(Page 1 of 27 Pages)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934 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 Select Medical Corporation Ropes & Gray LLP
& Stowe IX, L.P. 4716 Old Gettysburg Road 45 Rockefeller Plaza
320 Park Avenue, Suite 2500 Mechanicsburg, PA 17055 New York, NY 10111
New York, NY 10022 Attn: Michael E. Tarvin Attn: Othon A. Prounis
Attn: Jonathan M. Rather Tel: (717) 972-1100 Tel: (212) 841-5700
Tel: (212) 893-9500
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 17, 2004
--------------------------------------------------------------------------------
(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).
CUSIP No. 816196 10 9 (Page 2 of 27 Pages)
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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 5,712,870*
shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
5,712,870* 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
CO
--------------------------------------------------------------------------------
* Reflects 5,712,870 shares of Common Stock of Select Medical Corporation to be
contributed to EGL Holding Company pursuant to the Agreement, dated October 17,
2004, among EGL Holding Company and the various rollover investors referred to
therein.
CUSIP No. 816196 10 9 (Page 3 of 27 Pages)
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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 5,712,870*
shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
5,712,870* 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
PN
--------------------------------------------------------------------------------
* Reflects 5,712,870 shares of Common Stock of Select Medical Corporation to be
contributed to EGL Holding Company pursuant to the Agreement, dated October 17,
2004, among EGL Holding Company and the various rollover investors referred to
therein.
CUSIP No. 816196 10 9 (Page 4 of 27 Pages)
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
WCAS 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 5,712,870*
shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
5,712,870* 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
OO
--------------------------------------------------------------------------------
* Reflects 5,712,870 shares of Common Stock of Select Medical Corporation to be
contributed to EGL Holding Company pursuant to the Agreement, dated October 17,
2004, among EGL Holding Company and the various rollover investors referred to
therein.
CUSIP No. 816196 10 9 (Page 5 of 27 Pages)
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 6 of 27 Pages)
--------------------------------------------------------------------------------
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 722,960 shares
SHARES -------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 722,960 shares
WITH -------------------------------------------
10. SHARED
DISPOSITIVE
POWER 0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
722,960 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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 7 of 27 Pages)
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 8 of 27 Pages)
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 9 of 27 Pages)
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 10 of 27 Pages)
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 11 of 27 Pages)
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 12 of 27 Pages)
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 13 of 27 Pages)
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 14 of 27 Pages)
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 15 of 27 Pages)
--------------------------------------------------------------------------------
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 213,274 shares
SHARES -------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 2,098,596 shares
EACH -------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 213,274 shares
WITH -------------------------------------------
10. SHARED DISPOSITIVE
POWER 2,098,596
shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
2,311,870 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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 16 of 27 Pages)
--------------------------------------------------------------------------------
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 12,373,140 shares
SHARES -------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 235,444 shares
EACH -------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 12,373,140 shares
WITH -------------------------------------------
10. SHARED DISPOSITIVE
POWER 235,444 shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
12,608,584 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
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 17 of 27 Pages)
--------------------------------------------------------------------------------
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 4,200,002 shares
SHARES -------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 359,284 shares
EACH -------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 4,200,002 shares
WITH -------------------------------------------
10. SHARED DISPOSITIVE
POWER 359,284 shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
4,559,286 shares
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
CUSIP No. 816196 10 9 (Page 18 of 27 Pages)
--------------------------------------------------------------------------------
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 356,424 shares
SHARES -------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 4,000 shares
EACH -------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 356,424 shares
WITH -------------------------------------------
10. SHARED DISPOSITIVE
POWER 4,000 shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
360,424 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%
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14. TYPE OF REPORTING PERSON
IN
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(Page 19 of 27 Pages)
SCHEDULE 13D
Item 1. Security and Issuer.
The class of equity securities to which this statement of Schedule 13D (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 Securities and Exchange Commission
(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, Rocco A. Ortenzio, Robert A. Ortenzio and Martin F. Jackson.
WCAS IX is the sole stockholder of Holdings. Sean M. Traynor and Eric J.
Lee are the officers and directors 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, the "WCAS Individuals"). The WCAS
Individuals are each employees of an affiliate of WCAS IX Associates. 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 and Martin F. Jackson
(collectively, the "SEM Persons") are directors and/or executive officers of the
Issuer.
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 a
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.
(Page 20 of 27 Pages)
(b) Principal Address
-----------------
The principal address of each of Holdings, WCAS IX, WCAS IX Associates and
each WCAS Individual is c/o Welsh, Carson, Anderson & Stowe, 320 Park Avenue,
Suite 2500, New York, New York 10022.
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.
(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 is that of an employee of an
affiliate of WCAS IX Associates and, other than Eric J. Lee, a managing member
of WCAS IX Associates.
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 of the Issuer.
(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, 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 and
each SEM Person 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 5,712,870 shares of Common Stock pursuant to the
Agreement, dated October 17, 2004 (the "Rollover Agreement"), between Holdings,
the TCEP Investors and the SEM Persons. However, such reporting persons
expressly disclaim beneficial ownership of the shares of Common Stock covered by
the Rollover Agreement.
Subject to the terms of the Rollover Agreement, each TCEP Investor and each
SEM 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
(Page 21 of 27 Pages)
the consent of Holdings. Any contributed shares will be cancelled in the Merger.
In addition, pursuant to such agreement, each SEM Person 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 description of the Rollover Agreement is qualified in its
entirety by reference to such agreement, a copy of which is attached hereto as
Exhibit B, and is incorporated herein by reference.
To the extent any WCAS Person 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.
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 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 Agreement, 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, WCAS IX has an understanding with the
WCAS Persons who are reporting persons that such WCAS Persons 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.
(Page 22 of 27 Pages)
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 (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 $480.0 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 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. 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.
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 breach.
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.
(Page 23 of 27 Pages)
Item 5. Interest in Securities of the Issuer.
The following information is based on a total of 101,867,236 shares of
Common Stock outstanding as of October 15, 2004.
(a through b) As of the date of filing, no reporting person may be deemed
to beneficially own any other 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 5,712,870 shares of Common Stock pursuant
to the Rollover Agreement. However, such reporting persons expressly
disclaim beneficial ownership of the shares of Common Stock covered by the
Rollover Agreement. Holdings, Acquisition, 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 722,960 shares of
Common Stock, 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.
(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.
(Page 24 of 27 Pages)
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 213,274 shares of
Common Stock, or less than 1.0% of the Common Stock outstanding.
SEM Persons
-----------
(i) Rocco A. Ortenzio directly owns 12,373,140 shares
of Common Stock (including 7,780,000 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 235,444 shares of Common Stock of which he shares
voting power and the power to dispose with such other investors,
for an aggregate 12,608,584 shares of Common Stock, or
approximately 11.5% of the Common Stock outstanding.
(ii) Robert A. Ortenzio directly owns 4,200,002 shares
of Common Stock (including 2,400,002 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 359,284 shares of Common Stock of which he shares
voting power and the power to dispose with such other investors,
for an aggregate 4,559,286 shares of Common Stock, or
approximately 4.4% of the Common Stock outstanding.
(Page 25 of 27 Pages)
(iii) Martin F. Jackson directly owns 356,424 shares of
Common Stock (including 259,424 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 360,424 shares of Common Stock, or less than
1.0% of the Common Stock outstanding.
(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. Joint Filing Agreement dated October 18, 2004
B. Rollover Agreement
C. Merger Agreement
D. WCAS Equity Commitment Letter
E. TCEP Equity Commitment Letter
F. Debt Commitment Letter
G. CP IV Commitment Letter
H. Contingency Letter
(Page 26 of 27 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: October 20, 2004
EGL HOLDING COMPANY
By:/s/ Sean M. Traynor
--------------------------------------------
Chief Executive Officer
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
By:/s/ Jonathan M. Rather
--------------------------------------------
Attorney-in-Fact/Patrick J. Welsh
By:/s/ Jonathan M. Rather
--------------------------------------------
Attorney-in-Fact/Russell L. Carson
By:/s/ Jonathan M. Rather
--------------------------------------------
Attorney-in-Fact/Bruce K. Anderson
By:/s/ Jonathan M. Rather
--------------------------------------------
Attorney-in-Fact/Thomas E. McInerney
(Page 27 of 27 Pages)
By:/s/ Jonathan M. Rather
--------------------------------------------
Attorney-in-Fact/Robert A. Minicucci
By:/s/ Jonathan M. Rather
--------------------------------------------
Attorney-in-Fact/Anthony J. deNicola
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, 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
By:/s/ Bryan C. Cressey
--------------------------------------------
Bryan C. Cressey
/s/Rocco A. Ortenzio
--------------------------------------------
Rocco A. Ortenzio
/s/Rocco A. Ortenzio
--------------------------------------------
Robert A. Ortenzio
/s/Martin F. Jackson
--------------------------------------------
Martin F. Jackson