MANOR CARE INC/NEW
SC 14D1/A, 1997-05-22
SKILLED NURSING CARE FACILITIES
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<PAGE>
 
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- --------------------------------------------------------------------------------
 
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
 
                               ----------------
 
                                 SCHEDULE 14D-1
 
                   TENDER OFFER STATEMENT PURSUANT TO SECTION
                14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 3)
 
                                      AND
 
                                  SCHEDULE 13D
 
                            STATEMENT UNDER SECTION
                  13(D) OF THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 1)
 
 
                               ----------------
 
                        VITALINK PHARMACY SERVICES, INC.
                           (NAME OF SUBJECT COMPANY)
 
                               ----------------
 
                                MANOR CARE, INC.
                                    (BIDDER)
 
                               ----------------
 
                     COMMON STOCK, PAR VALUE $.01 PER SHARE
                         (TITLE OF CLASS OF SECURITIES)
 
                               ----------------
 
                                   92846E10 4
                     (CUSIP NUMBER OF CLASS OF SECURITIES)
 
                               ----------------
 
                              JAMES H. REMPE, ESQ.
               SENIOR VICE PRESIDENT, GENERAL COUNSEL & SECRETARY
                                MANOR CARE, INC.
                             11555 DARNESTOWN ROAD
                          GAITHERSBURG, MARYLAND 20878
                                 (301) 979-4000
 
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND
                      COMMUNICATIONS ON BEHALF OF BIDDER)
 
                                    COPY TO:
                             W. LESLIE DUFFY, ESQ.
                            CAHILL GORDON & REINDEL
                                 80 PINE STREET
                            NEW YORK, NEW YORK 10005
                                 (212) 701-3000
 
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                               Page 1 of 4 Pages
 
                         Exhibit Index begins on Page 4
<PAGE>
 
  This Amendment No. 3 amends and supplements the Tender Offer Statement on
Schedule 14D-1 originally filed with the Securities and Exchange Commission on
April 24, 1997 (as heretofore amended, the "Schedule 14D-1"), by Manor Care,
Inc., a Delaware corporation (the "Purchaser"), relating to the offer
disclosed therein to purchase up to 1,500,000 shares of common stock, par
value $.01 per share, of Vitalink Pharmacy Services, Inc., a Delaware
corporation.
 
ITEM 10. ADDITIONAL INFORMATION.
 
  The information contained in the Purchaser's press release issued on May 22,
1997, a copy of which is filed as Exhibit (a)(13) to this Amendment No. 3 to
the Schedule 14D-1, is incorporated herein by reference.
 
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
 
  Item 11 is hereby amended and supplemented by adding thereto the following:
 
<TABLE>
   <C>     <S>
   (a)(13) --Text of press release issued by the Purchaser on May 22, 1997.
</TABLE>
 
 
                               Page 2 of 4 Pages
<PAGE>
 
                                   SIGNATURE
 
  After due 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.
 
                                          Manor Care, Inc.
 
                                                    /s/ James H. Rempe
                                          By: _________________________________
                                            Name: James H. Rempe
                                            Title:Senior Vice President,
                                                  General Counsel and
                                                  Secretary
 
Dated: May 22, 1997
 
                               Page 3 of 4 Pages
<PAGE>
 
                                 EXHIBIT INDEX
 
<TABLE>
<CAPTION>
 EXHIBIT
   NO.   DESCRIPTION
 ------- -----------
 <C>     <S>
 (a)(13) --Text of press release issued by the Purchaser on May 22, 1997.
</TABLE>
 
 
                               Page 4 of 4 Pages

<PAGE>
 
Manor Care, Inc.
11555 Darnestown Road
Gaithersburg, MD 20878-3200
(301) 979-4000

                                                        [LOGO]ManorCare
                                                              Health Services

NEWSRELEASE

CONTACT: Leigh C. Comas, Vice President, Finance and Treasurer
         Kimberly A. Holland, Manager, Investor Relations

FOR IMMEDIATE RELEASE

MANOR CARE COMPLETES TENDER OFFER FOR 5.9% OF THE OUTSTANDING
- -------------------------------------------------------------
SHARES OF VITALINK PHARMACY SERVICES
- ------------------------------------

Gaithersburg, Maryland, May 22, 1997. Manor Care, Inc. (NYSE:MNR), a national
health care provider, today announced that it has successfully completed its
tender offer to purchase 1,500,000 shares of the common stock of Vitalink
Pharmacy Services, Inc. (NYSE:VTK) at a price of $20.00 per share. The offer,
which expired at 12:00 midnight Eastern Daylight Time on Wednesday, May 21,
1997, was oversubscribed. With the successful completion of this tender offer,
Manor Care's ownership interest in Vitalink is raised to approximately 51%.

Based on its preliminary tabulation, the depositary for the offer has informed 
Manor Care that 4,822,757 shares of Vitalink common stock have been tendered, 
which includes 459,377 shares subject to guarantees of delivery. Shares were 
accepted for purchase on a pro rata basis and the preliminary proration factor 
under the offer is approximately 31% for all Vitalink shares tendered. The final
proration factor is expected to be determined on May 29, 1997, after the precise
number of validly tendered shares is calculated and it is anticipated that 
payment for the shares accepted will commence promptly thereafter.

Manor Care, Inc. is one of the largest long-term care providers in the United 
States. The Company operates 176 skilled nursing facilities containing 24,200 
beds and 30 assisted living facilities containing 3,183 units in 28 states. 
Vitalink, the second largest publicly-traded institutional pharmacy company, 
provides medications, consulting, infusion and other ancillary services to 
approximately 172,000 institutional beds as well as to home infusion patients 
through its 56 institutional pharmacies and 4 regional infusion pharmacies. In 
addition to its ownership interest in Vitalink, Manor Care also owns a 
controlling interest in In Home Health, Inc. (Nasdaq:IHHI).







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