UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _________)*
HEALTHCARE RECOVERIES, INC.
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
42220K101
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(CUSIP Number)
Lawrence E. Auriana, Chairman
The Kaufmann Fund, Inc.
140 East 45th Street, 43rd Floor NY, NY
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 19, 2000
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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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), (f) or (g), check the following box [X]
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.
*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.
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).
<PAGE>
SCHEDULE 13D
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CUSIP No. 42220K101 Page 2 of 7 Pages
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
The Kaufmann Fund, Inc. ID No. 13-2605091
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 1,396,000
PERSON WITH ---------------------------------------------
8. SHARED VOTING POWER
None
---------------------------------------------
9. SOLE DISPOSITIVE POWER
1,396,000
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10. SHARED DISPOSITIVE POWER
None
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,396,000
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4%
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14. TYPE OF REPORTING PERSON*
IV
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<PAGE>
SCHEDULE 13D
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CUSIP No. 42220K101 Page 3 of 7 Pages
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Edgemont Asset Management Corporation ID No. 13-3336194
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING None
PERSON WITH ---------------------------------------------
8. SHARED VOTING POWER
1,396,000
---------------------------------------------
9. SOLE DISPOSITIVE POWER
None
---------------------------------------------
10. SHARED DISPOSITIVE POWER
1,396,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,396,000
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4%
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14. TYPE OF REPORTING PERSON*
IA
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<PAGE>
SCHEDULE 13D
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CUSIP No. 42220K101 Page 4 of 7 Pages
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Lawrence E. Auriana
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
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NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 73,500
PERSON WITH ------------------------------------
8. SHARED VOTING POWER
1,396,000
------------------------------------
9. SOLE DISPOSITIVE POWER
73,500
------------------------------------
10. SHARED DISPOSITIVE POWER
1,396,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,469,500
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.1%
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14. TYPE OF REPORTING PERSON*
IN
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<PAGE>
ITEM 1. SECURITY AND ISSUER.
This Statement relates to the common stock, par value $.001
("Common Stock"), of HEALTHCARE RECOVERIES, INC. (the "Issuer"). The principal
executive offices of the Issuer are located at 1400 Watterson Tower, Louisville,
Kentucky, 40218.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this Statement ("Reporting Persons") are The Kaufmann
Fund, Inc., a Maryland corporation, Edgemont Asset Management Corporation, a New
York Corporation ("Edgemont"), and Lawrence E. Auriana, a controlling
shareholder of Edgemont. The principal office or business address of each
Reporting Persons is 140 E. 45th Street, 43rd Floor, New York, New York 10017.
The principal business of The Kaufmann Fund is investing in securities, and the
principal business of Edgemont is providing management and investment advisory
services to The Kaufmann Fund. Mr. Auriana's principal occupation is serving as
Chairman of The Kaufmann Fund and President of Edgemont. Mr. Auriana is a U.S.
citizen.
During the last five years, none of the Reporting Persons has been
convicted in a criminal proceeding (excluding traffic violations and similar
misdemeanors) or been a party to any civil proceeding and as a result thereof
was or is subject to any judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violations with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS
The funds used by The Kaufmann Fund to acquire the Common Stock came
from the Fund's working capital, and the funds used by Lawrence Auriana to
acquire his holdings of the Common Stock came from his personal assets.
ITEM 4. PURPOSE OF TRANSACTION
The Kaufmann Fund acquired its shares of the Common Stock in the
ordinary course of business for investment purposes. Mr. Auriana acquired his
personal holdings of the Common Stock for investment purposes. On June 13, 1997,
The Kaufmann Fund filed a Schedule 13G pursuant to Rule 13d-1(c). This Schedule
13D is being filed pursuant to Rule 13d-1(e)(i). The Reporting Persons are
currently evaluating possible courses of action they might take with respect to
their interests in the Issuer's Common Stock. They have not yet made any
decisions about such courses of action. The Reporting Persons will consider a
variety of factors in determining their courses of action including, but not
limited to, the Issuer's business and prospects, other developments concerning
the Issuer and the Issuer's industries generally, other business opportunities
available to the Reporting Persons and other developments with respect to the
business of the Reporting Persons, general economic conditions and monetary and
stock market conditions, including the market price of the Common Stock. The
Reporting Persons will consider the feasibility and advisability of various
alternative courses of action, and the Reporting Persons reserve the right (i)
to hold their shares of Common Stock as passive investors or as active investors
(whether or not as a member of a group with other beneficial owners of the
Common Stock or otherwise), (ii) to form a group with other beneficial owners of
Common Stock, (iii) to acquire beneficial ownership of additional shares of
Common Stock in the open market, in privately negotiated transactions or
otherwise, (iv) to dispose of all or part of their holdings of Common Stock, (v)
to take other actions which could involve one or more of the types of
transactions or have one or more of the results described in the next paragraph
of this Item 4, or (vi) to change their intention with respect to any or all of
the matters referred to in this Item 4.
<PAGE>
Other than as described above, the Reporting Persons have no present
plans or proposals which relate to or would result in: (a) the acquisition by
any person of additional securities of the Issuer, or the disposition of
securities of the Issuer; (b) an extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving the Issuer or any of its
subsidiaries; (c) a sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries; (d) any change in the present Board of
Directors or management of the Issuer, including any plans or proposals to
change the number or terms of directors or to fill any existing vacancies on the
Board; (e) any material change in the present capitalization or dividend policy
of the Issuer; (f) any other material change in the Issuer's business or
corporate structure; (g) changes in the Issuer's charter, by-laws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person; (h) causing a class of securities of the
Issuer to be deleted from a national securities exchange or to cease to be
authorized to be quoted in any inter-dealer quotation system or a registered
national securities association; (i) a class of equity securities of the Issuer
becoming eligible for termination of registration pursuant to Section 12(g)(4)
of the Exchange Act; or (j) any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the date of this Statement, The Kaufmann Fund beneficially
owns, and Edgemont and Mr. Auriana are deemed to beneficially own, 1,396,000
shares of the Common Stock of the Issuer, representing approximately 12.4% of
the Common Stock currently outstanding. Additionally, Mr. Auriana personally
owns another 73,500 shares of the Common Stock outstanding, which makes him a
beneficial owner in the aggregate of 13.1% of the Common Stock currently
outstanding.
(b) The Kaufmann Fund has sole voting and dispositive power with respect
to 1,396,000 shares of the Common Stock. Each of Edgemont and Mr. Auriana have
shared voting and dispositive power with respect to the Fund's 1,396,000 shares
of the Common Stock. Mr. Auriana has sole voting and dispositive power with
respect to 73,500 shares.
(c) None of The Kaufmann Fund, Edgemont or Mr. Auriana have effected
transactions in the Common Stock during the past sixty days.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
(a) Joint Filing Agreement
<PAGE>
SIGNATURE
After due inquiry, to the best of our knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
Dated: June 19, 2000
The Kaufmann Fund, Inc.
By: /s/ Lawrence E. Auriana, Chairman
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Edgemont Asset Management Corporation
By: /s/ Lawrence E. Auriana, President
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/s/ Lawrence E. Auriana
----------------------------------
Lawrence E. Auriana
