-----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, AQ8wfnaIA3XPNPFbCdo6LluW9YevsHPkteriCyOQOPDuHPPybGlksutibd4uZLaE YxtpBvW05GmAPqw+vYJK4Q== 0000950144-96-006449.txt : 19960921 0000950144-96-006449.hdr.sgml : 19960921 ACCESSION NUMBER: 0000950144-96-006449 CONFORMED SUBMISSION TYPE: 424B5 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960919 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: PHYCOR INC/TN CENTRAL INDEX KEY: 0000881400 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE [8011] IRS NUMBER: 621344801 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B5 SEC ACT: 1933 Act SEC FILE NUMBER: 033-66210 FILM NUMBER: 96632092 BUSINESS ADDRESS: STREET 1: 30 BURTON HILLS BLVD STREET 2: STE 400 CITY: NASHVILLE STATE: TN ZIP: 37215 BUSINESS PHONE: 6156659066 MAIL ADDRESS: STREET 1: 30 BURTON HILLS BLVD STREET 2: STE 400 CITY: NASHVILLE STATE: TN ZIP: 37215 424B5 1 PHYCOR, INC. FORM 424B5 1 Registration No. 33-66210 Rule 424(b)(5) AMENDMENT TO SUPPLEMENT TO PROSPECTUS, DATED AUGUST 28, 1996 PhyCor, Inc. 5,062,500 Shares Common Stock --------- The Prospectus, dated August 28, 1996 (the "Prospectus"), to which this Amendment to Supplement, dated September 19, 1996, is attached, relates to an aggregate of up to 5,062,500 shares of Common Stock of PhyCor, Inc. (the "Company") to be issued in transactions involving the acquisition of the assets or stock of individual physician practices and single and multi-specialty medical clinics. This Amendment to Supplement relates to the resale, from time to time, by the physicians listed on Schedule A hereto (each a "Physician") of up to an aggregate of 141,542 shares (the "Shares") of the Company's Common Stock, no par value per share ("Common Stock"). This Amendment to Supplement amends the Supplement to Prospectus originally filed with the Securities and Exchange Commission on October 14, 1995. Pursuant to an Asset Purchase Agreement, dated as of September 1, 1995 (the "Purchase Agreement"), PhyCor of Mesa, Inc., a Tennessee corporation and wholly-owned subsidiary of the Company("PhyCor-Arizona"), acquired substantially all of the operating assets of Casa Blanca Clinic, Ltd., an Arizona professional corporation (the "Clinic"). In connection with this transaction, the Company issued a 7.0% Subordinated Convertible Note in the principal amount of $6,785,171 (the "Note") to Casa Blanca I, P.L.L.C., an Arizona professional limited liability company and successor entity to the Clinic (the "P.L.L.C."), in consideration of (i) the execution by the Clinic of an Interim Management Agreement between the Clinic and PhyCor-Arizona and (ii) the affiliation of the physicians employed by the Clinic with the P.L.L.C. as of the closing of the transaction. On September 7, 1995, the Company issued an aggregate of 290,170 shares of Common Stock to the P.L.L.C., upon the conversion of the Note. Following the conversion of the Note, the P.L.L.C. sold 195,804 shares of Common Stock pursuant to a Supplement to the Prospectus dated September 8, 1995 and distributed 94,366 shares to the Physicians on a pro rata basis based on the Physicians' respective ownership interests in the P.L.L.C. On June 14, 1996, the Company effected a three-for-two stock split in the form of a 50% stock dividend. Terms defined in the Prospectus have the same meaning in this Amendment to Supplement unless the context otherwise requires. ---------- The date of this Amendment to Supplement is September 19, 1996. 1 2 THIS AMENDMENT TO SUPPLEMENT INCORPORATES DOCUMENTS BY REFERENCE WHICH ARE NOT PRESENTED HEREIN OR DELIVERED HEREWITH. THESE DOCUMENTS ARE AVAILABLE UPON WRITTEN OR ORAL REQUEST, AT NO CHARGE, FROM THE COMPANY. REQUESTS SHOULD BE DIRECTED TO PHYCOR, INC., 30 BURTON HILLS BOULEVARD, SUITE 400, NASHVILLE, TENNESSEE 37215, ATTENTION: N. CAROLYN FOREHAND, VICE PRESIDENT AND GENERAL COUNSEL. Selling Shareholders Each Physician is licensed to practice medicine pursuant to the laws of the State of Arizona and practiced medicine through the Clinic prior to the transaction noted above. The Company, through PhyCor-Arizona, acquired substantially all of the assets of the Clinic pursuant to the Purchase Agreement. In connection therewith, the Company issued the Note to the P.L.L.C., and on September 7, 1995, the Note was converted into an aggregate of 290,170 shares of Common Stock. Of these shares, 195,804 shares were resold by the P.L.L.C. pursuant to a Supplement to the Prospectus, dated September 8, 1995. The remaining 94,366 shares were then distributed to the Physicians on a pro rata basis based on the Physicians' respective ownership of interests in the P.L.L.C. The Shares may be resold by a Physician through a registered broker-dealer in accordance with the terms of the Prospectus. The aggregate number of Shares that may be resold by each Physician, as revised to reflect a three-for-two split of the Company's Common Stock effected June 14, 1996 in the form of a 50% stock dividend, is indicated on Schedule A hereto. Plan of Offering This Amendment to Supplement relates to the reoffering, from time to time, of the Shares through a registered broker-dealer. The resale of the Shares will be effected through a registered broker-dealer in private or block transactions in the over-the-counter market (including The Nasdaq Stock Market (National Market)) or otherwise at fixed prices which may be changed, at market prices prevailing at the time of the sale, at prices related to such prevailing market price, or at negotiated prices. The broker-dealer may effect such transactions by selling the Shares to or through other broker-dealers, and such broker-dealers may receive compensation in the form of discounts, concessions or commissions from the purchasers of the Shares for whom such broker-dealers may act as agent or to whom they may sell as principal, or both (which compensation as to a particular broker-dealer might be in excess of customary commissions). As a result of the reoffering of the Shares pursuant to the Prospectus, as supplemented hereby, the Company and the respective broker-dealer may be deemed to be "underwriters" within the meaning of Section 2(11) of the Securities Act of 1933, as amended. 2 3 SCHEDULE A CASA BLANCA CLINIC I, P.L.L.C. ID #86-0801216
EMPLOYEE NAME SSN ADDRESS SHARES - ------------- --- ------- ------ Alan Y.M. Chang, M.D. ###-##-#### 4066 E. Grandview 12,955 Mesa, AZ 85203 Ashok K. Chatterjee, M.D. ###-##-#### 2200 E. San Angelo 10,363 #1090 Gilbert, AZ 85233 Denise Chavez, M.D. ###-##-#### 2727 S. Kenneth 1,728 Tempe, AZ 85282 Gordon T. Doneskey, M.D. ###-##-#### 2424 W. Rose Lane 2,763 Mesa, AZ 85203 Nathaniel Fastenberg, M.D. ###-##-#### 1503 E. Treasure Cove 5,181 Gilbert, AZ 85234 Mitchell Factor, M.D. ###-##-#### 9074 E. Charter Oak Dr. 1,575 Scottsdale, AZ 85260 Dean C. Faust, D.O. ###-##-#### 1710 S. Gilbert 2,778 #1010 Mesa, AZ 85204 Lawrence F. Feld, M.D. ###-##-#### 643 W. Sierra Madre Ave. 4,144 Gilbert, AZ 85234 Donald L. Griner, D.O. ###-##-#### 3964 E. Farmdale Ave. 6,219 Mesa, AZ 85206 James L. Gross, D.O. ###-##-#### 6220 E. Calle Redonda 5,181 Scottsdale, AZ 85251 Jay H. Jacobs, M.D. ###-##-#### 4222 E. Brown 1,036 #26 Mesa, AZ 85205 William M. Jacobs, M.D. ###-##-#### 635 S. Sahuaro Dr. 346 Gilbert, AZ 85233 Richard B. Jonas, M.D. ###-##-#### 4222 E. Brown Road 3,109 #5 Mesa, AZ 85205 Jane L. Jones, M.D. ###-##-#### 908 W. Wagner 1,125 Gilbert, AZ 85234 Lawrence Kahn, M.D. ###-##-#### 8264 S. Pecan Grove Cir. 2,071 Tempe, AZ 85284 Horace S. Kent, M.D. ###-##-#### P.O. Box 11000 5,181 Mesa, AZ 85214-1000
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EMPLOYEE NAME SSN ADDRESS SHARES - ------------- --- ------- ------ Scott C. Kipp, M.D. ###-##-#### 13411 S. 33rd Ct. 6,909 Phoenix, AZ 85044 Casa Blanca Clinic I, P.L.L.C. 86-0801216 P.O. Box 11000 313 Mesa, AZ 85234 Michael M. Long, M.D. ###-##-#### 8276 S. Pecan Grove Cir. 8,635 Tempe, AZ 85284 John R. Mitchell, M.D. ###-##-#### 1204 E. Glencove Cir. 5,181 Mesa, AZ 85203 Ann Marie Padilla, M.D. ###-##-#### 9640 S. Dromedary Dr. 5,181 Tempe, AZ 85284 Russell Payson, M.D. ###-##-#### 2419 N. Val Vista 10,363 Mesa, AZ 85213 Philippe Y. Reyns, M.D. ###-##-#### 26 N. Bull Moose Cir. 10,363 Chandler, AZ 85224 Charles A. Saffell, M.D. ###-##-#### 805 N. Grand 10,363 Mesa, AZ 85201 Rodney K. Shotton, M.D. ###-##-#### 1061 N. Del Mar 9,325 Mesa, AZ 85203 Collin Udall, M.D. ###-##-#### 3158 E. Harmony 864 Mesa, AZ 85204 Michael G. Wade, M.D. ###-##-#### 3125 N. 83rd St. 8,290 Scottsdale, AZ 85251
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