PROSPECTUS SUPPLEMENT Filed pursuant to Rule 424(b)(3)
To Prospectus Dated July 31, 1997, Registration No. 333-31973
As Supplemented to Date
1,657,560 Shares
PHYMATRIX CORP.
Common Stock
This Prospectus Supplement (the "Supplement") relates to up to 52,676
shares (the "Shares") of Common Stock, par value $.01 per share, of PhyMatrix
Corp., a Delaware corporation (the "Company"), which may be offered and sold by
Ronald and Diane Surowitz (the "Selling Stockholders") pursuant to the Company's
Registration Statement on Form S-3 (No. 333-31973)(the "Registration
Statement"). This Supplement should be read in conjunction with the Prospectus
dated July 31, 1997, which is a part of the Registration Statement, as such
Prospectus may have been supplemented to date (the "Prospectus"). A copy of the
Prospectus accompanies this Supplement. All capitalized terms used but not
defined in this Supplement shall have the meanings given them in the Prospectus.
The Shares were acquired by Dr. Surowitz under the terms of the Company's
acquisition in June 1996 of the assets of Family Practice Associates of Palm
Beach and Martin Counties, P.A. (the "Practice"), of which Dr. Surowitz was the
sole stockholder. The Company currently employs Dr. Surowitz pursuant to an
employment agreement. Dr. Surowitz holds the Shares jointly with his wife,
Diane. To the Company's knowledge, the Shares which may be offered represent all
the shares of Common Stock owned by the Selling Stockholders. If all of such
Shares are sold, none of the Selling Stockholders will hold any shares of Common
Stock of the Company.
The closing price of the Company's Common Stock as reported on The Nasdaq
National Market on July 31, 1997 was $13.00 per share.
The date of this Prospectus Supplement is August 1, 1997.
