-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q1LQ6XIDquMf4X4MTJJ6dmnN9qsuW4fgKHB18IaEXzcBPD1oQYv2f6OnKY8Skojr TPqlQte0t7RFC6vTvnp+lg== 0000831967-97-000029.txt : 19971110 0000831967-97-000029.hdr.sgml : 19971110 ACCESSION NUMBER: 0000831967-97-000029 CONFORMED SUBMISSION TYPE: SC 13E4/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971107 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KINETIC CONCEPTS INC /TX/ CENTRAL INDEX KEY: 0000831967 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FURNITURE & FIXTURES [2590] IRS NUMBER: 741891727 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13E4/A SEC ACT: SEC FILE NUMBER: 005-39973 FILM NUMBER: 97709991 BUSINESS ADDRESS: STREET 1: 8023 VANTAGE DR CITY: SAN ANTONIO STATE: TX ZIP: 78230 BUSINESS PHONE: 2103083993 MAIL ADDRESS: STREET 1: P. 0. B0X 659508 CITY: SAN ANTONIO STATE: TX ZIP: 78230 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KINETIC CONCEPTS INC /TX/ CENTRAL INDEX KEY: 0000831967 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FURNITURE & FIXTURES [2590] IRS NUMBER: 741891727 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13E4/A BUSINESS ADDRESS: STREET 1: 8023 VANTAGE DR CITY: SAN ANTONIO STATE: TX ZIP: 78230 BUSINESS PHONE: 2103083993 MAIL ADDRESS: STREET 1: P. 0. B0X 659508 CITY: SAN ANTONIO STATE: TX ZIP: 78230 SC 13E4/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13E-4 ISSUER TENDER OFFER STATEMENT (PURSUANT TO SECTION 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934) (Amendment No. 3) KINETIC CONCEPTS, INC. (NAME OF ISSUER) KINETIC CONCEPTS, INC. (NAME OF PERSON(S) FILING STATEMENT) COMMON STOCK, PAR VALUE $.001 PER SHARE (TITLE OF CLASS OF SECURITIES) 49460W-01-0 (CUSIP NUMBER OF CLASS OF SECURITIES) DENNIS E. NOLL SENIOR VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY KINETIC CONCEPTS, INC. 8023 VANTAGE DRIVE SAN ANTONIO, TEXAS 78230 TELEPHONE: (210) 524-9000 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF THE PERSON(S) FILING STATEMENT) Copy to: DAVID W. HELENIAK, ESQ. STEPHEN D. SEIDEL, ESQ. SHEARMAN & STERLING COX & SMITH INCORPORATED 599 LEXINGTON AVENUE 112 E. PECAN STREET, SUITE 1800 NEW YORK, NEW YORK 10022 SAN ANTONIO, TEXAS 78205 (212) 848-4000 (210) 554-5500 OCTOBER 8, 1997 (Date Tender Offer First Published, Sent or Given to Security Holders) CALCULATION OF FILING FEE _____________________________________________________________ TRANSACTION VALUATION* AMOUNT OF FILING FEE $654,293,626.90 $130,858.73 _____________________________________________________________ *For purposes of calculating fee only. This transaction applies to an aggregate of 35,440,157 shares (sum of (i) 32,633,971 outstanding shares of common stock (not including 186,824 treasury shares or 6,064,155, 100,000 and 3,837,890 shares of common stock held by James R. Leininger, M.D., Peter A. Leininger, M.D. and Richard C. Blum & Associates, L.P., respectively, to remain outstanding after the Offer) and (ii) 2,806,186 outstanding options to purchase shares of Common Stock). Except as otherwise noted, the per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 is $19.25 per unit. The per unit price with respect to 723,300 options to purchase shares of Common Stock is $19.9375 per unit. The proposed maximum aggregate value of transaction is $654,293,626.90 (sum of (i) product of 32,633,971 shares of Common Stock and $19.25, (ii) product of (A) 2,082,886 options to purchase shares of Common Stock and (B) the difference between $19.25 and the exercise price of such options and (iii) product of (A) 723,300 options to purchase shares of Common Stock and (B) the difference between $19.9375 and the exercise price of such options). The total fee is $130,858.73 paid by wire transfer on October 7, 1997 to the designated lockbox depository maintained by the Commission at Mellon Bank. The amount of the filing fee, calculated in accordance with Rule 0-11 promulgated under the Securities Exchange Act of 1934, as amended, equals 1/50 of one percent of the Common Stock to be acquired. [x] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. Amount Previously Paid: $130,858.73 Form or Registration No.: SC13E4 Filing Party: Kinetic Concepts, Inc. Date Filed: October 8, 1997 ________________________________________________________________ SCHEDULE 13E-4 INTRODUCTION This Amendment No. 3 to the Issuer Tender Offer Statement on Schedule 13E-4 (the "Statement") relates to the offer by Kinetic Concepts, Inc., a Texas corporation (the "Company"), to purchase all of its issued and outstanding shares of common stock, $.001 par value per share ("Shares"), for $19.25 per Share, net to the seller in cash, upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 8, 1997 (the "Offer to Purchase"), and in the related Letter of Transmittal dated October 8, 1997 (which together constitute the "Offer"), copies of which were attached to the Statement as Exhibits (a)(1) and (a)(2), respectively. The Statement was initially filed with the Securities and Exchange Commission (the "Commission") on October 8, 1997, Amendment No. 1 to the Statement was filed with the Commission on October 21, 1997 and Amendment No. 2 was filed with the Commission on November 3, 1997. This Amendment No. 3 to the Statement is being filed to reflect the expiration of the Offer. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Offer to Purchase and the Statement. ITEM 8. ADDITIONAL INFORMATION. Item 8(b) is hereby amended and supplemented as follows: At 12:00 midnight, New York City time, on Wednesday, November 5, 1997, the Offer expired. Based on a preliminary count, approximately 31,006,942 Shares were tendered pursuant to the Offer and accepted for payment, of which 83,000 Shares were tendered pursuant to notices of guaranteed delivery. Immediately prior to the acceptance of the Shares tendered in the Offer, the Company issued and sold 7,802,180 Shares in the Stock Purchase. A copy of a press release announcing the expiration of the Offer and the acceptance for payment of validly tendered Shares is filed herewith as Exhibit (a)(11). ITEM 9. MATERIAL TO BE FILED AS EXHIBITS. Item 9 is hereby amended and supplemented by adding the following Exhibit: (a)(11) Press Release issued by the Company on November 6, 1997. SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct. Date: November 6, 1997 KINETIC CONCEPTS, INC. By: /s/ Dennis E. Noll ------------------------ Name: Dennis E. Noll Title: Senior Vice President EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - ----------- ----------- (a)(11) Press Release issued by the Company on November 6, 1997. EXHIBIT (a)(11) Contact: Dennis E. Noll Senior Vice President, General Counsel and Secretary Kinetic Concepts, Inc. (210) 255-6331 (210) 255-6331 KINETIC CONCEPTS COMPLETES TENDER OFFER AND SALE OF SHARES ---------------------------------------------------------- SAN ANTONIO, Texas, November 6, 1997 - Kinetic Concepts, Inc. (Nasdaq: KNCI) ("KCI") today announced that it has successfully completed the previously announced all-cash tender offer by KCI for all of its outstanding shares of common stock, at a price of $19.25 per share. The offer expired at 12:00 midnight (Eastern Standard Time) on Wednesday, November 5, 1997. Based on a preliminary count, approximately 31,006,942 shares were tendered and have been accepted for payment in accordance with the terms of the offer, of which 83,000 shares were tendered by guaranteed delivery. Immediately prior to the acceptance of the tendered shares, KCI also completed the previously announced sale of an aggregate of 7,802,180 shares to affiliates of Richard C. Blum & Associates, L.P. and Fremont Partners, L.P. Richard C. Blum & Associates, L.P., based in San Francisco, is a private investment company specializing in strategic block, relationship-oriented investing with assets of approximately $1.2 billion under management. Among the investments in which Richard C. Blum & Associates has played a significant role are Northwest Airlines (Nasdaq: NWAC), National Education Corporation and URS Corporation (NYSE: URS). Fremont Partners, L.P. is a private equity fund also based in San Francisco. It is part of The Fremont Group, a private investment company with more than $7 billion in assets under management. Among other operating companies where Fremont has had significant roles are Coldwell Banker, Crown Pacific (NYSE: CRO), and Kerr (NYSE: KGM). Fremont also manages publicly traded mutual funds (Fremont Funds) and real estate, energy, and venture capital assets. KCI develops and markets innovative therapeutic healing systems that address skin breakdown, circulatory problems, and pulmonary complications associated with patient immobility. The Company's healing systems include specialty beds, mattress replacement systems, and related devices. KCI serves hospitals, long-term and home care settings throughout the United States and in 13 countries. -----END PRIVACY-ENHANCED MESSAGE-----