0000904454-05-000039.txt : 20120628 0000904454-05-000039.hdr.sgml : 20120628 20050114155914 ACCESSION NUMBER: 0000904454-05-000039 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20050114 DATE AS OF CHANGE: 20050114 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SELECT MEDICAL CORP CENTRAL INDEX KEY: 0001035688 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093] IRS NUMBER: 232872718 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61617 FILM NUMBER: 05530807 BUSINESS ADDRESS: STREET 1: 4716 OLD GETTYSBURG RD CITY: MECHANICSBURG STATE: PA ZIP: 17055 BUSINESS PHONE: 7179721100 MAIL ADDRESS: STREET 1: 4716 OLD GETTYSBURG RD CITY: MECHANICSBURG STATE: PA ZIP: 17055 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EGL Holding CO CENTRAL INDEX KEY: 0001306472 IRS NUMBER: 201764048 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 320 PARK AVENUE, SUITE 2500 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 893-9500 MAIL ADDRESS: STREET 1: 320 PARK AVENUE, SUITE 2500 CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 s13da_01132005-select.txt SCHEDULE 13D/A (Page 1 of 44 Pages) SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D (Rule 13d-101) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 2)(1) SELECT MEDICAL CORPORATION -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value -------------------------------------------------------------------------------- (Title of Class of Securities) 816196 10 9 -------------------------------------------------------------------------------- (CUSIP Number) Welsh, Carson, Anderson & Stowe IX, L.P. Select Medical Corporation Ropes & Gray LLP 320 Park Avenue, Suite 2500 4716 Old Gettysburg Road 45 Rockefeller Plaza New York, NY 10022 Mechanicsburg, PA 17055 New York, NY 10111 Attn: Jonathan M. Rather Attn: Michael E. Tarvin Attn: Othon A. Prounis Tel: (212) 893-9500 Tel: (717) 972-1100 Tel: (212) 841-5700 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 13, 2005 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box |X|(2) Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) -------- (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 disclosures provided in a prior cover page. (2) The filing person who has previously filed a statement on Schedule 13G is Rocco A. Ortenzio. The information required on 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 ("Act") 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). (Page 2 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS EGL Holding Company EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO/Not Applicable -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 8,438,392* shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,438,392* shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- * Reflects 8,438,392 shares of Common Stock of Select Medical Corporation to be contributed to EGL Holding Company pursuant to (a) the various Agreements, dated October 17, 2004, December 20, 2004 and January 13, 2005, among EGL Holding Company and the various rollover investors referred to therein, and (b) an understanding among EGL Holding Company and certain individuals. (Page 3 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Welsh, Carson, Anderson & Stowe IX, L.P. EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO/Not Applicable -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 8,438,392* shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,438,392* shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- * Reflects 8,438,392 shares of Common Stock of Select Medical Corporation to be contributed to EGL Holding Company pursuant to (a) the various Agreements, dated October 17, 2004, December 20, 2004 and January 13, 2005, among EGL Holding Company and the various rollover investors referred to therein, and (b) an understanding among EGL Holding Company and certain individuals. (Page 4 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS WCAX IX Associates, L.L.C. EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO/Not Applicable -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 8,438,392* shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,438,392* shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO -------------------------------------------------------------------------------- * Reflects 8,438,392 shares of Common Stock of Select Medical Corporation to be contributed to EGL Holding Company pursuant to (a) the various Agreements, dated October 17, 2004, December 20, 2004 and January 13, 2005, among EGL Holding Company and the various rollover investors referred to therein, and (b) an understanding among EGL Holding Company and certain individuals. (Page 5 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Patrick J. Welsh EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 125,000 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 125,000 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 125,000 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 6 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Russell L. Carson EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 726,960 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 726,960 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 726,960 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less Than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 7 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Bruce K. Anderson EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 618,910 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 618,910 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 618,910 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less Than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 8 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Thomas E. McInerney EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 450,984 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 450,984 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 450,984 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less Than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 9 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Robert A. Minicucci EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 88,626 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 88,626 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 88,626 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less Than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 10 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Anthony J. de Nicola EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 19,483 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 19,483 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,483 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less Than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 11 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Thoma Cressey Fund VI, L.P. EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 2,098,596 shares EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,098,596 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,098,596 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- (Page 12 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Thoma Cressey Friends Fund VI, L.P. EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 2,098,596 shares EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,098,596 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,098,596 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- (Page 13 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS TC Partners VI, L.P. EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO/Not Applicable -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 2,098,596 shares EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,098,596 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,098,596 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- (Page 14 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Thoma Cressey Equity Partners, Inc. EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO/Not Applicable -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 2,098,596 shares EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,098,596 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,098,596 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- (Page 15 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Bryan C. Cressey EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 218,092 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 2,098,596 shares EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 218,092 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,098,596 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,316,688 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.3% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 16 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Kenneth Melkus EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 38,845 shares EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 38,845 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 38,845 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 17 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Rocco A. Ortenzio EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 12,151,025 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 418,266 shares EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 12,151,025 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 418,266 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,569,291 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.5% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 18 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Robert A. Ortenzio EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 5,403,336 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 459,284 shares EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 5,403,336 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 459,284 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,862,620 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.6% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 19 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS John M. Ortenzio EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 457,406 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 15,000 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 457,406 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 15,000 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 472,406 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 20 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Martin J. Ortenzio EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 284,676 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 284,676 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 284,676 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 21 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Martin J. Ortenzio Descendants Trust EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 191,958 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 191,958 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 191,958 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO -------------------------------------------------------------------------------- (Page 22 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Ortenzio Family Foundation EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 380,386 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 380,386 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 380,386 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO -------------------------------------------------------------------------------- (Page 23 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Patricia A. Rice EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 539,603 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 200,000 shares EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 539,603 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 200,000 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 739,603 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 24 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Martin F. Jackson EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 637,770 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 4,000 shares EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 637,770 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 4,000 shares -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 641,770 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 25 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS S. Frank Fritsch EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 258,936 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 258,936 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 258,936 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 26 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Michael E. Tarvin EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 160,818 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 160,818 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 160,818 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 27 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS James J. Talalai EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 170,932 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 170,932 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 170,932 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 28 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Scott A. Romberger EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 149,771 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 149,771 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 149,771 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 29 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Kenneth L. Moore EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 171,617 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 171,617 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 171,617 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 30 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Joel T. Veit EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 38,159 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 4,000 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 38,159 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 4,000 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 42,159 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 31 of 44 Pages) -------------------------------------------------------------------------------- CUSIP No. 816196 10 9 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Meyer Feldberg EIN No.: -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|X| (b)|_| -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS PF -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS |_| IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 37,440 shares SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 37,440 shares WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 37,440 shares -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 1.0% -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- (Page 32 of 44 Pages) AMENDMENT NO. 2 TO SCHEDULE 13D Reference is hereby made to the statement on Schedule 13D originally filed with the Securities and Exchange Commission (the "Commission") on October 20, 2004 and Amendment No. 1 thereto filed with the Commission on December 21, 2004 (as amended from time to time, the "Schedule 13D"). Items 1, 2, 3, 4, 5, 6 and 7 of the Schedule 13D are hereby amended and restated as follows: Item 1. Security and Issuer. The class of equity securities to which the Schedule 13D relates is the Common Stock, par value $.01 per share ("Common Stock"), of Select Medical Corporation, a Delaware corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 4716 Old Gettysburg Road, Mechanicsburg, Pennsylvania 17055. Item 2. Identity and Background. (a) Name ---- This Schedule 13D is being filed on behalf of each of the following persons pursuant to Rule 13d-1(k) promulgated by the Commission pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"): EGL Holding Company, a Delaware corporation ("Holdings"), Welsh, Carson, Anderson & Stowe IX, L.P., a Delaware limited partnership ("WCAS IX"), WCAS IX Associates, L.L.C., a Delaware limited liability company ("WCAS IX Associates"), Patrick J. Welsh, Russell L. Carson, Bruce K. Anderson, Thomas E. McInerney, Robert A. Minicucci, Anthony J. de Nicola, Thoma Cressey Fund VI, L.P., a Delaware limited partnership ("TCEP VI"), Thoma Cressey Friends Fund VI, L.P., a Delaware limited partnership ("TCEP Friends"), TC Partners VI, L.P., a Delaware limited partnership ("TC GP"), Thoma Cressey Equity Partners, Inc., a Delaware corporation ("TCEP"), Bryan C. Cressey, Kenneth Melkus, Rocco A. Ortenzio, Robert A. Ortenzio, John M. Ortenzio, Martin J. Ortenzio, the Martin J. Ortenzio Descendants Trust, the Ortenzio Family Foundation, Patricia A. Rice, Martin F. Jackson, S. Frank Fritsch, James J. Talalai, Michael E. Tarvin, Scott A. Romberger, Kenneth L. Moore, Joel T. Veit and Meyer Feldberg. WCAS IX is the sole stockholder of Holdings. Sean M. Traynor and Eric J. Lee are officers and the directors of Holdings. Russell L. Carson is also an officer of Holdings. WCAS IX Associates is the sole general partner of WCAS IX. Each of the following individuals are managing members of WCAS IX Associates: Patrick J. Welsh, Russell L. Carson, Bruce K. Anderson, Thomas E. McInerney, Robert A. Minicucci, Anthony J. de Nicola, Paul B. Queally, D. Scott Mackesy, Sanjay Swani, John D. Clark, James R. Matthews, Sean D. Traynor, John Almeida, and Jonathan M. Rather (collectively, the "WCAS Persons" and together with Eric J. Lee and Kenneth Melkus, the "WCAS Individuals"). The WCAS Individuals (other than Kenneth Melkus) are each employees of an affiliate of WCAS IX Associates. Kenneth Melkus is an individual who often co-invests with WCAS IX and its affiliates. Russell L. Carson is a director of the Issuer. TCEP is the general partner of TC GP and TC GP is the general partner of each of TCEP VI and TCEP Friends. Bryan C. Cressey (collectively with TCEP VI, TCEP Friends, TC GP and TCEP, the "TCEP Investors") is a principal at TCEP and a director of the Issuer. Each of Rocco A. Ortenzio, Robert A. Ortenzio Patricia A. Rice, Martin F. Jackson, S. Frank Fritsch, James J. Talalai, Michael E. Tarvin, Scott A. Romberger, Kenneth L. Moore, Joel T. Veit and Meyer Feldberg (collectively, the "SEM Persons") are directors and/or executive officers or employees of the Issuer. John M. Ortenzio and Martin J. Ortenzio are individuals related to Rocco A. Ortenzio and Robert A. Ortenzio and who often co-invest with Rocco A. Ortenzio and Robert A. Ortenzio. The Martin J. Ortenzio Descendants Trust is a trust for the benefit of Martin J. Ortenzio's children which has John M. Ortenzio as trustee. The Ortenzio Family Foundation (collectively with John M. Ortenzio, Martin J. Ortenzio and the Martin J. Ortenzio Descendants Trust, the "Other Ortenzio Investors") is a not-for-profit charitable foundation controlled by Rocco A. Ortenzio. (Page 33 of 44 Pages) The reporting persons are making this single, joint filing because they may be deemed to constitute a "group" within the meaning of Section 13(d)(3) of the Exchange Act. Each of the aforementioned reporting persons has entered into an Amended and Restated Joint Filing Agreement, a copy of which is filed with this Schedule 13D as Exhibit A, pursuant to which such persons have agreed to file this Schedule 13D jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Exchange Act. Information in this Schedule 13D with respect to each of the reporting persons is given solely by such reporting person, and no reporting person assumes responsibility for the accuracy or completeness of information provided by another reporting person. (b) Principal Address ----------------- The principal address of each of Holdings, WCAS IX, WCAS IX Associates and each WCAS Individual (other than Kenneth Melkus) is c/o Welsh, Carson, Anderson & Stowe, 320 Park Avenue, Suite 2500, New York, New York 10022. The principal address of Kenneth Melkus is 102 Woodmont Blvd., Suite 100, Nashville, Tennessee 37203. The principal address of each TCEP Investor is 233 Wacker Drive, 92nd Floor, Chicago, Illinois 60606. The principal address of each SEM Person is c/o Select Medical Corporation, 4716 Old Gettysburg Road, Mechanicsburg, Pennsylvania 17055. The principal address of each of the Other Ortenzio Investors is 4716 Old Gettysburg Road, Mechanicsburg, Pennsylvania 17055. (c) Principal Business ------------------ The principal business of Holdings will be the acquisition of the outstanding shares of the Issuer (as described in Item 4 below). The principal business of WCAS IX is that of an investment limited partnership. The principal business of WCAS IX Associates is that of general partner of WCAS IX. The principal business of each WCAS Individual (other than Kenneth Melkus) is that of an employee of an affiliate of WCAS IX Associates and, other than Eric J. Lee and Kenneth Melkus, a managing member of WCAS IX Associates. The principal business of Kenneth Melkus is that of a private investor. The principal business of TCEP VI and TCEP Friends is that of an investment limited partnership. The principal business of TC GP is that of general partner of TCEP VI and TCEP Friends. The principal business of TCEP is that of general partner of TC GP and other similar partnerships. The principal business of Bryan C. Cressey is that of a principal of TCEP. The principal business of each SEM Person is that of a director and/or executive officer or employee of the Issuer. The principal business of John M. Ortenzio is real estate development. The principal business of Martin J. Ortenzio is that of a party supply store owner. The principal business of the Martin J. Ortenzio Descendants Trust is that of a trust for the benefit of Martin J. Ortenzio's children. The principal business of the Ortenzio Family Foundation is that of a charitable organization. (d and e) No Convictions or Proceedings. ----------------------------- During the last five years, none of the reporting persons or other individuals for which information has been provided in this Item 2, as applicable: (i) has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in his being subject to a judgment, decree or final order enjoining future violations of, (Page 34 of 44 Pages) or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Citizenship ----------- Each WCAS Individual (other than D. Scott Mackesy), Bryan C. Cressey, each SEM Person, John M. Ortenzio and Martin J. Ortenzio is a citizen of the United States. D. Scott Mackesy is a citizen of Canada. Item 3. Source and Amount of Funds or Other Consideration. Holdings, WCAS IX and WCAS IX Associates may be deemed to have acquired beneficial ownership of 8,455,392 shares of Common Stock pursuant to (a) the Agreement, dated October 17, 2004 (the "Initial Rollover Agreement"), between Holdings, the TCEP Investors and certain of the SEM Persons, (b) the Agreement, dated December 20, 2004 (the "Subsequent Rollover Agreement"), between Holdings and certain of the SEM Persons, (c) the Agreement, dated January 13, 2005 (collectively with the Initial Rollover Agreement and Subsequent Rollover Agreement, the "Rollover Agreements"), between Holdings, certain of the SEM Persons and the Other Ortenzio Investors and (d) an understanding among Holdings and the WCAS Individuals who are reporting persons. However, such reporting persons expressly disclaim beneficial ownership of the shares of Common Stock covered by the Rollover Agreements or such understanding. Subject to the terms of the Rollover Agreements, each TCEP Investor, each SEM Person and each Other Ortenzio Investor has agreed to (i) contribute certain of their shares of Common Stock to Holdings prior to the consummation of the Merger (as defined in Item 4 below) and in return receive equity interests in Holdings, (ii) enter into certain agreements with Holdings, WCAS IX and other equity investors selected by Holdings with respect to such contribution and (iii) not to transfer any such shares of Common Stock prior to consummation of the Merger without the consent of Holdings. Any contributed shares will be cancelled in the Merger. In addition, pursuant to such agreements, the SEM Persons who are employees of the Issuer will execute various restricted stock award and employment agreements as well as receive other cash incentives in connection with their continuing employment by the surviving corporation following consummation of the Merger. The foregoing descriptions of the Rollover Agreements are qualified in their entirety by reference to such agreements, copies of which are attached hereto as Exhibits B, I and J, respectively, and are incorporated herein by reference. To the extent any WCAS Individual who is a reporting person directly beneficially owns any shares of Common Stock (as set forth in Item 5 below), such shares were purchased by such reporting person using such reporting person's personal funds or received pursuant to distributions made to such reporting person by investment partnerships affiliated with WCAS IX. To the extent any TCEP Investor directly beneficially owns any shares of Common Stock (as set forth in Item 5 below), such shares were purchased by each such reporting person using such reporting person's personal funds. To the extent any SEM Person directly beneficially owns any shares of Common Stock (as set forth in Item 5 below), such shares were purchased, directly or indirectly, by such reporting person using such reporting person's personal funds or pursuant to the cashless exercise of options. To the extent any Other Ortenzio Investor (other then the Ortenzio Family Foundation) directly beneficially owns any shares of Common Stock (as set forth in Item 5 below), such shares were purchased by such reporting person using such reporting peron's personal funds or working capital. To the extent the Ortenzio Family Foundation directly beneficially owns any shares of Common Stock (as set forth in Item 5 below), such shares were contributed to such reporting person by Rocco A. Ortenzio. Item 4. Purpose of Transaction. (a through j) On October 17, 2004, Holdings, EGL Acquisition Corp., a Delaware corporation ("Acquisition"), and the Issuer entered into an Agreement and Plan of Merger, a copy of which is attached hereto as Exhibit C (the "Merger Agreement"), pursuant to which Acquisition, a wholly owned subsidiary of Holdings, will be merged with and into the Issuer, with the Issuer continuing as the surviving corporation (the "Merger"). Following the (Page 35 of 44 Pages) consummation of the Merger, the Issuer will be a wholly owned subsidiary of Holdings. Under the terms of the Merger Agreement, each existing share of Common Stock, other than shares held by WCAS IX or its affiliates, treasury shares and dissenting shares, will be converted into the right to receive $18.00 in cash (the "Merger Consideration"). In addition, all outstanding options for Common Stock will be converted into the right to receive the Merger Consideration less the exercise price of such options. The Merger remains subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement, including obtaining approval of the existing shareholders of the Issuer. Pursuant to the Merger Agreement, the board of directors of Acquisition at the effective time of the Merger will become the board of directors of the Issuer. In addition, at the effective time of the Merger, the certificate of incorporation of the Issuer will be amended and restated at the effective time of the Merger to conform to an exhibit attached to the Merger Agreement (the bylaws of the Issuer will not change). If the Merger is consummated, the Common Stock will be delisted from the New York Stock Exchange and will be deregistered under Section 12(g)(4) of the Exchange Act. The foregoing description of the Merger Agreement is qualified in its entirety by reference to such agreement, a copy of which is attached hereto as Exhibit C, and is incorporated herein by reference. In addition to the transactions contemplated by the Rollover Agreements, the Merger is expected to be financed by equity investments in Holdings to be made by certain of the reporting persons and related investors, certain loan arrangements to be entered into by Holdings and the Issuer with JP Morgan Chase Bank, Wachovia Bank, National Association and Merrill Lynch Capital Corporation (collectively, the "Lenders"), and a loan to be made to Holdings by WCAS Capital Partners IV, L.P., a Delaware limited partnership ("WCAS CP IV") and an affiliate of WCAS IX. The specific investments and loans are discussed below. Pursuant to an Equity Commitment Letter, dated as of October 17, 2004 (the "WCAS Equity Commitment Letter"), by and between Holdings and WCAS IX, a copy of which is attached hereto as Exhibit D, WCAS IX and certain related investors, including the WCAS Persons, will provide up to $567.2 million in cash to Holdings in return for equity interests in Holdings. The cash proceeds of such investment will be contributed by Holdings to Acquisition to finance a portion of the consideration for the Merger. Also, Holdings has an understanding with the WCAS Individuals who are reporting persons that such WCAS Individuals will contribute certain of their shares of Common Stock to Holdings prior to the consummation of the Merger and in return receive equity interests in Holdings. Any contributed shares will be cancelled in the Merger. In addition, pursuant to the WCAS Equity Commitment Letter, a designee of WCAS IX, as agent for various entities, will receive a financing fee equal to $24.6 million and WCAS IX and its affiliates will be reimbursed for all of their out-of-pocket fees and expenses. Pursuant to an Equity Commitment Letter, dated as of October 17, 2004 (the "TCEP Equity Commitment Letter"), by and between Holdings and Thoma Cressey Fund VII, L.P., a Delaware limited partnership ("TCEP VII"), a copy of which is attached hereto as Exhibit E, TCEP VII and certain related investors, each of which are affiliates of one or more of the TCEP Investors, will provide up to $50.0 million in cash to Holdings in return for equity interests in Holdings. The cash proceeds of such investment will be contributed by Holdings to Acquisition to finance a portion of the consideration for the Merger. In addition, WCAS IX and TCEP VII have an understanding that TCEP VII, or its designee will be entitled to receive a portion of the financing fee payable pursuant to the WCAS Equity Commitment Letter and TCEP VII and its affiliates will be reimbursed for all of their out-of-pocket fees and expenses. Pursuant to a Senior Secured Credit Facilities and Senior Subordinated Bridge Facility Commitment Letter, dated October 17, 2004, as amended and restated as of December 20, 2004 (the "Debt Commitment Letter"), by and among Holdings and the Lenders, a copy of which is attached hereto as Exhibit F, the Lenders have agreed to provide (i) a $580.0 million senior secured term loan facility and (ii) a $300.0 million revolving credit facility (collectively, the "Bank Facility"). The Debt Commitment Letter contemplates that the Issuer and/or Holdings will issue an aggregate $660.0 million unsecured senior subordinated notes (the "Notes") pursuant to a Rule 144A offering. In the event that the Notes are not issued at the time the Merger is consummated, the Lenders have agreed to provide a bridge loan facility in the amount of up $660.0 million under a senior unsecured credit facility (the "Bridge Facility"). The Bank Facility and the Bridge Facility are expected to contain customary terms and conditions, including, without (Page 36 of 44 Pages) limitation, with respect to fees, indemnification and events of default. A portion of the proceeds of these loan arrangements will be used to finance a portion of the consideration for the Merger. Pursuant to a Commitment Letter, dated as of October 17, 2004 (the "CP IV Commitment Letter"), by and between Holdings and WCAS CP IV, a copy of which is attached hereto as Exhibit G, WCAS CP IV will provide up to $150.0 million in cash to Holdings in return for a senior subordinated note. The cash proceeds of such loan will be contributed by Holdings to Acquisition to finance a portion of the consideration for the Merger. In addition, in consideration for making this loan, WCAS CP IV will receive an agreed upon amount of equity interests in Holdings. Pursuant to the CP IV Commitment Letter, WCAS CP IV and its affiliates will be reimbursed for all of their out-of-pocket fees and expenses. We expect that Rocco A. Ortenzio, Robert A. Ortenzio and the Other Ortenzio Investors will purchase up to $10.0 million of this senior subordinated note. In addition, in connection with the Merger, WCAS IX, Holdings and the Issuer entered into a Contingency Letter Agreement, dated October 17, 2004 (the "Contingency Letter"), a copy of which is attached hereto as Exhibit H, pursuant to which WCAS IX agreed that, in the event the Issuer terminates the Merger Agreement and such termination arises from a knowing and willful breach of the Merger Agreement by Acquisition and/or Holdings, it will make an equity contribution to Holdings of up to $10.0 million to satisfy any liabilities of Holdings or Acquisition resulting from such knowing or willful. The foregoing descriptions of the WCAS Equity Commitment Letter, the TCEP Equity Commitment Letter, the Debt Commitment Letter, the CP IV Commitment Letter and the Contingency Letter are qualified in their entirety by reference to such agreements, copies of which are attached as Exhibits D, E, F, G and H, respectively, and are incorporated herein by reference. Item 5. Interest in Securities of the Issuer. The following information is based on a total of 101,954,273 shares of Common Stock outstanding as of January 1, 2005. (a through b) As of the date of filing, no reporting person may be deemed to beneficially own any shares of Common Stock except as may be due to being part of a "group" within the meaning of Section 13(d) of the Exchange Act or as may be set forth below. Each reporting person has sole voting power with respect to and sole power to dispose of the shares set forth below that are directly beneficially owned by such reporting person. Each reporting person expressly disclaims beneficial ownership of any shares which are held by related investors, except to the extent of such reporting person's pecuniary interest in such related investor. Holdings, WCAS IX, WCAS IX Associates and the WCAS Individuals -------------------------------------------------------------- Holdings, WCAS IX and WCAS IX Associates may be deemed to have acquired beneficial ownership of 8,438,392 shares of Common Stock pursuant to (a) the Rollover Agreements and (b) an understanding among Holdings and the WCAS Individuals who are reporting persons. However, such reporting persons expressly disclaim beneficial ownership of the shares of Common Stock covered by the Rollover Agreements or such understanding. Holdings, WCAS IX, WCAS IX Associates and the WCAS Individuals do not directly own any shares of Common Stock other than as set forth below. (i) Patrick J. Welsh directly owns 125,000 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (ii) Russell L. Carson directly owns 726,960 shares of Common Stock (including 4,000 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), or less than 1.0% of the Common Stock outstanding. (iii) Bruce K. Anderson directly owns 618,910 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (Page 37 of 44 Pages) (iv) Thomas E. McInerney directly owns 450,984 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (v) Robert A. Minicucci directly owns 88,626 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (vi) Anthony J. de Nicola directly owns 19,483 shares of Common Stock (including 12,239 shares held by a foundation he controls), or less than 1.0% of the Common Stock outstanding. (vii) Kenneth Melkus indirectly beneficially owns 38,845 shares of Common Stock issued to entities controlled by Mr. Melkus, or less than 1.0% of the Common Stock outstanding. TCEP Investors -------------- As general partner of TCEP VI and TCEP Friends, TC GP may be deemed to beneficially own the shares of the Common Stock beneficially owned by such entities, and as general partner of TC GP, TCEP may also be deemed to beneficially own such shares. In addition, Bryan C. Cressey is a principal of TCEP and may be deemed to beneficially own the shares of Common Stock beneficially owned by TCEP VI, TCEP Friends and TCEP. The TCEP Investors do not directly own any shares of Common Stock other than as set forth below. (i) TCEP VI directly owns 2,077,818 shares of Common Stock, or approximately 2.1% of the Common Stock outstanding. (ii) TCEP Friends directly owns 20,778 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (iii) Bryan C. Cressey directly owns 218,092 shares of Common Stock (including 4,800 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), or less than 1.0% of the Common Stock outstanding. SEM Persons ----------- (i) Rocco A. Ortenzio directly owns 12,151,025 shares of Common Stock (including 7,778,000 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), and indirectly beneficially owns, through relationships he has with various other investors, an additional 418,266 shares of Common Stock of which he shares voting power and the power to dispose with such other investors, for an aggregate 12,569,291 shares of Common Stock, or approximately 11.5% of the Common Stock outstanding. (ii) Robert A. Ortenzio directly owns 5,403,336 shares of Common Stock (including 3,703,336 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), and indirectly beneficially owns, through relationships he has with various other investors, an additional 459,284 shares of Common Stock of which he shares voting power and the power to dispose with such other investors, for an aggregate 5,862,620 shares of Common Stock, or approximately 5.6% of the Common Stock outstanding. (iii) Patricia A. Rice directly owns 539,603 shares of Common Stock (including 538,603 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), and indirectly beneficially owns an additional 200,000 shares of (Page 38 of 44 Pages) Common Stock through a living trust, for an aggregate 739,603 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (iv) Martin F. Jackson directly owns 637,770 shares of Common Stock (including 540,770 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), and indirectly beneficially owns an additional 4,000 shares of Common Stock held by his children, for an aggregate 641,770 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (v) S. Frank Fritsch directly owns 258,936 shares of Common Stock (including 171,390 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), or less than 1.0% of the Common Stock outstanding. (vi) Michael E. Tarvin directly owns 160,818 shares of Common Stock (including 157,294 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), or less than 1.0% of the Common Stock outstanding. (vii) James J. Talalai directly owns 170,932 shares of Common Stock (including 156,608 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), or less than 1.0% of the Common Stock outstanding. (viii) Scott A. Romberger directly owns 149,771 shares of Common Stock (including 50,969 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), or less than 1.0% of the Common Stock outstanding. (ix) Kenneth L. Moore directly owns 171,617 shares of Common Stock (including 33,321 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), or less than 1.0% of the Common Stock outstanding. (x) Joel T. Veit directly owns 38,159 shares of Common Stock (including 32,399 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), and indirectly beneficially owns an additional 4,000 shares of Common Stock held by his wife, for an aggregate 42,159 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (xi) Meyer Feldberg directly owns 37,440 shares of Common Stock (including 23,120 shares issuable upon exercise of presently-exercisable stock options or options exercisable within the next 60 days), or less than 1.0% of the Common Stock outstanding. Other Ortenzio Investors ------------------------ (i) John M. Ortenzio directly owns 457,406 shares of Common Stock and indirectly beneficially owns an additional 15,000 shares of Common Stock held with his wife, for an aggregate 472,406 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (ii) Martin J. Ortenzio directly owns 284,676 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (iii) The Martin J. Ortenzio Descendants Trust directly owns 191,958 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (iv) The Ortenzio Family Foundation directly owns 380,386 shares of Common Stock, or less than 1.0% of the Common Stock outstanding. (Page 39 of 44 Pages) (c) Except as described in Item 3 above, none of the reporting persons has effected any transactions in the Common Stock in the 60 days prior to the date of this statement. (d) Except as described in this Schedule 13D, no person has the power to direct the receipt of dividends on or the proceeds of sales of, the shares of Common Stock owned by the reporting persons. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Except as described in this Schedule 13D or the Exhibits hereto, or with respect to the SEM Persons, in their filings pursuant to Section 16 filed prior to the date hereof, none of the reporting persons or other individuals for which information has been provided in Item 2 presently have any contracts, arrangements, understandings or relationships with respect to the securities of the Issuer. Item 7. Material to be Filed as Exhibits. A. Amended and Restated Joint Filing Agreement dated January 14, 2005. B. Initial Rollover Agreement (previously filed with the original Schedule 13D on October 20, 2004). C. Merger Agreement (previously filed with the original Schedule 13D on October 20, 2004). D. WCAS Equity Commitment Letter (previously filed with the original Schedule 13D on October 20, 2004). E. TCEP Equity Commitment Letter (previously filed with the original Schedule 13D on October 20, 2004). F. Debt Commitment Letter (previously filed with Amendment No. 1 to the Schedule 13D on December 21, 2004). G. CP IV Commitment Letter (previously filed with the original Schedule 13D on October 20, 2004). H. Contingency Letter (previously filed with the original Schedule 13D on October 20, 2004). I. Subsequent Rollover Agreement (previously filed with Amendment No. 1 to the Schedule 13D on December 21, 2004). J. Agreement, dated January 13, 2005, among Holdings, certain of the SEM Persons and the Other Ortenzio Investors. (Page 40 of 44 Pages) SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: January 14, 2005 EGL HOLDING COMPANY By: /s/ Sean M. Traynor ----------------------------------------------------- President WELSH, CARSON, ANDERSON & STOWE IX, L.P. By: WCAS IX Associates, LLC, General Partner By: /s/ Jonathan M. Rather ----------------------------------------------------- Managing Member WCAS IX ASSOCIATES, LLC By: /s/ Jonathan M. Rather ----------------------------------------------------- Managing Member /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Patrick J. Welsh /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Russell L. Carson /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Bruce K. Anderson /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Thomas E. McInerney /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Robert A. Minicucci /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Anthony J. deNicola /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Kenneth Melkus (Page 41 of 44 Pages) THOMA CRESSEY FUND VI, L.P. By: TC Partners VI, L.P., General Partner By: Thoma Cressey Equity Partners, Inc., General Partner By: /s/ Bryan C. Cressey ----------------------------------------------------- Vice President THOMA CRESSEY FRIENDS FUND VI, L.P. By: TC Partners VI, L.P., General Partner By: Thoma Cressey Equity Partners, Inc., General Partner By: /s/ Bryan C. Cressey ----------------------------------------------------- Vice President TC PARTNERS VI, L.P. By: Thoma Cressey Equity Partners, Inc., General Partner By: /s/ Bryan C. Cressey ----------------------------------------------------- Vice President THOMA CRESSEY EQUITY PARTNERS, INC. By: /s/ Bryan C. Cressey ----------------------------------------------------- Vice President /s/ Bryan C. Cressey ----------------------------------------------------- Bryan C. Cressey (Page 42 of 44 Pages) /s/ Rocco A. Ortenzio ----------------------------------------------------- Rocco A. Ortenzio /s/ Robert A. Ortenzio ----------------------------------------------------- Robert A. Ortenzio /s/ Patricia A. Rice ----------------------------------------------------- Patricia A. Rice /s/ Martin F. Jackson ----------------------------------------------------- Martin F. Jackson /s/ S. Frank Fritsch ----------------------------------------------------- S. Frank Fritsch /s/ Michael E. Tarvin ----------------------------------------------------- Michael E. Tarvin /s/ James J. Talalai ----------------------------------------------------- James J. Talalai /s/ Scott A. Romberger ----------------------------------------------------- Scott A. Romberger /s/ Kenneth L. Moore ----------------------------------------------------- Kenneth L. Moore /s/ Joel T. Veit ----------------------------------------------------- Joel T. Veit /s/ Meyer Feldberg ----------------------------------------------------- Meyer Feldberg (Page 43 of 44 Pages) /s/ John M. Ortenzio ----------------------------------------------------- John M. Ortenzio /s/ Martin J. Ortenzio ----------------------------------------------------- Martin J. Ortenzio MARTIN J. ORTENZIO DESCENDANTS TRUST /s/ John M. Ortenzio ----------------------------------------------------- Name: John M. Ortenzio Title: Trustee ORTENZIO FAMILY FOUNDATION /s/ John M. Ortenzio ----------------------------------------------------- Name: John M. Ortenzio Title: Trustee EX-99.A4 2 exha_01132005-select.txt A&R AGREEMENT REGARDING THE JOINT FILING Exhibit A --------- AMENDED AND RESTATED AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13D ------------------------------ The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13D to which this Exhibit is attached, and such Schedule 13D is filed on behalf of each of them; and (ii) Each of them is responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Dated: January 14, 2005 EGL HOLDING COMPANY By: /s/ Sean M. Traynor -------------------------------------------------- President WELSH, CARSON, ANDERSON & STOWE IX, L.P. By: WCAS IX Associates, LLC, General Partner By: /s/ Jonathan M. Rather -------------------------------------------------- Managing Member WCAS IX ASSOCIATES, LLC By: /s/ Jonathan M. Rather -------------------------------------------------- Managing Member /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Patrick J. Welsh /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Russell L. Carson /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Bruce K. Anderson /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Thomas E. McInerney /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Robert A. Minicucci /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Anthony J. deNicola /s/ Jonathan M. Rather ----------------------------------------------------- Attorney-in-Fact/Kenneth Melkus THOMA CRESSEY FUND VI, L.P. By: TC Partners VI, L.P., General Partner By: Thoma Cressey Equity Partners, Inc., General Partner By: /s/ Bryan C. Cressey -------------------------------------------------- Vice President THOMA CRESSEY FRIENDS FUND VI, L.P. By: TC Partners VI, L.P., General Partner By: Thoma Cressey Equity Partners, Inc., General Partner By: /s/ Bryan C. Cressey -------------------------------------------------- Vice President TC PARTNERS VI, L.P. By: Thoma Cressey Equity Partners, Inc., General Partner By: /s/ Bryan C. Cressey -------------------------------------------------- Vice President THOMA CRESSEY EQUITY PARTNERS, INC. By: /s/ Bryan C. Cressey -------------------------------------------------- Vice President /s/ Bryan C. Cressey ----------------------------------------------------- Bryan C. Cressey /s/ Rocco A. Ortenzio ----------------------------------------------------- Rocco A. Ortenzio /s/ Robert A. Ortenzio ----------------------------------------------------- Robert A. Ortenzio /s/ Patricia A. Rice ----------------------------------------------------- Patricia A. Rice /s/ Martin F. Jackson ----------------------------------------------------- Martin F. Jackson /s/ S. Frank Fritsch ----------------------------------------------------- S. Frank Fritsch /s/ Michael E. Tarvin ----------------------------------------------------- Michael E. Tarvin /s/ James J. Talalai ----------------------------------------------------- James J. Talalai /s/ Scott A. Romberger ----------------------------------------------------- Scott A. Romberger /s/ Kenneth L. Moore ----------------------------------------------------- Kenneth L. Moore /s/ Joel T. Veit ----------------------------------------------------- Joel T. Veit /s/ Meyer Feldberg ----------------------------------------------------- Meyer Feldberg /s/ John M. Ortenzio ----------------------------------------------------- John M. Ortenzio /s/ Martin J. Ortenzio ----------------------------------------------------- Martin J. Ortenzio MARTIN J. ORTENZIO DESCENDANTS TRUST /s/ John M. Ortenzio ----------------------------------------------------- Name: John M. Ortenzio Title: Trustee ORTENZIO FAMILY FOUNDATION /s/ John M. Ortenzio ----------------------------------------------------- Name: John M. Ortenzio Title: Trustee EX-99.A4 3 exhj_01132005-select.txt AGREEMENT Exhibit J --------- AGREEMENT AGREEMENT, dated as of January 13, 2005 (this "Agreement"), by and among EGL HOLDING COMPANY, a Delaware corporation ("Parent"), and the several individuals named on Schedule I hereto (each a "Rollover Investor" and collectively, the "Rollover Investors" ). W I T N E S S E T H: - - - - - - - - - - WHEREAS, on October 17, 2004, Parent, EGL Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Parent ("Acquisition"), and Select Medical Corporation, a Delaware corporation ("SEM"), entered into an Agreement and Plan of Merger (the "Merger Agreement") pursuant to which, upon the terms and subject to the conditions set forth therein, Acquisition will merge with and into SEM (the "Merger") with SEM continuing as the surviving corporation; WHEREAS, on or prior to the closing of the Merger (the "Closing"), the Certificate of Incorporation of Parent will be amended and restated in substantially the form of Exhibit A hereto (the "Restated Parent Charter"), and pursuant to the Restated Parent Charter, the authorized capital stock of Parent will consist of (i) Participating Preferred Stock, par value $0.001 per share ("Parent Preferred Stock"), and (ii) Common Stock, par value $0.001 per share ("Parent Common Stock"); WHEREAS, each Rollover Investor is the beneficial owner of at least the number of shares of Common Stock, par value $.01 per share, of SEM ("SEM Common Stock"), set forth opposite such Rollover Investor's name on Schedule I hereto under the heading "Rollover Shares" (the "Rollover Shares"); and WHEREAS, each of the Rollover Investors, acting severally and not jointly, is willing to contribute such Rollover Investor's Rollover Shares to Parent in exchange for newly issued shares of Parent Preferred Stock and Parent Common Stock (the "New Parent Shares"), upon the terms and subject to the conditions set forth herein. NOW, THEREFORE, the parties hereto agree as follows: ARTICLE I. AGREEMENTS ---------- SECTION 1.01. Rollover. Prior to the Closing, each Rollover Investor will enter into a stock subscription and exchange agreement with Parent, Welsh, Carson, Anderson & Stowe IX, L.P. and other equity investors selected by Parent, in substantially the form set forth in Exhibit B hereto (the "Stock Subscription Agreement"), and will contribute such Rollover Investor's Rollover Shares to Parent in exchange for New Parent Shares on the terms and conditions set forth in the Stock Subscription Agreement (each such Rollover Investor to be a Schedule III Purchaser (as defined in the Stock Subscription Agreement) thereunder). For purposes of each such exchange of shares of SEM Common Stock for New Parent Shares, the value of the shares of SEM Common Stock contributed by each Rollover Investor to Parent shall be $18.00 per share (i.e., an amount equal to the consideration per share of SEM Common Stock payable in the Merger). SECTION 1.02. Stockholders Agreement and Registration Rights Agreement. As contemplated by the Stock Subscription Agreement, prior to the Closing Date, each Rollover Investor will enter into a stockholders agreement, in substantially the form set forth in Exhibit C hereto, and a registration rights agreement, in substantially the form set forth in Exhibit D hereto, in each case with Parent, Welsh, Carson, Anderson & Stowe IX, L.P. and other equity investors selected by Parent. SECTION 1.03. Employment Agreements and Acknowledgements. ------------------------------------------ (a) At or prior to the Closing, Kenneth L. Moore also agrees to enter into an amended employment agreement, which amends the terms of such Rollover Investor's existing employment agreement and any other change of control, severance or similar agreement with SEM (each, an "Existing Employment Agreement") to reflect the acknowledgments and agreements set forth in clauses (i) and (ii) of Section 1.03(b) below and such other changes as are reasonably acceptable to such Rollover Investor and Parent. (b) Such Rollover Investor acknowledges and agrees (i) that the Merger and other transactions contemplated by the Merger Agreement will not be treated as a "Change of Control" under the relevant provisions of any Existing Employment Agreement with such Rollover Investor, and (ii) to forgo any change of control or similar payments such Rollover Investor would be entitled to receive under such provisions, if the Merger or other transactions contemplated by the Merger Agreement or this Agreement would have been treated as such a "Change of Control" (including any gross-up or payments for, or to reimburse such Rollover Investor for, excise taxes resulting from such payments or other benefits provided under such an Existing Employment Agreement or otherwise in connection with the Merger and other transactions contemplated by the Merger Agreement or this Agreement). For the avoidance of doubt, it is understood that such provisions shall remain in effect with respect to any future Change of Control as defined therein. SECTION 1.04. Restrictions on Transfers. Each Rollover Investor agrees that, without the prior written consent of Parent, it will not make any transfer, sale, assignment, pledge, hypothecation or other disposition (including by operation of law), whether directly or indirectly pursuant to the creation of a derivative security, the grant of an option or other right or the imposition of a restriction on disposition or voting (in each case, a "Transfer"), of any of its Rollover Shares. ARTICLE II. REPRESENTATION AND WARRANTIES ----------------------------- SECTION 2.01. Parent Representations. Parent represents and warrants to each Rollover Investor that: 2 (a) Existence. Parent is a corporation duly organized, validly existing and in good standing under the laws of the state of Delaware. (b) Authorization; Power; Validity. The execution and delivery by Parent of this Agreement and the consummation of the transactions contemplated hereby are within Parent's powers and have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Parent. This Agreement constitutes a valid and binding agreement of Parent, enforceable against Parent in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors' rights generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies. SECTION 2.02. Rollover Investor Representations. Each Rollover Investor, severally and not jointly, and solely with respect to such Rollover Investor, represents and warrants to Parent that: (a) Existence. Such Rollover Investor (if not a natural person) is a corporation, limited partnership, limited liability company, government pension plan or other entity, as the case may be, duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. (b) Authorization; Power; Validity. The execution and delivery by such Rollover Investor (if not a natural person) of this Agreement and the consummation of the transactions contemplated hereby are within such Rollover Investor's powers and have been duly authorized by all necessary action on the part of such Rollover Investor. This Agreement has been duly executed and delivered by such Rollover Investor. This Agreement constitutes a valid and binding agreement of such Rollover Investor, enforceable against such Rollover Investor in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors' rights generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies. (c) Title to Rollover Shares. Such Rollover Investor has good and valid title to the Rollover Shares to be contributed to Parent pursuant to Section 1.01, free and clear of all claims, liens and encumbrances. ARTICLE III. MISCELLANEOUS ------------- SECTION 3.01. Condition Precedent. For purposes of Section 203 of the Delaware General Corporation Law, this Agreement, including the Exhibits hereto, and the respective obligations of each of the parties hereto is subject to the approval of the Board of Directors of SEM, upon the recommendation of the Special Committee (as defined in the Merger Agreement), and upon such approval this Agreement shall thereafter be binding on the parties. 3 SECTION 3.02. Termination. This Agreement shall be terminated, and the transactions contemplated hereby abandoned at any time prior to the consummation of the Merger, upon the Merger Agreement being terminated in accordance with its terms. If this Agreement is terminated as permitted by this Section 3.02, such termination shall be without liability of any party (or any stockholder, subsidiary, general partner, limited partner, member, director, officer, trustee, employee, agent, consultant or representative of such party) to any of the other parties to this Agreement and this Agreement shall become void and of no further force or effect. SECTION 3.03. Notices. Any notice or communication required or permitted hereunder shall be in writing and shall be delivered personally, delivered by nationally recognized overnight courier service for next day delivery, sent by certified or registered mail, postage prepaid, or sent by facsimile (subject to electronic confirmation of such facsimile transmission). Any such notice or communication shall be deemed to have been given (i) when delivered, if personally delivered, (ii) one business day after it is deposited with a nationally recognized overnight courier service, if sent by nationally recognized overnight courier service, (iii) the day of sending, if sent by facsimile prior to 5:00 p.m. (EST) on any business day or the next succeeding business day if sent by facsimile after 5:00 p.m. (EST) on any business day or on any day other than a business day or (iv) five business days after the date of mailing, if mailed by certified or registered mail, postage prepaid, in each case, to the following address or facsimile number, or to such other addressee, address or facsimile number as such party may subsequently designate to the other parties by notice given hereunder: if to Parent, to it at: EGL Holding Company c/o Welsh, Carson, Anderson & Stowe IX, L.P. 320 Park Avenue, Suite 2500 New York, New York 10022 Attention: Sean M. Traynor Facsimile: (212) 893-9583 and with an additional copy to: Ropes & Gray LLP 45 Rockefeller Plaza New York, New York 10111 Attention: Othon A. Prounis, Esq. Facsimile: (212) 841-5725 if to any Rollover Investor, to such Rollover Investor at the address set forth for such Rollover Investor on Schedule I hereto. SECTION 3.04. Amendments and Waivers. Any provision of this Agreement (or any Schedule or Exhibit to this Agreement) may be amended or waived if, but only if, such amendment or waiver is in writing and, in the case of an amendment, signed by (i) Parent and (ii) a majority-in-interest of the Rollover Investors (determined by reference to the number of 4 Rollover Shares to be contributed to Parent hereunder) or, in the case of a waiver, signed by the party against whom the waiver is to be effective. Notwithstanding the foregoing, Schedule I hereto can be amended by a written instrument signed only by Parent and each Rollover Investor affected thereby and the Exhibits to this Agreement can be amended by a written instrument signed only by Parent so long as such amendment treats all Schedule I Purchasers, Schedule II Purchasers, Schedule III Purchasers and Schedule IV Purchasers (each, as defined in the Subscription Agreement) equally or does not adversely affect any of Schedule III Purchasers (as defined in the Stock Subscription Agreement). No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. SECTION 3.05. Expenses. Except as may otherwise be agreed in writing by Parent, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such cost or expense. SECTION 3.06. Successors and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. No party hereto shall assign this Agreement or any of its rights, interests or obligations hereunder without the prior written consent of Parent and any purported assignment without such consent shall be invalid and of no effect. SECTION 3.07. Governing Law. This Agreement, and all claims arising hereunder or relating hereto, shall be governed and construed and enforced in accordance with the laws of the State of New York without giving effect to its conflicts of laws principles. SECTION 3.08. Jurisdiction. The parties hereto agree that any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby or thereby may only be brought in the United States District Court for the Southern District of New York or any New York State court sitting in New York County, New York, and each of the parties hereby consents to the exclusive jurisdiction of such courts in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding which is brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any party anywhere in the world, and each party agrees that, in addition to any method of service of process otherwise permitted by law, service of process on each party may be made by any method for giving such party notice as provided in Section 3.03, and shall be deemed effective service of process on such party. SECTION 3.09. Waiver Of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 5 SECTION 3.10. Specific Performance. The parties hereto acknowledge and agree that any breach or threatened breach of the terms of this Agreement would give rise to irreparable harm for which money damages would not be an adequate remedy and accordingly the parties agree that, in addition to any other remedies, each party shall be entitled to enforce the terms of this Agreement by a decree of specific performance without the necessity of proving the inadequacy of money damages as a remedy. SECTION 3.11. Entire Agreement. This Agreement, including the Schedules and Exhibits hereto, constitutes the entire agreement, arrangement and understanding of the parties hereto with respect to the subject matter hereof, including without limitation all arrangements among the parties relating to the shares of SEM Common Stock held by each Rollover Investor, and there are no other agreements, arrangements or understandings among the parties hereto with respect to the subject matter hereof. SECTION 3.12. Counterparts; Third Party Beneficiaries. This Agreement may be executed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. No provision of this Agreement shall confer upon any person other than the parties hereto any rights or remedies hereunder. [SIGNATURE PAGES FOLLOW] 6 IN WITNESS WHEREOF, each of the parties hereto has duly executed and delivered this Agreement as of the day and year first above written. PARENT: EGL HOLDING COMPANY By: /s/ Sean Traynor -------------------------------------- Name: Sean Traynor Title: Chief Executive Officer ROLLOVER INVESTORS: /s/ Kenneth L. Moore ----------------------------------------- Kenneth L. Moore /s/ Joel T. Veit ----------------------------------------- Joel T. Veit e /s/ Meyer Feldberg ----------------------------------------- Meyer Feldberg /s/ John M. Ortenzio ----------------------------------------- John M. Ortenzio /s/ Martin J. Ortenzio ----------------------------------------- Martin J. Ortenzio MARTIN J. ORTENZIO DESCENDANTS TRUST By: /s/ John M. Ortenzio ----------------------------------------- Name: John M. Ortenzio Title: Trustee ORTENZIO FAMILY FOUNDATION By: /s/ John M. Ortenzio ----------------------------------------- Name: John M. Ortenzio Title: Trustee