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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 2
TO
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
PACIFIC REHABILITATION & SPORTS MEDICINE, INC.
(Name of Subject Company)
HORIZON PRSM CORPORATION
HORIZON/CMS HEALTHCARE CORPORATION
(Bidders)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
694926 10 6
(CUSIP Number of Class of Securities)
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SCOT SAUDER
Vice President of Legal Affairs,
Secretary and General Counsel
Horizon/CMS Healthcare Corporation
6001 Indian School Road, N.E., Suite 530
Albuquerque, NM 87110
(505) 881-4961
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications on Behalf of Bidder)
Copy to:
JAMES H. WILSON
Vinson & Elkins L.L.P.
2300 First City Tower
1001 Fannin
Houston, Texas 77002-6760
(713) 758-2222
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CUSIP No. 694926 10 6 14D-1
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(1) Name of reporting person....................................................
Horizon PRSM
Corporation
S.S. or I.R.S. Identification No. of above person...........................
85-0446446
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(2) Check the appropriate box if a member of a group
(see instructions):
(a) / /
(b) / /
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(3) SEC use only
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(4) Sources of funds (see instructions)
BK
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(5) Check box if disclosure of legal proceedings is required pursuant to Items
2(e) or 2(f): / /
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(6) Citizenship or place of organization
Delaware
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(7) Aggregate amount beneficially owned by reporting person
All of the issued and outstanding shares of common stock, par value
$.01 per share
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(8) Check box if the aggregate amount in Row 7 excludes certain shares
(see instructions) / /
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(9) Percent of class represented by amount in Row 7
100%
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(10) Type of reporting person (see instructions)
CO
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2
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CUSIP No. 694926 10 6 14D-1
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(1) Name of reporting person....................................................
Horizon/CMS Healthcare
Corporation
S.S. or I.R.S. Identification No. of above person...........................
93-1072052
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(2) Check the appropriate box if a member of a group
(see instructions):
(a) / /
(b) / /
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(3) SEC use only
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(4) Sources of funds (see instructions)
BK
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(5) Check box if disclosure of legal proceedings is required pursuant to Items
2(e) or 2(f): / /
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(6) Citizenship or place of organization
Delaware
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(7) Aggregate amount beneficially owned by reporting person
All of the issued and outstanding shares of common stock, par value
$.01 per share
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(8) Check box if the aggregate amount in Row 7 excludes certain shares
(see instructions) / /
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(9) Percent of class represented by amount in Row 7
100%
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(10) Type of reporting person (see instructions)
CO
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CUSIP No. 694926 10 6 14D-1
This Amendment No. 2 serves as the final amendment to Schedule
14D-1 and reflects the acquisition by Horizon PRSM Corporation
("Horizon PRSM"), a Delaware corporation and a wholly owned
indirect subsidiary of Horizon/CMS Healthcare Corporation
("Parent"), of shares of common stock, par value $.01 per share
("Common Stock") of Pacific Rehabilitation & Sports Medicine,
Inc., a Delaware corporation ("Pacific Rehab"), on December 23,
1996, pursuant to Horizon PRSM's offer to purchase (the "Offer to
Purchase") all of the issued and outstanding shares of Common Stock
for $6.50 per share in cash. Horizon PRSM accepted for payment all
of the shares of Common Stock validly tendered and not withdrawn
pursuant to the Offer to Purchase, which expired at midnight on
Friday, December 20, 1996. As a result, pursuant to the Offer to
Purchase, Horizon PRSM acquired 8,007,886 shares of Common Stock or
96.2% of the outstanding shares of Common Stock. On December 30,
1996, Horizon PRSM was merged with and into Pacific Rehab, and as a
result, a wholly owned subsidiary of Parent currently owns all of
the issued and outstanding shares of Common Stock.
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.
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<S> <C>
Date: December 30, 1996 HORIZON PRSM CORPORATION
By: /s/Scot Sauder
Scot Sauder
VICE PRESIDENT--LEGAL AFFAIRS
Date: December 30, 1996 HORIZON/CMS HEALTHCARE CORPORATION
By: /s/Scot Sauder
Scot Sauder
VICE PRESIDENT--LEGAL AFFAIRS
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