-----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, RKieLmh2JURKBBdP1z9fkWbxCh9ywm/Hc4HpEeP5YO1yUeeTcdb3KMRuP3+K5XOO IpK/7RF67PBFUo3lx+o5vw== 0000950008-96-000161.txt : 19960515 0000950008-96-000161.hdr.sgml : 19960515 ACCESSION NUMBER: 0000950008-96-000161 CONFORMED SUBMISSION TYPE: 424B2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960514 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIVRA INC CENTRAL INDEX KEY: 0000850882 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HOME HEALTH CARE SERVICES [8082] IRS NUMBER: 943096645 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 424B2 SEC ACT: 1933 Act SEC FILE NUMBER: 033-85736 FILM NUMBER: 96564182 BUSINESS ADDRESS: STREET 1: 400 PRIMROSE ROAD STREET 2: SUITE 200 CITY: BURLINGAME STATE: CA ZIP: 94010 BUSINESS PHONE: 4153488200 424B2 1 PROSPECTUS SUPPLEMENT PROSPECTUS SUPPLEMENT Rule 415(a)(1)(viii) (TO PROSPECTUS DATED MARCH 14, 1995) Registration No. 33-85736 504,500 SHARES VIVRA INCORPORATED COMMON STOCK _________ VIVRA Incorporated, a Delaware corporation (the "Company") has issued and sold 504,500 shares (the "Shares") of common stock, $.01 par value per share, accompanied by Preferred Stock Purchase Rights (the "Common Stock"), in connection with the acquisition of Brennan, Martell & Mirmelli, M.D., P.A., a Florida professional association and Asthma & Allergy Institute of South Florida, Inc., a Florida professional association (the "Acquired Companies"). The Company, Asthma & Allergy CareAmerica, Inc. ("AACA"), Asthma & Allergy CareAmerica of Florida, Inc. and the shareholders of the Acquired Companies, Brennan, Martell & Mirmelli, M.D.'s, P.A., Frank R. Martell, M.D. and Philip C. Mirmelli, M.D. , have entered into a Master Agreement and Plan of Merger and related Agreement and Plan of Mergers (collectively the "Merger Agreements") whereby subsidiaries of AACA will merge into the Acquired Companies (the "Merger") in exchange for the Shares of the Company. The Common Stock of the Company is listed on the New York Stock Exchange ("NYSE") under the symbol "V". The last reported sale price of the Common Stock on the NYSE on May 10, 1996 was $30.625 per share. _________ THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. The date of this Prospectus Supplement is May 14, 1996. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE The following documents are incorporated by reference in this Prospectus Supplement from the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 14, 1996: Master Merger Agreement among Asthma & Allergy CareAmerica, Inc.; Vivra Incorporated; Brennan, Martell & Mirmelli, M.D.'s, P.A.; Asthma & Allergy CareAmerica of Florida, Inc.; Frank R. Martell, M.D.; Philip C. Mirmelli, M.D. and Asthma & Allergy Institute of South Florida, Inc. Agreement and Plan of Merger among Asthma & Allergy CareAmerica,Inc.; Vivra Incorporated; Brenna, Martell & Mirmelli, M.D.'s, P.A.; Asthma & Allergy CareAmerica of Florida, Inc.; Frank R. Martell, M.D. and Philip C. Mirmelli, M.D. Agreement and Plan of Merger among Asthma & Allergy CareAmerica,Inc.; Vivra Incorporated; AACA-AAI Acquisition, Inc.; Asthma & Allergy Institute of South Florida, Inc.; Frank R. Martell and Philip C. Mirmelli. Any statement contained herein, or in a document incorporated by reference herein, shall be deemed to be modified or superseded for purposes of this Prospectus Supplement, the Prospectus and the Registration Statement of which it is a part to the extent that a statement contained herein or in any other subsequently filed document which also is incorporated herein modifies or replaces such statement. Any statement so modified or superseded shall not be deemed, in its unmodified form, to constitute a part of this Prospectus Supplement or such Prospectus or Registration Statement. CERTAIN TERMS OF THE MERGER The terms and conditions of the Merger are set forth in the Merger Agreements. The following summary of the Merger Agreements does not purport to be complete and is qualified in its entirety by reference to the text of such Agreement. ACQUISITION CONSIDERATION Under the terms of the Merger Agreements and subject to the conditions thereof, in consideration of the transfer and delivery of all of the issued and outstanding stock of the Acquired Companies, the purchase price was $14,000,000 (the "Purchase Price"), paid by the delivery of the 504,500 Shares. The Shares were calculated as that number of shares of the Common Stock equal to (i) the Purchase Price divided by (ii) 27.75. Under the Merger Agreements, no shares may be sold until the date on which the Company reports combined financial statements of the Acquired Companies and the Company which includes at least 30 days operating results of the Acquired Companies. CLOSING The Closing of the transactions contemplated by the Merger Agreement was effective as of May 1, 1996. STOCK EXCHANGE LISTING Pursuant to a condition to each party's obligation to consummate the Merger, the Shares issued in connection with the Merger have been listed on the NYSE. REPRESENTATIONS AND WARRANTIES The Merger Agreements contains customary representations and warranties relating to, among other things, (i) organization, qualification, authorization and similar corporate matters of the Acquired Companies; (ii) delivery of and accuracy and completeness of certain financial statements of the Acquired Companies; (iii) absence of material changes in the Acquired Companies since December 31, 1995; (iv) extent of and title to assets of the Acquired Companies; (v) that execution and delivery of the Merger Agreements will not violate the charter documents of the Acquired Companies or AACA, or cause AACA or the Acquired Companies to breach any agreement or judgment, or accelerate any indebtedness; (vi) the Acquired Companies' compliance with laws, including holding all rights, permits, consents and licenses necessary to conduct its business; (vii) no undisclosed threatened or pending litigation of AACA or the Acquired Companies; (viii) taxes and tax returns of the Acquired Companies; (ix) insurance policies, labor arrangements, compensation of personnel, employment contracts and compliance with and qualification of employee benefit plans of the Acquired Companies; (x) trade names, trademarks, service marks, copyrights, patents and any pending registrations or applications of the Acquired Companies; (xi) absence of undisclosed liabilities of the Acquired Companies; (xii) material contracts, commitments, instruments and leases to which the Acquired Companies is a party and no breach thereof; (xiii) no employment of services of any brokers by the Acquired Companies or AACA in connection with the Merger; (xiv) delivery of securities documents and filings of the Company to Dr. Martell and Dr. Mirmelli; (xv) no untrue representation or warranty of the Company or the Acquired Companies; (xvi) registration of the Shares under the Securities Act of 1933, which upon issuance will be validly issued, fully-paid, non-assessable and free of preemptive rights; (xvii) no transactions by the Acquired Companies with affiliates thereof; and (xviii) the transaction qualifying as a pooling of interests transaction. CLOSING AGREEMENTS Under each of the Agreements, the parties executed, acknowledged and delivered at the Closing the following: -2- Noncompetition Agreement among Dr. Martell, Dr. Mirmelli and AACA. Employment Agreements among Dr. Martell, Dr. Mirmelli, certain physicians of the Acquired Companies and a subsidiary of AACA. In addition, the Merger Agreements state that the Company, AACA, Dr. Martell and Dr. Mirmelli shall execute and deliver an escrow agreement and shall deliver to the Escrow Holder therein identified a portion of the Shares, for retention and distribution by the Escrow Holder in an escrow account in accordance with such escrow agreement. TABLE OF CONTENTS PROSPECTUS SUPPLEMENT INCORPORATION BY REFERENCE . . . . . . . . . . . . . . . . . . . . . . . . 1 CERTAIN TERMS OF THE ACQUISITION . . . . . . . . . . . . . . . . . . . . 2 PROSPECTUS AVAILABLE INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . 2 INCORPORATION BY REFERENCE . . . . . . . . . . . . . . . . . . . . . . . . 2 PROSPECTUS SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 INVESTMENT CONSIDERATIONS . . . . . . . . . . . . . . . . . . . . . . . . 5 USE OF PROCEEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 PRICE RANGE OF COMMON STOCK . . . . . . . . . . . . . . . . . . . . . . . 8 DIVIDEND POLICY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 CAPITALIZATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 SELECTED CONSOLIDATED FINANCIAL DATA . . . . . . . . . . . . . . . . . . . 10 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 BUSINESS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 MANAGEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 OUTSTANDING SECURITIES COVERED BY THIS PROSPECTUS . . . . . . . . . . . . 30 LEGAL MATTERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 EXPERTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 ------------------------------------------------------ ------------------------------------------------------ 504,500 SHARES VIVRA INCORPORATED COMMON STOCK ---------- PROSPECTUS SUPPLEMENT May 14, 1996 - -------------------------------------------------------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----