SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13D-1(A)AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A)
(AMENDMENT NO. 1)
Under the Securities Exchange Act of 1934
NovaCare Employee Services, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
66986 Q10
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(CUSIP Number)
Gregory M. Case
Plato Holdings, Inc.
455 South Gulph Road, Suite 410
King of Prussia, PA 19406
(610) 265-0286
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copy to:
Louis A. Goodman, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
One Beacon Street
Boston, MA 02108
(617) 573-4800
October 18, 1999
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(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 that 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 [ ].
SCHEDULE 13D
CUSIP No. 66986 Q10
_________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Plato Holdings, Inc.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
AF
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF
SHARES All of the outstanding shares
BENEFICIALLY ____________________________________
OWNED BY (8) SHARED VOTING POWER
EACH -0-
REPORTING _____________________________________
PERSON (9) SOLE DISPOSITIVE POWER
WITH
All of the outstanding shares
____________________________________
(10) SHARED DISPOSITIVE POWER
-0-
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(See Item 5)
All of the outstanding shares
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
100%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
CO; HC
_________________________________________________________________
SCHEDULE 13D
CUSIP No. 66986 Q10
_________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
New Plato Acquisition, Inc.
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (x)
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
AF
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
New Plato Acquisition, Inc. no longer exists, but was merged
into Novacare Employee Services Inc.
_________________________________________________________________
(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
-0-
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- (See Item 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
Formerly a CO
_________________________________________________________________
Item 4. Purpose of the Transaction.
ITEM 2. IDENTITY AND BACKGROUND.
The second paragraph of Item 2 (a) -(c) and (f) of the Schedule 13D
is hereby amended by the following:
Plato Holdings, Inc. ("Plato Holdings"), a newly organized
Delaware corporation, as beneficial owner of all the outstanding
capital stock of Novacare Employee Services, Inc.
The third paragraph of Item 2 (a) - (c) and (f) of the Schedule 13D is
hereby amended by the following:
New Plato Acquisition, Inc. ("New Plato"), a wholly owned subsidiaey
of Plato Holdings, was formed for the purpose of acquiring shares of
Novacare Employee Services, Inc. pursuant to a tender offer. Upon the
expiration of the offer period and the purchase of over 90% of the shares
of Novacare Employee Services, Inc., New Plato was merged on October 19,
1999 into Novacare Employee Services, Inc. Novacare Employee Services,
Inc. is the surviving entity and is now wholly owned by Plato Holdings.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 (a) and (b) of the Schedule 13D is hereby amended by the following:
(a) and (b) As of the date hereof, Plato Holdings beneficially
owns and has sole voting and dispositive power as to all of the shares of
Common Stock or 100%. New Plato acquired 96.5% of the shares of Novacare
Employee Services, Inc. and was then merged into Novacare Employee
Services, Inc. Novacare Employee Services, Inc. is the surviving entity.
As a result of the merger, Plato Holdings, which was the sole shareholder
of New Plato, it now has sole voting and dispositive power over all the
outstanding shares of Novacare Employee Services, Inc.
(c) New Plato acquired 29,215,568 shares of Common Stock on
October 18, 1999 pursuant to the Offer.
SIGNATURES
After reasonable inquiry and to the best knowledge and belief
of each of the undersigned, each such person certifies that the information
set forth in this statement is true, complete and correct.
PLATO HOLDINGS, LLC
Date: October 21, 1999 By: /s/ Eric B. Lass
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Name: Eric B. Lass
Title: Vice President
PLATO HOLDINGS, INC.
Date: October 21, 1999 By: /s/ Eric B. Lass
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Name: Eric B. Lass
Title: Vice President
NEW PLATO ACQUISITION, INC.
Date: October 21, 1999 By: /s/ Eric B. Lass
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Name: Eric B. Lass
Title: Vice President
FIDELITY VENTURES LIMITED
By: Fidelity Capital Associates, Inc.,
its General Partner
Date: October 21, 1999 By: /s/ George Hertz
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Name: George Hertz
Title: Vice President
FIDELITY INVESTORS II LIMITED PARTNERSHIP
By: Fidelity Investors Management, LLC,
its General Partner
Date: October 21, 1999 By: /s/ John Remondi
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Name: John Remondi
Title: President
THE P/A FUND III, L.P.
By: APA Pennsylvania Partners III, L.P.
its General Partner
By: Patricof & Co. Managers, Inc.
its General Partner
Date: October 21, 1999 By: /s/ Gregory M. Case
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Name: Gregory M. Case
Title: Vice President
APA EXCELSIOR V, L.P.
By: APA Excelsior V Partners, L.P.
its General Partner
By: Patricof & Co. Managers, Inc.
its General Partner
Date: October 21, 1999 By: /s/ Gregory M. Case
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Name: Gregory M. Case
Title: Vice President
THE PATRICOF PRIVATE INVESTMENT CLUB II,
L.P.
By: APA Excelsior V Partners, L.P.,
its General Partner
By: Patricof & Co. Managers, Inc.
its General Partner
Date: October 21, 1999 By: /s/ Gregory M. Case
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Name: Gregory M. Case
Title: Vice President
AFLAC INCORPORATED
Date: October 21, 1999 By: /s/ Kriss Cloniger
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Name: Kriss Cloninger III
Title: Executive Vice President,
Treasurer and Chief Financial
Officer
