424B3 1 FORM 424B3 FILED PURSUANT TO RULE 424(b)(3) REGISTRATION STATEMENT NO. 333-3716 SUPPLEMENT NO. 1 DATED MAY 17, 1996 TO PROSPECTUS DATED APRIL 29, 1996 RELATING TO 1,814,632 SHARES OF RENAL TREATMENT CENTERS, INC. COMMON STOCK, $.01 PAR VALUE All capitalized terms used but not defined herein shall have the meanings prescribed in the Prospectus dated April 29, 1996 forming a part of Form S-3 Registration Statement No. 333-3716. Dudley S.J. Seto, M.D., a Selling Stockholder, has transferred 523,732 of the 1,047,464 shares of Common Stock beneficially owned by him and covered by the Prospectus to a revocable trust of which he is sole beneficiary and trustee and transferred the remaining 523,732 shares of Common Stock beneficially owned by him and covered by the Prospectus to a revocable trust of which his spouse is sole beneficiary and trustee. Dr. Seto and his spouse share voting and investment power with respect to all 1,047,464 shares of Common Stock, and each may be considered the beneficial owner of all 1,047,464 shares. B.J. Matter, M.D., a Selling Stockholder, has transferred all 286,598 shares of Common Stock beneficially owned by him and covered by the Prospectus to a family limited partnership, of which Dr. Matter is the sole general partner. Therefore, Dr. Matter has retained sole voting and investment power with respect to all 286,598 shares. Dennis R. Mask, M.D., a Selling Stockholder, has transferred all 286,598 shares of Common Stock beneficially owned by him and covered by the Prospectus to a family limited partnership, of which Dr. Mask is the sole general partner. Therefore, Dr. Mask has retained sole voting and investment power with respect to all 286,598 shares.