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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
Cambio, Inc.
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
13200N 10 0
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(CUSIP Number)
Jay S. Nickse
c/o Venad Administrative Services, Inc.
342 Madison Avenue
New York, N.Y. 10173
212-599-2535
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 1, 2000 - June 12, 2000
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(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of the Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [X]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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 filed 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 the
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).
(Continued on following page(s))
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CUSIP No. 13200N 10 0 13D
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frederick R. Adler
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X ]
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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
United States of America
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,322,000 (includes 1,322,000 shares issuable upon
BENEFICIALLY conversion of 2,644 shares of Series B Preferred
OWNED BY Stock).
EACH ---------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON 0 Shares - But may be deemed to have shared power to vote
WITH a total of 711,500 (includes 711,500 shares issuable
upon conversion of 1,423 shares of Series B Preferred
Stock) shares by reason of being a General Partner of the
Partnership that serves as a Member of Euro America
Venture Partners LLC, the general partner of Euro-America-
II, L.P., ("Euro-America), a Delaware Limited Partnership.
Mr. Adler disclaims beneficial ownership of such shares.
--------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,322,000 (includes 1,322,000 shares issuable upon
conversion of 2,644 shares of Series B Preferred
Stock).
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 Shares - But may be deemed to have shared power to vote
a total of 711,500 (includes 711,500 shares issuable
upon conversion of 1,423 shares of Series B Preferred
Stock) shares by reason of being a General Partner of the
Partnership that serves as a Member of Euro America
Venture Partners LLC, the general partner of Euro-America-
II, L.P., ("Euro-America), a Delaware Limited Partnership.
Mr. Adler disclaims beneficial ownership of such shares.
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,322,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ X ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
less than 5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 13200N 10 0 13D
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Euro-America-II, L.P. ("Euro-America")
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 711,500 (includes 711,500 shares issuable upon
BENEFICIALLY conversion of 1,423 shares of Series B Preferred Stock)
OWNED BY except that Mr. Adler as General Partner of the
EACH partnership that serves as a Member of Euro America
REPORTING Venture Partners LLC, the general partner of
PERSON Euro-America-II, L.P.,("Euro-America"), a Delaware Limited
WITH Partnership may be deemed to have shared power to vote the
Euro-America shares.
--------------------------------------------------------------
8 SHARED VOTING POWER
See response to Row 7 above
--------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
711,500 (includes 711,500 shares issuable upon
conversion of 1,423 shares of Series B Preferred Stock)
except that Mr. Adler as General Partner of the
partnership that serves as a Member of Euro America
Venture Partners LLC, the general partner of
Euro-America-II, L.P.,("Euro-America"), a Delaware Limited
Partnership may be deemed to have shared power to vote the
Euro-America shares.
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
See response to Row 9 above
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
711,500
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ X ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
less than 5%
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
Schedule 13D
Item 1. Security and Issuer
This statement relates to the Class A Common Stock and Series B Convertible
Preferred Stock of Cambio, Inc. formerly Meadowbrook Rehabilitation Group, Inc.
("Cambio"). Cambio's executive offices are located at 6006 North Mesa Street,
Suite 515, El Paso, Texas 79912.
Item 2. Identity and Background
(a) This statement is filed by Frederick R. Adler ("Mr. Adler")and
Euro-America-II L.P. ("Euro-America") . Mr. Adler and Euro-America are sometimes
collectively referred to as the "Reporting Persons".
The Reporting Persons may be deemed to be a "group" for the purposes of
Section 13(d) and 13(g) of the Securities Exchange Act of 1934, as amended (the
"Act"), and the rules thereunder, although each expressly disclaims any
assertion or presumption that it or any other persons on whose behalf this
Statement and the Agreement attached as Exhibit 2 hereto should not be construed
to be an admission that any of the Reporting Persons is a member of a "group"
consisting of one or more persons.
(b) The address of the principal business office of Mr. Adler is c/o Adler
& Company, 1520 South Ocean Boulevard, Palm Beach, Florida 33480 and of
Euro-America is c/o Venad Administrative Services, Inc. 342 Madison Avenue
New York, N.Y. 10173
(c) Mr. Adler is Managing Director of Adler & Company, 1520 South Ocean
Boulevard, Palm Beach, Florida 33480, a venture capital management firm, and is
a general partner of its related investment funds. Mr. Adler is of counsel to
the law firm of Fulbright and Jaworski L.L.P., 666 Fifth Avenue, New York, New
York 10103. Euro-America II is a Delaware Limited Partnership.
Item 3. Source and Amount of Funds or Other Consideration
N/A
Item 4. Purpose of Transaction
This Amendment #8 is filed to report the sales of 1,335,106 shares and
786,034 shares of Class A common stock and the conversion of 2,000 shares and
1,000 shares of Series B Preferred Stock into 1,000,000 and 500,000 shares of
Class A common stock by Frederick R. Adler and Euro-America-II, L.P.,
respectively, during the period May 1, 2000 through June 12, 2000. This is the
final filing by the Reporting Persons.
Item 5. Interest in Securities of the Issuer
See Items 7 through 13 of the Schedule 13D cover page.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Item 7. Material to be Filed as Exhibits
Exhibit 1 - Agreement to File Joint Statement on Schedule 13D
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Signature
After reasonable 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.
Date: June 12, 2000 /s/ Frederick R. Adler
-----------------------------------
Frederick R. Adler, in his individual
capacity, and in his capacity as a
General Partner of a Member of the
Limited Liability Company, which is
the General Partner of Euro-America
II, L.P.
