UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
KINETIC CONCEPTS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
49460W-01-0
(CUSIP Number)
Murray A. Indick
Richard C. Blum & Associates, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 29, 1997
(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(b)(3) or (4), check the following
box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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 1 of 22
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 2 of 22
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON STINSON CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3432358
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 3 of 22
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BK CAPITAL PARTNERS IV, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3139027
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 4 of 22
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON THE CARPENTERS PENSION TRUST
FOR SOUTHERN CALIFORNIA
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-6042875
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 5 of 22
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON UNITED BROTHERHOOD OF CARPENTERS
AND JOINERS OF AMERICA LOCAL UNIONS
AND COUNCILS PENSION FUND
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 35-6075035
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Washington, DC
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 6 of 22
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON INSURANCE COMPANY SUPPORTED
ORGANIZATIONS PENSION PLAN
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 13-6284703
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Washington, DC
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 7 of 22
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* Not Applicable
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 8 of 22
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* Not Applicable
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 9 of 22
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* Not Applicable
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION USA
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 10 of 22
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON PRISM PARTNERS I, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3172939
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 11 of 22
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON WEINTRAUB CAPITAL MANAGEMENT
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3151493
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* Not Applicable
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 12 of 22
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON JERALD M. WEINTRAUB
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* Not Applicable
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION USA
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 13 of 22
Item 1. Security and Issuer
- ----------------------------
This Amendment No. 4 to Schedule 13D relates to shares of common stock, (the
"Common Stock") of Kinetic Concepts, Inc. (the "Issuer"). The principal
executive office and mailing address of the Issuer is 8023 Vantage Drive, San
Antonio, Texas 78230. This Amendment is being filed because the Reporting
Persons as described below in Item 2 have revised the purpose of the
transaction (see Item 4, below).
Item 2. Identity and Background
- --------------------------------
This Schedule 13D is filed on behalf of Stinson Capital Partners, L.P., a
California limited partnership ("Stinson"); BK Capital Partners IV, L.P., a
California limited partnership ("BK IV"); the Carpenters Pension Trust for
Southern California (the "Carpenters Trust"); United Brotherhood of Carpenters
and Joiners of America Local Unions and Councils Pension Fund ("UBC");
Insurance Company Supported Organizations Pension Plan ("ICSOPP"); Richard C.
Blum & Associates, L.P., a California limited partnership ("RCBA L.P.");
Richard C. Blum & Associates, Inc., a California corporation ("RCBA Inc.");
and Richard C. Blum, the Chairman and a substantial shareholder of RCBA Inc.;
Prism Partners I, L.P., a California limited partnership ("Prism"); Weintraub
Capital Management, a California general partnership ("WCM"); and Jerald M.
Weintraub, the managing general partner of WCM. Stinson, BK IV, the
Carpenters Trust, UBC, ICSOPP, RCBA L.P., RCBA Inc., and Richard C. Blum are
referred to herein as the "Blum Reporting Persons." Prism, WCM, and Jerald M.
Weintraub are referred to herein as the "Weintraub Reporting Persons." The
Blum Reporting Persons and the Weintraub Reporting Persons are collectively
referred to herein as the "Reporting Persons."
Blum Reporting Persons
- ----------------------
Stinson and BK IV are each a California limited partnership whose principal
business is investing in securities, and whose principal office is located at
909 Montgomery Street, Suite 400, San Francisco, California 94133. RCBA L.P.
is the sole general partner of Stinson and BK IV, and an investment advisor to
the Carpenters Trust, UBC and ICSOPP.
RCBA L.P. is a California limited partnership whose principal business is
acting as general partner for investment partnerships and providing investment
advisory and financial consulting services. RCBA L.P. is a registered
investment adviser with the Securities and Exchange Commission and with the
State of California. The sole general partner of RCBA L.P. is RCBA Inc. The
principal business office address of RCBA L.P. and RCBA Inc. is 909 Montgomery
Street, Suite 400, San Francisco, California 94133. The names of the
executive officers and directors of RCBA Inc., their addresses, citizenship
and principal occupations are as follows:
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 14 of 22
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman
President, Chairman Suite 400 RCBA L.P.
and Director San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. Norway Managing Director
Managing Director Suite 400 RCBA L.P.
and Director San Francisco, CA 94133
Jeffrey W. Ubben 909 Montgomery St. USA Managing Director
Managing Director Suite 400 of Investments,
of Investments San Francisco, CA 94133 RCBA L.P.
George F. Hamel, Jr. 909 Montgomery St. USA Managing Director
Managing Director Suite 400 of Marketing,
of Marketing San Francisco, CA 94133 RCBA L.P.
Marc T. Scholvinck 909 Montgomery St. USA Managing Director
Managing Director Suite 400 and Chief Financial
and Chief Financial San Francisco, CA 94133 Officer,
Officer RCBA, L.P.
Thomas L. Kempner 40 Wall Street USA Chairman, Loeb
Director New York, NY 10005 Partners Corporation,
Investment Banking
Business
The Carpenters Trust is a trust, governed by a board of trustees. Its
principal office is located at 520 South Virgil Avenue, 4th Floor, Los
Angeles, California 90020. The names of the executive officers and trustees
of the Carpenters Trust, their addresses, citizenship and principal occupation
are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Kim Fromer 22225 Acorn Street USA President,
Trustee Chatsworth, CA 91311 Fromer, Inc.
Curtis Conyers, Jr. 4719 Exposition Blvd. USA President,
Trustee Los Angeles, CA 90016 Richard Lane Company
Richard Harris 292 North Wilshire USA General Manager,
Trustee Anaheim, CA 92801 Wesseln Construction
Company, Inc.
Ralph Larison 1925 Water Street USA President,
Trustee Long Beach, CA 90802 Connolly-Pacific Co.
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 15 of 22
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Bert Lewitt 2901 28th Street USA President, Morley
Trustee Santa Monica, CA 90405 Construction Co.
Ronald W. Tutor 15901 Olden Street USA President,
Co-Chairman, Sylmar, CA 91342 Tutor-Saliba Corp.
Trustee
J.D. Butler 412 Dawson Drive USA Executive Secretary,
Trustee Camarillo, CA 93010 Gold Coast District
Council of Carpenters
James K. Bernsen, 520 South Virgil Ave USA Secretary-Treasurer,
Trustee Los Angeles, CA 90020 Southern California-
Nevada Regional
Council of Carpenters
Douglas J. McCarron, 520 South Virgil Ave USA Secretary-Treasurer,
Co-Chairman, Los Angeles, CA 90020 Southern California
Trustee District Council of
Carpenters
Bill Perry 520 South Virgil Ave USA Retired
Trustee Los Angeles, CA 90020
Buddy Self 911 20th Street USA Financial Secretary,
Trustee Bakersfield, CA 91301 Carpenters Local
Union 743
UBC is a trust governed by a board of trustees. Its principal office is
located at 101 Constitution Avenue, N.W., Washington, DC 20001. The name,
address, citizenship and principal occupation of the executive officers and
trustees are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Douglas J. McCarron, 520 South Virgil Ave USA General President,
General President Los Angeles, CA 90020 UBC
and Trustee
Douglas J. Banes, 101 Constitution Ave NW USA First General Vice
First General Vice Washington, DC 20001 President, UBC
President and
Trustee
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 16 of 22
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Andres J. Silins, 101 Constitution Ave NW USA Second General Vice
Second General Vice Washington, DC 20001 President, UBC
President and
Trustee
Byron G. Black 150 Cambria Road North USA Business Representa-
Goderich, Ontario tive, Carpenters
N7A 2R1 Local Union 2222
Kenneth H. Busch 130 Tri-County Parkway USA Secretary and Busi-
Suite 403 ness Manager, South-
Cincinnati, OH 45246 west Ohio District
Council of Carpenters
Jim R. Green 448 Hegenberger Road USA Executive Secretary,
Oakland, CA 94621-1418 Bay Counties District
Council of Carpenters
ICSOPP is a trust, governed by a board of trustees. The principal
administrative office of ICSOPP is located at 1130 Connecticut Avenue, N.W.,
Washington, D.C. 20036. The name, business address and present principal
occupation of each of the trustees and executive officers of ICSOPP are as
follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Robert E. Vagley American Insurance Assn USA President, American
Fiduciary 1130 Connecticut Ave NW Insurance Assn
Washington, DC 20036
Fred R. Marcon Insurance Svcs Office USA President, Insurance
Fiduciary 7 World Trade Center Services Office
New York, NY 10048
Gail P. Norstrom Industrial Risk Insurers USA President & CEO
Fiduciary 85 Woodland Street Industrial Risk
Hartford, CT 06102 Insurers
A. James Brodsky Insurance Company USA Director, Insurance
Director Supported Organizations Company Supported
Pension Plan and Trust Organizations
1130 Connecticut Ave NW Pension Plan and
Washington, DC 20036 Trust
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 17 of 22
Weintraub Reporting Persons
- ---------------------------
Prism is a California limited partnership whose principal business is
investing in securities, and whose principal office is located at 909
Montgomery Street, Suite 400, San Francisco, CA 94133. WCM is the sole
general partner of Prism.
WCM is a California general partnership whose principal business is acting as
general partner for investment partnerships and providing investment advisory
and financial consulting services. WCM is a registered investment adviser
with the Securities and Exchange Commission and with the State of California.
The general partners of WCM are Jerald M. Weintraub and Melody R. Howe
Weintraub. The address, citizenship and principal occupations of the general
partners of WCM are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Jerald M. Weintraub 909 Montgomery Street USA Managing General
Managing General Suite 400 Partner, Weintraub
Partner San Francisco, CA 94133 Capital Management
Melody R. Howe 909 Montgomery Street USA Political Consultant
Weintraub Suite 400
General Partner San Francisco, CA 94133
* * *
To the best knowledge of the Reporting Persons, none of the entities or
persons identified in this Item 2 has, during the past five years, been
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors), nor been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to such
laws.
Item 3. Source and Amount of Funds or Other Consideration
- ----------------------------------------------------------
The source of funds for the purchases of securities was the working capital of
the Blum Reporting Persons and the Weintraub Reporting Persons.
Item 4. Purpose of Transaction
- -------------------------------
The Reporting Persons previously acquired the securities of the Issuer in the
ordinary course of their business, which is an investment business.
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 18 of 22
In the ordinary course of that business, the Blum Reporting Persons may
discuss from time to time with representatives of the Issuer and with selected
shareholders of the Issuer ideas that the Blum Reporting Persons believe might
enhance shareholder value, including ideas that might, if effected, result in
any of the following: the acquisition by persons of additional securities of
the Issuer, an extraordinary corporate transaction involving the Issuer,
and/or changes in the board of directors or management of the Issuer.
Depending upon market conditions and other factors, the Blum Reporting Persons
may acquire additional securities of the Issuer in the open market, in
privately negotiated transactions or otherwise. Alternatively, depending upon
market conditions or other factors, the Blum Reporting Persons may, from time
to time, dispose of some or all of the securities of the Issuer that they own
beneficially.
Other than as set forth in this statement, the Blum Reporting Persons and the
Weintraub Reporting Persons do not have any present plans or proposals that
relate to or would result in any of the consequences listed in paragraphs (a)-
(j) of Schedule 13D, or any agreement regarding such matters, although they
may in the future take actions that would have such consequences.
Item 5. Interest in Securities of the Issuer
- ---------------------------------------------
(a),(b) According to the Issuer's most recent Form 10-Q, there were 42,442,535
shares of Common Stock issued and outstanding as of April 30, 1997. Based
on such information the following Reporting Persons report the following
direct holdings and corresponding percentage interests in the Common Stock:
Shares of Common Percentage
Name Stock Owned Owned
- ------------------- ------------------- -----------
Stinson 444,200 1.05%
BK IV 151,000 0.36%
Carpenters Trust 2,176,950 5.13%
UBC 340,100 0.80%
ICSOPP 315,700 0.74%
Prism 252,000 0.59%
--------- -----
Total 3,679,950 8.67%
========= =====
In addition, because RCBA L.P. has voting and investment power with respect to
360,300 shares that are legally owned by The Common Fund for the account of
its Equity Fund ("The Common Fund"), those shares are reported as beneficially
owned by RCBA L.P. The Common Fund is principally engaged in the business of
managing investments for educational institutions. The principal
administrative office of The Common Fund is located at 450 Post Road East,
Westport, Connecticut 06881-0909. The Common Fund disclaims membership in a
group with any of the Reporting Persons, and disclaims beneficial ownership of
any shares held by the Reporting Persons.
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 19 of 22
Voting and investment power with respect to the above shares held by Stinson,
BK IV, Carpenters Trust, UBC, ICSOPP and The Common Fund are held solely by
RCBA L.P. The Blum Reporting Persons therefore may be deemed to be members in
a group, in which case each Reporting Person would be deemed to have
beneficial ownership of an aggregate of 3,788,250 shares of the Common Stock,
which is 8.93% of the outstanding Common Stock. As the sole general partner
of RCBA L.P., RCBA Inc. is deemed the beneficial owner of the securities over
which RCBA L.P. has voting and investment power. As Chairman, director and a
substantial shareholder of RCBA Inc., Richard C. Blum might be deemed to be
the beneficial owner of the securities beneficially owned by RCBA Inc.
Although Mr. Blum is joining in this Schedule as a Reporting Person, the
filing of this Schedule shall not be construed as an admission that he, or any
of the other shareholders, directors or executive officers of RCBA Inc. is,
for any purpose, the beneficial owner of any of the securities that are
beneficially owned by RCBA Inc.
Voting and investment power with respect to the above shares held by Prism are
held solely by WCM. The Weintraub Reporting Persons therefore may be deemed
to be members in a group, in which case each Weintraub Reporting Person would
be deemed to have beneficial ownership of an aggregate of 252,000 shares of
the Common Stock, which is 0.59% of the outstanding Common Stock. As the
managing general partner of WCM, Jerald M. Weintraub might be deemed to be the
beneficial owner of the securities beneficially owned by WCM. Although
Jerald M. Weintraub is joining in this Schedule as a Weintraub Reporting
Person, the filing of this Schedule shall not be construed as an admission
that he is, for any purpose, the beneficial owner of any of the securities
that are beneficially owned by WCM.
Certain of the shares of Common Stock owned by the Reporting Persons were
acquired in block trades by the Blum Reporting Persons and the Weintraub
Reporting Persons. These shares were then divided among the Reporting
Persons. Because of the block trades, the Blum Reporting Persons and the
Weintraub Reporting Persons may be deemed to have constituted a group for
purposes of acquiring certain shares of the stock. Thus, the Reporting
Persons have reported their holdings in aggregate on Lines 8, 10, 11, and 13
of Schedule 13D, i.e., 4,040,250 shares of Common Stock, which is 9.52% of the
outstanding Common Stock. Although each of the Reporting Persons identified
might be deemed to be part of a group by virtue of the acquisition of the
shares specified in the first sentence of this paragraph, they all, except as
disclosed herein, disclaim acting as a group and disclaim "beneficial
ownership" in the shares of each of such persons (other than himself, herself,
or itself). No Blum Reporting Person has the right or power to, and does not
exercise any control over, the management of policies of any Weintraub
Reporting Person or exercise investment discretion over any account managed by
any Weintraub Reporting Person. Conversely, no Weintraub Reporting Person has
the right or power to, and does not exercise any control over, the management
or policies of any Blum Reporting Person or exercise investment discretion
over any account managed by any Blum Reporting Person.
(c), (d) and (e) Not applicable.
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 20 of 22
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
- -----------------------------------------------------------------
None of the Reporting Persons or, to the best knowledge of the Reporting
Persons, the other persons named in Item 2, is a party to any contract,
arrangement, understanding or relationship with respect to any securities
of the Issuer, including but not limited to the transfer or voting of any
securities of the Issuer, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits
or loss, or the giving or withholding of proxies, except (i) as
previously disclosed, or (ii) as noted above, RCBA L.P. has the power to
vote and dispose of the Common Stock held by it for the benefit of the
Common Fund.
Item 7. Material to be Filed as Exhibits
- -----------------------------------------
Exhibit A Joint Filing Undertaking.
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 21 of 22
SIGNATURES
After reasonable inquiry and to the best or our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: May 30, 1997
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Marc T. Scholvinck By /s/ Marc T. Scholvinck
------------------------------- -----------------------------------
Marc T. Scholvinck Marc T. Scholvinck
Managing Director and Managing Director and
Chief Financial Officer Chief Financial Officer
STINSON CAPITAL PARTNERS, L.P. /s/ Marc T. Scholvinck
BK CAPITAL PARTNERS IV, L.P. ---------------------------------------
RICHARD C. BLUM
By Richard C. Blum & Associates, By Marc T. Scholvinck,
L.P., its General Partner Attorney-in-Fact
By /s/ Marc T. Scholvinck THE CARPENTERS PENSION TRUST FOR
--------------------------- SOUTHERN CALIFORNIA
Marc T. Scholvinck,
Managing Director and UNITED BROTHERHOOD OF CARPENTERS
Chief Financial Officer AND JOINERS OF AMERICA LOCAL UNIONS
AND COUNCILS PENSION FUND
PRISM PARTNERS I, L.P.
INSURANCE COMPANY SUPPORTED
By Weintraub Capital Management, ORGANIZATIONS PENSION PLAN
its General Partner
By Richard C. Blum & Associates, L.P.,
By /s/ Jerald M. Weintraub its Investment Advisor
-----------------------
Jerald M. Weintraub By /s/ Marc T. Scholvinck
Managing General Partner -------------------------------
Marc T. Scholvinck,
WEINTRAUB CAPITAL MANAGEMENT Managing Director and
Chief Financial Officer
By /s/ Jerald M. Weintraub
------------------------
Jerald M. Weintraub,
Managing General Partner
/s/ Jerald M. Weintraub
- -------------------------------
JERALD M. WEINTRAUB
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 22 of 22
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: May 30, 1997
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Marc T. Scholvinck By /s/ Marc T. Scholvinck
------------------------------- -----------------------------------
Marc T. Scholvinck Marc T. Scholvinck
Managing Director and Managing Director and
Chief Financial Officer Chief Financial Officer
STINSON CAPITAL PARTNERS, L.P. /s/ Marc T. Scholvinck
BK CAPITAL PARTNERS IV, L.P. ---------------------------------------
RICHARD C. BLUM
By Richard C. Blum & Associates, By Marc T. Scholvinck,
L.P., its General Partner Attorney-in-Fact
By /s/ Marc T. Scholvinck THE CARPENTERS PENSION TRUST FOR
--------------------------- SOUTHERN CALIFORNIA
Marc T. Scholvinck,
Managing Director and UNITED BROTHERHOOD OF CARPENTERS
Chief Financial Officer AND JOINERS OF AMERICA LOCAL UNIONS
AND COUNCILS PENSION FUND
PRISM PARTNERS I, L.P.
INSURANCE COMPANY SUPPORTED
By Weintraub Capital Management, ORGANIZATIONS PENSION PLAN
its General Partner
By Richard C. Blum & Associates, L.P.,
By /s/ Jerald M. Weintraub its Investment Advisor
-----------------------
Jerald M. Weintraub By /s/ Marc T. Scholvinck
Managing General Partner -------------------------------
Marc T. Scholvinck,
WEINTRAUB CAPITAL MANAGEMENT Managing Director and
Chief Financial Officer
By /s/ Jerald M. Weintraub
------------------------
Jerald M. Weintraub,
Managing General Partner
/s/ Jerald M. Weintraub
- -------------------------------
JERALD M. WEINTRAUB
