------------------------------- 8. SHARED DISPOSITIVE POWER PERSON WITH 1,500,000 - --------- ---------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,511,000 - --------- ---------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES** |_| - --------- ---------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.0% - --------- ---------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** IN - --------- ---------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26881P103 13G Page 11 of 18 Pages ITEM 1(A). NAME OF ISSUER. EP Medsystems Inc. (the "Company"). ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES. The Company's principal executive offices are located at 100 Stierli Court, Mount Arlington, New Jersey 07856. ITEMS 2(A) NAME OF PERSON FILING This statement is filed by: (i) Greenberg Healthcare Management, LLC, a Delaware limited liability company ("Greenberg Management"), with respect to Shares beneficially owned by The Pharmaceutical/Medical Technology Fund, L.P. and Strategic Healthcare Investment Fund; (ii) EGS Management, L.L.C., a Delaware limited liability company ("EGS Management"), with respect to Shares beneficially owned by The Pharmaceutical/Medical Technology Fund, L.P.; (iii) EGS Partners, L.L.C., a Delaware limited liability company ("EGS Partners"), with respect to shares of Common Stock beneficially owned by Strategic Healthcare Investment Fund, a Cayman Islands company; (iv) The Pharmaceutical/Medical Technology Fund, L.P., a Delaware limited partnership ("Pharm/Med Tech Fund"), with respect to Shares beneficially owned by it; (v) Strategic Healthcare Investment Fund, a Cayman Islands company ("Strategic Healthcare"), with respect to Shares beneficially owned by it; (vi) EGS Private Healthcare Associates, LLC, a Delaware limited liability company ("Healthcare Associates"), with respect to Shares beneficially owned by EGS Private Healthcare Partnership, L.P. and EGS Private Healthcare Counterpart, L.P.; (vii) EGS Private Healthcare Partnership, L.P., a Delaware limited partnership ("Healthcare Partnership"), with respect to Shares beneficially owned by it; (viii) EGS Private Healthcare Counterpart, L.P., a Delaware limited partnership ("Healthcare Counterpart"), with respect to Shares beneficially owned by it; (ix) Frederic Greenberg, with respect to Shares beneficially owned by Pharm/Med Tech Fund, Strategic Healthcare, Healthcare Partnership, Healthcare Counterpart and himself; and (xi) Abhijeet Lele, with respect to Shares beneficially owned by Healthcare Partnership, Healthcare Counterpart and himself. CUSIP No. 26881P103 13G Page 12 of 18 Pages The foregoing persons hereinafter sometimes are referred to collectively as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The managing member of Greenberg Management is Frederic Greenberg. The managing member of Healthcare Associates is Frederic Greenberg. ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business and principal office of (i) Greenberg Management, EGS Management, EGS Partners, Healthcare Associates, Pharm/Med Tech Fund, Healthcare Partnership, Healthcare Counterpart, Frederic Greenberg and Abhijeet Lele is 350 Park Avenue, 11th Floor, New York, New York 10022 and (ii) Strategic Healthcare is c/o MeesPierson (Cayman) Limited, British American Centre, Phase 3, Dr. Roy's Drive, P.O. Box 2003, George Town, Grand Cayman, Cayman Islands, B.W.I. ITEM 2(C). CITIZENSHIP. Each of the individuals referred to in paragraph (a) above is a United States citizen. Greenberg Management, EGS Management, EGS Partners and Healthcare Associates are Delaware limited liability companies. Pharm/Med Tech Fund, Healthcare Partnership and Healthcare Counterpart are Delaware limited partnerships. Strategic Healthcare is a company formed in the Cayman Islands. ITEM 2(D). TITLE OF CLASS OF SECURITIES. Common stock. ITEM 2(E). CUSIP NUMBER. 26881P1O3 ITEM 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d- 2(b) or (c), check whether the person filing is a: (a) |_| Broker or dealer registered under Section 15 of the Act, (b) |_| Bank as defined in Section 3(a)(6) of the Act, (c) |_| Insurance Company as defined in Section 3(a)(19) of the Act, (d) |_| Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) |_| Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E), CUSIP No. 26881P103 13G Page 13 of 18 Pages (f) |_| Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F), (g) |_| Parent Holding Company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G), (h) |_| Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) |_| Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940, (j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to 13d-1(c), check this box: |X| ITEM 4. OWNERSHIP. As of the close of business on December 31, 2002: A. GREENBERG HEALTHCARE MANAGEMENT, LLC (a) Amount beneficially owned: 259,380 (b) Percent of class: 1.7%. The percentages used herein and in the rest of Item 4 are calculated based upon the 15,098,736 Shares issued and outstanding as of September 30, 2002 as reported on the Company's quarterly report on Form 10-QSB filed with the Securities and Exchange Commission by the Company for the quarter ended September 30, 2002. (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 259,380 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 259,380 B. EGS MANAGEMENT, L.L.C. (a) Amount beneficially owned: -0- (b) Percent of class: 0% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: -0- (iii) Sole power to dispose or direct the disposition: -0- CUSIP No. 26881P103 13G Page 14 of 18 Pages (iv) Shared power to dispose or direct the disposition: -0- C. EGS PARTNERS, L.L.C. (a) Amount beneficially owned: -0- (b) Percent of class: 0% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: -0- (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: -0- D. PHARM/MED TECH FUND (a) Amount beneficially owned: 215,682 (b) Percent of class: 1.4% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 215,682 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 215,682 E. STRATEGIC HEALTHCARE (a) Amount beneficially owned: 43,698 (b) Percent of class: 0.3% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 43,698 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 43,698 F. HEALTHCARE ASSOCIATES (a) Amount beneficially owned: 1,500,000 (b) Percent of class: 10.0% CUSIP No. 26881P103 13G Page 15 of 18 Pages (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 1,500,000 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 1,500,000 G. HEALTHCARE PARTNERSHIP (a) Amount beneficially owned: 1,312,500 (b) Percent of class: 8.7% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 1,312,500 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 1,312,500 H. HEALTHCARE COUNTERPART (a) Amount beneficially owned: 187,500 (b) Percent of class: 1.2% (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 187,500 (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 187,500 I. FREDERIC GREENBERG (a) Amount beneficially owned: 1,779,380 (b) Percent of class: 11.8% (c) (i) Sole power to vote or direct the vote: 20,000 (ii) Shared power to vote or direct the vote: 1,759,380 (iii) Sole power to dispose or direct the disposition: 20,000 (iv) Shared power to dispose or direct the disposition: 1,759,380 CUSIP No. 26881P103 13G Page 16 of 18 Pages J. ABHIJEET LELE (a) Amount beneficially owned: 1,511,000 (b) Percent of class: 10.0% (c) (i) Sole power to vote or direct the vote: 11,000 (ii) Shared power to vote or direct the vote: 1,500,000 (iii) Sole power to dispose or direct the disposition: 11,000 (iv) Shared power to dispose or direct the disposition: 1,500,000 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. |X| As of the date hereof, EGS Management and EGS Partners have ceased to be the beneficial owner of more than five percent of the class of securities. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. To the knowledge of the Reporting Persons, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, a number of such Common Stock which represents more than five percent of the number of outstanding shares of Common Stock. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not Applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not Applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not Applicable. ITEM 10. CERTIFICATIONS. Each of the Reporting Persons hereby makes the following certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 26881P103 13G Page 17 of 18 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. DATED: January 8, 2003 /s/ Frederic Greenberg -------------------------------------------------- Frederic Greenberg, individually, as a member of EGS Management, L.L.C., EGS Partners, L.L.C., Greenberg Healthcare Management, LLC and EGS Private Healthcare Associates, LLC, as a member of Greenberg Healthcare Management, LLC on behalf of The Pharmaceutical/Medical Technology Fund, L.P. and the Strategic Healthcare Investment Fund and as a member of EGS Private Healthcare Associates, LLC on behalf of EGS Private Healthcare Partnership, L.P. and EGS Private Healthcare Counterpart, L.P. /s/ Abhijeet Lele -------------------------------------------------- Abhijeet Lele, individually CUSIP No. 26881P103 13G Page 18 of 18 Pages -----END PRIVACY-ENHANCED MESSAGE-----