IN HOME HEALTH INC /MN/
SC 13E4, 1995-09-20
HOME HEALTH CARE SERVICES
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                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549
                            ------------------------

                                 SCHEDULE 13E-4
                         ISSUER TENDER OFFER STATEMENT
     (PURSUANT TO SECTION 13(E)(1) OF THE SECURITIES EXCHANGE ACT OF 1934)

                              IN HOME HEALTH, INC.

                  (Name of Issuer and Person Filing Statement)

                     COMMON STOCK, PAR VALUE $.01 PER SHARE
                         (Title of Class of Securities)

                                  453222 10 1
                     (CUSIP Number of Class of Securities)
                            ------------------------

                                 JUDY M. FIGGE
                     PRESIDENT AND CHIEF EXECUTIVE OFFICER
                              IN HOME HEALTH, INC.
                           CARLSON CENTER, SUITE 500
                             601 LAKESHORE PARKWAY
                           MINNETONKA, MN 55305-5214
                                 (612) 449-7500
      (Name, Address and Telephone Number of Person Authorized to Receive
      Notices and Communications on Behalf of the Person Filing Statement)

                                    COPY TO:

                            RICHARD D. MCNEIL, ESQ.
                          LINDQUIST & VENNUM P.L.L.P.
                                4200 IDS CENTER
                             MINNEAPOLIS, MN 55402
                                 (612) 371-3211

                               SEPTEMBER 20, 1995
     (Date Tender Offer First Published, Sent or Given to Security Holders)

                           CALCULATION OF FILING FEE

<TABLE>
<CAPTION>
      TRANSACTION VALUATION (1)                  AMOUNT OF FILING FEE
<S>                                     <C>
             $21,896,000                                $4,380
</TABLE>

/ / CHECK  BOX IF PART OF THE FEE IS  OFFSET AS PROVIDED BY RULE 0-11 (A)(2) AND
    IDENTIFY THE  FILING WITH  WHICH  THE OFFSETTING  FEE WAS  PREVIOUSLY  PAID.
    IDENTIFY  THE PREVIOUS FILING BY REGISTRATION  STATEMENT NUMBER, OR THE FORM
    OR SCHEDULE AND THE DATE OF ITS FILING.

Amount previously paid:  Not Applicable       Filing Party:  Not Applicable

Form or registration no.:  Not Applicable     Date filed:  Not Applicable

<TABLE>
<S>  <C>
<FN>
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(1)  Assumes purchase of 6,440,000 shares at $3.40 per share.
</TABLE>

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ITEM 1.  SECURITY AND ISSUER.

    (a) The name of the issuer of the securities to which this statement relates
is In Home Health, Inc., a Minnesota corporation (the "Company"). The address of
its  principal  executive office  is Carlson  Center,  Suite 500,  601 Lakeshore
Parkway, Minnetonka, Minnesota 55305-5214 (telephone number (612) 449-7500).

    (b) Information with respect to the exact number of shares of the  Company's
Common  Stock, par value  $.01 per share  (such shares, together  with all other
outstanding shares of  Common Stock of  the Company, are  herein referred to  as
"Shares"),  being  sought  and  the  consideration  being  offered  therefor  is
incorporated herein by  reference to  Section 1, "Number  of Shares;  Proration;
Extension  of Offer," of  the Offer to  Purchase, dated September  20, 1995 (the
"Offer to Purchase"), filed as Exhibit (a)(2) hereto. As of September 18,  1995,
there  were 16,143,230 Shares outstanding. Some executive officers and directors
of the Company have advised the Company that they may tender all or a portion of
their Shares  pursuant  to  the  offer to  which  this  statement  relates  (the
"Offer").

    (c)  Information with respect to the principal market for and price range of
the Shares is  incorporated herein by  reference to Section  6, "Price Range  of
Shares; Dividends," of the Offer to Purchase.

    (d) Not Applicable.

ITEM 2.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

    (a) The information set forth in Section 8, "Source and Amount of Funds," of
the Offer to Purchase is incorporated herein by reference.

    (b) Not Applicable.

ITEM 3.  PURPOSE OF THE TENDER OFFER AND PLANS OR PROPOSALS OF THE ISSUER OR
AFFILIATE.

    (a)-(j)  Information with respect  to the purpose of  the Offer, the planned
disposition of the Shares in the Offer and the possible results of the Offer  is
incorporated herein by reference to the Letter to the Holders of Common Stock of
the  Company, "Background, Purpose of the Offer and Source of Funds," Section 7,
"Certain Effects of the Offer,"  and Section 9, "Certain Information  Concerning
the Company," of the Offer to Purchase.

ITEM 4.  INTEREST IN SECURITIES OF THE ISSUER.

    The  information in Section 9,  "Certain Information Concerning the Company"
and Section 10, "Transactions and Agreements Concerning the Shares" of the Offer
to Purchase is incorporated herein by reference.

ITEM 5.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO THE ISSUER'S SECURITIES.

    Other than as set forth in the Securities Purchase and Sale Agreement, dated
as of May  2, 1995 and  as amended to  August 3, 1995,  between the Company  and
Manor  Healthcare Corp. (the  "Purchase Agreement") and  the agreements provided
for thereto, neither  the Company nor,  to the Company's  knowledge, any of  its
executive   officers  or  directors  is  a   party  to  any  material  contract,
arrangement, understanding or relationship between them and the Company relating
to the Offer.

ITEM 6.  PERSONS RETAINED, EMPLOYED OR TO BE COMPENSATED.

    The information set forth in Section 14, "Fees and Expenses" of the Offer to
Purchase is incorporated herein by reference.

ITEM 7.  FINANCIAL INFORMATION.

    (a) The information set forth in Section 9, "Certain Information  Concerning
the  Company"  of the  Offer  to Purchase  and Exhibits  (g)  and (h)  hereto is
incorporated herein by reference.

    (b) The  PRO  FORMA  data  set forth  in  Section  9,  "Certain  Information
Concerning  the  Company" of  the Offer  to Purchase  is incorporated  herein by
reference.

                                       2
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ITEM 8.  ADDITIONAL INFORMATION.

    (a)Other than as set forth in the Purchase Agreement, there is no present or
       proposed material  contract, arrangement,  understanding or  relationship
between  the Company and any of  its executive officers, directors or affiliates
respecting the Offer. The information set  forth in Section 7, "Certain  Effects
of the Offer" is incorporated herein by reference.

    (b)There  are no applicable  regulatory requirements which  must be complied
       with  in  connection  with  the  Offer.  The  information  set  forth  in
"Background,  Purpose of the Offer and Source of Funds" of the Offer to Purchase
is incorporated herein by reference.

    (c)Not Applicable.

    (d)Not Applicable.

    (e)Not Applicable.

ITEM 9.  MATERIAL TO BE FILED AS EXHIBITS.

    (a)(1)  Press Release, dated September 20, 1995;

       (2) Offer to Purchase, dated September 20, 1995;

       (3) Letter, dated September 20, 1995,  from Judy M. Figge, President  and
           Chief  Executive Officer of  the Company, to  the stockholders of the
    Company;

       (4) Letter, dated September 20, 1995, from Hambrecht & Quist LLC  (Dealer
           Manager)  to brokers, dealers, commercial  banks, trust companies and
    nominees;

       (5) Form of Letter to Clients;

       (6) Letter of Transmittal;

       (7) Notice of Guaranteed Delivery;

       (8) Form of  proposed advertisement  to  be printed  in THE  WALL  STREET
           JOURNAL on Wednesday, September 20, 1995;

       (9) Letter,  dated September 20, 1995, from  Judy M. Figge, President and
           Chief Executive Officer  of the Company,  to Employee Stock  Purchase
    Plan Participants; and

       (10)Letter,  dated September 20, 1995, from  Judy M. Figge, President and
           Chief Executive  Officer  of the  Company,  to Company  Stock  Option
    Holders.

    (b)Not Applicable.

    (c)The  Purchase Agreement, dated  May 2, 1995  and as amended  to August 3,
       1995, between the Company and Manor Healthcare Corp.

    (d)Not Applicable.

    (e)Not Applicable.

    (f)Not Applicable.

    (g)Audited financial statements for fiscal years 1993 and 1994, set forth on
       pages 9  through  27  of  the Company's  Annual  Report  on  Form  10-K/A
(Amendment No. 2 to Form 10-K) for the fiscal year ended September 30, 1994.

    (h)Interim  unaudited balance sheets and comparative year-to-date statements
       of income and  of changes  in financial position,  set forth  on pages  2
through  8 of  the Company's  Quarterly Reports on  Forms 10-Q  and, as amended,
10-Q/A,  for  the  periods  ended  December   31,  1994  and  March  31,   1995,
respectively,  and pages 2 through 10 of  the Forms 10-Q and, as amended, 10-Q/A
for the period ended June 30, 1995.

    (i)Current Report on Form 8-K filed May 4, 1995.

                                       3
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                                   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.

                                          IN HOME HEALTH, INC.

                                          By:

                                             -----------------------------------
                                              Its President and Chief Executive
                                                           Officer

September 20, 1995

                                       4
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                                 EXHIBIT INDEX

(a) (1)  Press Release, dated September 20, 1995;

    (2) Offer to Purchase, dated September 20, 1995;

    (3)  Letter, dated  September 20,  1995, from  Judy M.  Figge, President and
       Chief Executive  Officer  of the  Company,  to the  stockholders  of  the
       Company;

    (4)  Letter, dated  September 20, 1995,  from Hambrecht &  Quist LLC (Dealer
       Manager) to  brokers  dealers,  commercial  banks,  trust  companies  and
       nominees;

    (5) Form of Letter to Clients;

    (6) Letter of Transmittal;

    (7) Notice of Guaranteed Delivery;

    (8)  Form of proposed advertisement to be printed in THE WALL STREET JOURNAL
       on Wednesday, September 20 1995;

    (9) Letter, dated  September 20,  1995, from  Judy M.  Figge, President  and
       Chief  Executive Officer of the Company,  to Employee Stock Purchase Plan
       Participants; and

    (10) Letter, dated  September 20, 1995,  from Judy M.  Figge, President  and
       Chief Executive Officer of the Company, to Company Stock Option Holders.

(c)  Securities Purchase  and Sale  Agreement, dated  as of  May 2,  1995 and as
    amended to August 3, 1995, between the Company and Manor Healthcare Corp.

(g) Audited financial statements  for fiscal years 1993  and 1994, set forth  on
    pages  9 through 27 of the Company's Annual Report on Form 10-K/A (Amendment
    No. 2 to Form 10-K) for the fiscal year ended September 30, 1994.

(h) Interim unaudited balance sheets and comparative year-to-date statements  of
    income  and of changes in financial position, set forth on pages 2 through 7
    of the  Company's Quarterly  Reports on  Forms 10-Q  and, as  amended,  Form
    10-Q/A,  for  the  periods  ended  December 31,  1994  and  March  31, 1995,
    respectively, and  on pages  2 through  10 of  Forms 10-Q  and, as  amended,
    10-Q/A for the period ended June 30, 1995.

(i) Current Report on Form 8-K filed May 4, 1995.

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