<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Medical Manager Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
58461C 10 3
-----------
(CUSIP Number)
Bradley D. Houser, Esq.
Akerman, Senterfitt & Eidson, P.A.
One Southeast Third Avenue
Miami, Florida 33131
Tel. No. (305) 374-5600
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 23, 1999
----------------------------------------------------------------
(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 statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box: [ ]
<PAGE> 2
SCHEDULE 13D
CUSIP NO. 58461C 10 3 PAGE 2 OF 18
- ---------------------------- ---------------------------
Name of reporting persons
1 S.S. or I.R.S. Identification No. of above persons (Entities Only)
Michael A. Singer
- --------------------------------------------------------------------------------
Check the appropriate box if a member of a group (a)[X]
2 (See Instructions)
(b)[ ]
- --------------------------------------------------------------------------------
SEC use only
3
- --------------------------------------------------------------------------------
Source of funds (See Instructions)
4
OO
- --------------------------------------------------------------------------------
Check box if disclosure of legal proceedings is required
5 pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
Citizenship or place of organization
6
United States of America
- --------------------------------------------------------------------------------
Sole voting power
7
NUMBER OF -0-
SHARES --------------------------------------------
BENEFICIALLY Shared voting power
OWNED BY 8
EACH -0-
REPORTING --------------------------------------------
PERSON Sole dispositive power
WITH 9
-0-
--------------------------------------------
Shared dispositive power
10
-0-
- --------------------------------------------------------------------------------
Aggregate amount beneficially owned by each reporting person
11
-0-
- --------------------------------------------------------------------------------
Check box if the aggregate amount in row (11) excludes certain
12 shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
Percent of class represented by amount in row (11)
13
0.0%
- --------------------------------------------------------------------------------
Type of reporting person (See Instructions)
14
IN
- --------------------------------------------------------------------------------
<PAGE> 3
SCHEDULE 13D
CUSIP NO. 58461C 10 3 PAGE 3 OF 18
- ---------------------------- ---------------------------
Name of reporting persons
1 S.S. or I.R.S. Identification No. of above persons (Entities Only)
MAS 1997 Family Limited Partnership
- --------------------------------------------------------------------------------
Check the appropriate box if a member of a group (a)[X]
2 (See Instructions)
(b)[ ]
- --------------------------------------------------------------------------------
SEC use only
3
- --------------------------------------------------------------------------------
Source of funds (See Instructions)
4
OO
- --------------------------------------------------------------------------------
Check box if disclosure of legal proceedings is required
5 pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
Citizenship or place of organization
6
Texas
- --------------------------------------------------------------------------------
Sole voting power
7
NUMBER OF -0-
SHARES --------------------------------------------
BENEFICIALLY Shared voting power
OWNED BY 8
EACH -0-
REPORTING --------------------------------------------
PERSON Sole dispositive power
WITH 9
-0-
--------------------------------------------
Shared dispositive power
10
-0-
- --------------------------------------------------------------------------------
Aggregate amount beneficially owned by each reporting person
11
-0-
- --------------------------------------------------------------------------------
12 Check box if the aggregate amount in row (11) excludes certain
shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
Percent of class represented by amount in row (11)
13
0.0%
- --------------------------------------------------------------------------------
Type of reporting person (See Instructions)
14
PN
- --------------------------------------------------------------------------------
<PAGE> 4
SCHEDULE 13D
CUSIP NO. 58461C 10 3 PAGE 4 OF 18
- ---------------------------- ---------------------------
Name of reporting persons
1 S.S. or I.R.S. Identification No. of above persons (Entities Only)
MAS 1997 Manager, Inc.
- --------------------------------------------------------------------------------
Check the appropriate box if a member of a group* (a)[X]
(See Instructions)
2
(b)[ ]
- --------------------------------------------------------------------------------
Sec use only
3
- --------------------------------------------------------------------------------
Source of funds (See Instructions)
4
OO
- --------------------------------------------------------------------------------
Check box if disclosure of legal proceedings is required
5 pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
Citizenship or place of organization
6
Texas
- --------------------------------------------------------------------------------
Sole voting power
7
NUMBER OF -0-
SHARES --------------------------------------------
BENEFICIALLY Shared voting power
OWNED BY 8
EACH -0-
REPORTING --------------------------------------------
PERSON Sole dispositive power
WITH 9
-0-
--------------------------------------------
Shared dispositive power
10
-0-
- --------------------------------------------------------------------------------
Aggregate amount beneficially owned by each reporting person
11
-0-
- --------------------------------------------------------------------------------
12 Check box if the aggregate amount in row (11) excludes certain
shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
Percent of class represented by amount in row (11)
13
0.0%
- --------------------------------------------------------------------------------
Type of reporting person (See Instructions)
14
CO
- --------------------------------------------------------------------------------
<PAGE> 5
SCHEDULE 13D
CUSIP NO. 58461C 10 3 PAGE 5 OF 18
- ---------------------------- ---------------------------
Name of reporting persons
1 S.S. or I.R.S. Identification No. of above persons (Entities Only)
Richard W. Mehrlich
- --------------------------------------------------------------------------------
Check the appropriate box if a member of a group (a)[X]
2 (See Instructions)
(b)[ ]
- --------------------------------------------------------------------------------
SEC use only
3
- --------------------------------------------------------------------------------
Source of funds (See Instructions)
4
OO
- --------------------------------------------------------------------------------
Check box if disclosure of legal proceedings is required
5 pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
Citizenship or place of organization
6
United States of America
- --------------------------------------------------------------------------------
Sole voting power
7
NUMBER OF -0-
SHARES --------------------------------------------
BENEFICIALLY Shared voting power
OWNED BY 8
EACH -0-
REPORTING --------------------------------------------
PERSON Sole dispositive power
WITH 9
-0-
--------------------------------------------
Shared dispositive power
10
-0-
- --------------------------------------------------------------------------------
Aggregate amount beneficially owned by each reporting person
11
-0-
- --------------------------------------------------------------------------------
Check box if the aggregate amount in row (11) excludes certain
12 shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
Percent of class represented by amount in row (11)
13
0.0%
- --------------------------------------------------------------------------------
Type of reporting person (See Instructions)
14
IN
- --------------------------------------------------------------------------------
<PAGE> 6
SCHEDULE 13D
CUSIP NO. 58461C 10 3 PAGE 6 OF 18
- ---------------------------- ---------------------------
Name of reporting persons
1 S.S. or I.R.S. Identification No. of above persons (Entities Only)
Professional Management Systems, Inc.
- --------------------------------------------------------------------------------
Check the appropriate box if a member of a group (a)[X]
2 (See Instructions)
(b)[ ]
- --------------------------------------------------------------------------------
SEC use only
3
- --------------------------------------------------------------------------------
Source of funds (See Instructions)
4
OO
- --------------------------------------------------------------------------------
Check box if disclosure of legal proceedings is required
5 pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
Citizenship or place of organization
6
Illinois
- --------------------------------------------------------------------------------
Sole voting power
7
NUMBER OF -0-
SHARES --------------------------------------------
BENEFICIALLY Shared voting power
OWNED BY 8
EACH -0-
REPORTING --------------------------------------------
PERSON Sole dispositive power
WITH 9
-0-
--------------------------------------------
Shared dispositive power
10
-0-
- --------------------------------------------------------------------------------
Aggregate amount beneficially owned by each reporting person
11
-0-
- --------------------------------------------------------------------------------
Check box if the aggregate amount in row (11) excludes certain
12 shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
Percent of class represented by amount in row (11)
13
0.0%
- --------------------------------------------------------------------------------
Type of reporting person (See Instructions)
14
CO
- --------------------------------------------------------------------------------
<PAGE> 7
SCHEDULE 13D
CUSIP NO. 58461C 10 3 PAGE 7 OF 18
- ---------------------------- ---------------------------
Name of reporting persons
1 S.S. or I.R.S. Identification No. of above persons (Entities Only)
John H. Kang
- --------------------------------------------------------------------------------
Check the appropriate box if a member of a group (a)[X]
2 (See Instructions)
(b)[ ]
- --------------------------------------------------------------------------------
SEC use only
3
- --------------------------------------------------------------------------------
Source of funds (See Instructions)
4
OO
- --------------------------------------------------------------------------------
Check box if disclosure of legal proceedings is required
5 pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
Citizenship or place of organization
6
United States of America
- --------------------------------------------------------------------------------
Sole voting power
7
NUMBER OF -0-
SHARES --------------------------------------------
BENEFICIALLY Shared voting power
OWNED BY 8
EACH -0-
REPORTING --------------------------------------------
PERSON Sole dispositive power
WITH 9
-0-
--------------------------------------------
Shared dispositive power
10
-0-
- --------------------------------------------------------------------------------
Aggregate amount beneficially owned by each reporting person
11
-0-
- --------------------------------------------------------------------------------
12 Check box if the aggregate amount in row (11) excludes certain
shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
Percent of class represented by amount in row (11)
13
0.0%
- --------------------------------------------------------------------------------
Type of reporting person (See Instructions)
14
IN
- --------------------------------------------------------------------------------
<PAGE> 8
PAGE 8 of 18
--------------------------
ITEM 1. SECURITY AND ISSUER.
Item 1 is amended in its entirety to read as follows:
This Amendment No. 3 to Schedule 13D ("Amendment") relates to
the common stock, par value $.01 per share (the "Common Stock"), of Medical
Manager Corporation, a Delaware corporation (the "Company")(1). The Company,
which upon completion of the Merger described in Item 4 to this Amendment became
a wholly owned subsidiary of Synetic, Inc. ("Synetic"), is a leading provider of
comprehensive physician practice management systems to providers of health care
services in the United States and is headquartered at 3001 North Rocky Point
Drive East, Suite 400, Tampa, Florida 33607.
This Amendment amends the Amendment No. 2 to Schedule 13D
filed on June 1, 1999 ("Amendment No. 2"), by and on behalf of Michael A.
Singer, MAS 1997 Family Limited Partnership, a Texas limited partnership
("MFLP"), MAS 1997 Manager, Inc., a Texas corporation ("MMI" and, together with
Mr. Singer and MFLP, the "Singer Reporting Persons"), Richard W. Mehrlich,
Professional Management Systems, Inc., an Illinois corporation ("PMSI" and,
together with Mr. Mehrlich, the "Mehrlich Reporting Persons"), and John J. Kang,
with respect to each person's or entity's ownership of the Common Stock of the
Company.
All items not specifically mentioned in this Amendment remain
as provided for in Amendment No. 2, as such document relates to each of the
Reporting Persons.
As described in Item 2 to Amendment No. 2, the Singer
Reporting Persons, the Mehrlich Reporting Persons and Kang have formed a group
(the "13D Group") for the purposes of the filing requirements of Section 13(d)
of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). The
Singer Reporting Persons, the Mehrlich Reporting Persons and Mr. Kang are
sometimes collectively referred to herein as the "Reporting Persons."
- -----------
(1) Please note that upon completion of the Merger (as hereinafter defined),
Synetic changed its name to Medical Manager Corporation. However, for
the purposes of this Amendment, all references to Medical Manager
Corporation and the Company will refer to the pre-Merger Medical Manager
Corporation, as issuer, and its securities.
<PAGE> 9
PAGE 9 of 18
--------------------------
ITEM 3. SOURCE AND AMOUNT OF FUNDS
OR OTHER CONSIDERATION.
The fourth paragraph of Item 3 of Amendment No. 2 is amended
in its entirety to read as follows:
This Amendment is filed as a result of the termination of the
Voting Agreement (the "Voting Agreement"), dated as of May 16, 1999, by Messrs.
Singer, Mehrlich and Kang (collectively, the "Stockholders"), to and for the
benefit of Synetic, in connection with the completion of Merger (as
hereinafter defined), in accordance with the provisions thereof.
<PAGE> 10
PAGE 10 of 18
--------------------------
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of Amendment No. 2 is amended in its entirety to read
as follows:
The Voting Agreement was entered into in connection with the
execution of an Agreement and Plan of Merger dated as of May 16, 1999 (the
"Merger Agreement"), by and among Synetic, Marlin Merger Sub, Inc., a Delaware
corporation and a wholly owned subsidiary of Synetic ("Marlin"), and the
Company, as an inducement and a condition to Synetic's and Marlin's entering
into the Merger Agreement.
Pursuant to the Merger Agreement, on July 23, 1999, Marlin
merged with and into the Company (the "Merger"), with the Company continuing as
the surviving corporation. Upon completion of the Merger, the combined company
changed its name to Medical Manager Systems, Inc., and Synetic changed its name
to Medical Manager Corporation. Pursuant to the Merger Agreement, upon the
completion of the Merger each share of Common Stock outstanding immediately
prior to the Merger was converted into the right to receive 0.625 shares of
Synetic common stock.
Pursuant to the Merger Agreement, Synetic assumed all options
outstanding at the Effective Time (as such term is defined in the Merger
Agreement) of the merger under the Company's stock option plans. At the
Effective Time, all such options vested in full and became immediately
exercisable upon the same terms and conditions as under the applicable Company
stock option plan, as adjusted to reflect the Exchange Ratio (as such term is
defined in the Merger Agreement).
The Voting Agreement terminated at the Effective Time.
<PAGE> 11
PAGE 11 of 18
--------------------------
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of Amendment No. 2 is amended in its entirety to read
as follows:
(a) At the Effective Time, each share of Common Stock owned by
each of the Reporting Persons was converted into the right to receive 0.625
shares of Synetic common stock. Each option to purchase Common Stock owned by
each of the Reporting Persons was converted into the right to purchase Synetic
common stock, as adjusted to reflected the Exchange Ratio. Therefore, as of the
Effective Time, none of the Reporting Persons own or may be deemed to directly
or indirectly beneficially own any shares of Common Stock.
(b) Not applicable. As a result of the Merger, as of the
Effective Time, none of the Reporting Persons are deemed to beneficially own any
shares of Common Stock, and therefore do not have the sole or shared power to
vote or dispose of any shares of Common Stock.
(c) See Item 4 hereof for a description of the Merger.
(d) Not applicable.
(e) As a result of the completion of the Merger on July 23,
1999, each of the Reporting Persons ceased to be the beneficial owner of more
than five percent of the Common Stock.
<PAGE> 12
PAGE 12 of 18
--------------------------
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 Joint Filing Agreement, dated July 23, 1999, by and
among the Reporting Persons.
<PAGE> 13
PAGE 13 of 18
--------------------------
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
/s/ Michael A. Singer
---------------------------------------------
Michael A. Singer
Dated: July 23, 1999
<PAGE> 14
PAGE 14 of 18
--------------------------
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
MAS 1997 Family Limited Partnership
By: MAS 1997 Manager, Inc., a general
partner
By: /s/ Michael A. Singer
----------------------------------------
Michael A. Singer
President
Dated: July 23, 1999
<PAGE> 15
PAGE 15 of 18
--------------------------
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
MAS 1997 Manager, Inc.
By: /s/ Michael A. Singer
-----------------------------------------
Michael A. Singer
President
Dated: July 23, 1999
<PAGE> 16
PAGE 16 of 18
--------------------------
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
/s/ Richard W. Mehrlich
---------------------------------------------
Richard W. Mehrlich
Dated: July 23, 1999
<PAGE> 17
PAGE 17 of 18
--------------------------
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Professional Management Systems, Inc.
By: /s/ Richard W. Mehrlich
-----------------------------------------
Richard W. Mehrlich
President
Dated: July 23, 1999
<PAGE> 18
PAGE 18 of 18
--------------------------
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
/s/ John H. Kang
----------------------------------------
John H. Kang
Dated: July 23, 1999
<PAGE> 1
EXHIBIT 1
AGREEMENT
RESPECTING JOINT FILING OF SCHEDULE 13D
The undersigned hereby agree to jointly prepare and file with
regulatory authorities this amended Schedule 13D reporting each of the
undersigned's ownership of shares of the common stock, par value $.01 per share,
of Medical Manager Corporation, a Delaware corporation, and hereby affirm that
such amended Schedule 13D is being filed on behalf of each of the undersigned.
The undersigned are entering into this Joint Filing Agreement as a result of
having been parties to, directly or indirectly, that certain Voting Agreement to
and for the benefit of Synetic, Inc. dated as of May 16, 1999. The Voting
Agreement terminated upon the completion of the merger contemplated therein.
IN WITNESS THEREOF this Joint Filing Agreement may be executed on one
or more counterparts, each of which shall be deemed an original for all purposes
and all of which together shall constitute one and the same Joint Filing
Agreement, and this Joint Filing Agreement may be effected by a written
facsimile of each party.
Dated: July 23, 1999.
/s/ Michael A. Singer
------------------------------------
MAS 1997 FAMILY LIMITED PARTNERSHIP
By: MAS 1997 MANAGER, INC.,
a general partner
By: /s/ Michael A. Singer
-------------------------------------
Michael A. Singer
President
MAS 1997 MANAGER, INC.
By: /s/ Michael A. Singer
-------------------------------------
Michael A. Singer
President
/s/ Richard W. Mehrlich
-------------------------------------
Richard W. Mehrlich
Professional Management Systems, Inc.
By: /s/ Richard W. Mehrlich
------------------------------------
Richard W. Mehrlich
President
/s/ John H. Kang
-------------------------------------
John H. Kang
