GENESIS HEALTH VENTURES INC /PA
S-3MEF, 1996-05-23
SKILLED NURSING CARE FACILITIES
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<PAGE>
     As filed with the Securities and Exchange Commission on May 23, 1995 
                                                    Registration No. 333- 

                      SECURITIES AND EXCHANGE COMMISSION 
                            Washington, D.C. 20549 
                                    ------ 
                                   FORM S-3 
                            REGISTRATION STATEMENT 
                                    UNDER 
                          THE SECURITIES ACT OF 1933 
                                    ------ 

                        GENESIS HEALTH VENTURES, INC. 
            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) 

         Pennsylvania                                         06-1132947 
(State or other jurisdiction of                            (I.R.S. Employer 
incorporation or organization)                          Identification Number) 

                            148 West State Street 
                      Kennett Square, Pennsylvania 19348 
                           Telephone (610) 444-6350 
   (Address, including zip code, and telephone number, including area code, 
                 of Registrant's principal executive offices) 
           Michael R. Walker, Chairman and Chief Executive Officer 
                        Genesis Health Ventures, Inc. 
                            148 West State Street 
                      Kennett Square, Pennsylvania 19348 
                           Telephone (610) 444-6350 
          (Name, address, including zip code, and telephone number, 
                  including area code, of agent for service) 
                                  Copies to: 
         Richard J. McMahon, Esquire                 John B. Tehan, Esquire 
       Blank, Rome, Comisky & McCauley             Simpson Thacher & Bartlett 
         1200 Four Penn Center Plaza                  425 Lexington Avenue 
      Philadelphia, Pennsylvania 19103              New York, New York 10017 

   Approximate Date of Commencement of Proposed Sale to the Public: As soon 
as practicable after the effective date of this Registration Statement. 

   If the only securities being registered on this Form are being offered 
pursuant to dividend or interest reinvestment plans, please check the 
following box. [ ] 

   If any of the securities being registered on this Form are to be offered 
on a delayed or continuous basis pursuant to Rule 415 under the Securities 
Act of 1933, other than securities offered only in connection with dividend 
or interest reinvestment plans, check the following box. [ ] 

   If this Form is filed to register additional securities for an offering 
pursuant to Rule 462(b) under the Securities Act, please check the following 
box and list the Securities Act registration statement number of the earlier 
effective registration statement for the same offering. [X] 333-4132 

   If this Form is a post-effective amendment filed pursuant to Rule 462(c) 
under the Securities Act, check the following box and list the Securities Act 
registration statement number of the earlier effective registration statement 
for the same offering. [ ] 

   If delivery of the prospectus is expected to be made pursuant to Rule 434, 
please check the following box. [ ]

                       CALCULATION OF REGISTRATION FEE 
<TABLE>
<CAPTION>
===========================================================================================
                                        Proposed        Proposed 
                                        maximum         maximum 
  Title of securities  Amount to be  offering price     aggregate        Amount of 
   to be registered     registered    per Share (1) offering price (1) registration fee 
- - -------------------------------------------------------------------------------------------
<S>                    <C>           <C>            <C>                <C>
Common Stock, $0.02 
par value  .........  575,000 shares     $32.50       $18,687,500       $6,444.00 
- - -------------------------------------------------------------------------------------------
(1) Estimated solely for the purpose of calculating the registration fee. 
===========================================================================================
</TABLE>
<PAGE>

              INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 

   The information in the Registration Statement filed by Genesis Health 
Ventures, Inc. with the Securities and Exchange Commission (the "Commission") 
(File No. 333-4132) pursuant to the Securities Act of 1933, as amended, is 
incorporated by reference into this Registration Statement. 
<PAGE>

                       SIGNATURES AND POWER OF ATTORNEY 

   Pursuant to the requirements of the Securities Act of 1933, the registrant 
certifies that it has reasonable grounds to believe that it meets all of the 
requirements for filing on Form S-3 and has duly caused this Registration 
Statement to be signed on its behalf by the undersigned, thereunto duly 
authorized, in the City of Kennett Square, Commonwealth of Pennsylvania, on 
May 23, 1996. 

                                          GENESIS HEALTH VENTURES, INC. 

                                          By: /s/ MICHAEL R. WALKER 
                                             -------------------------------- 
                                             Michael R. Walker 
                                             Chairman, Chief Executive 
                                             Officer and 
                                             Director 

   KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears 
below constitutes and appoints Michael R. Walker and Richard R. Howard, and 
each of them, his true and lawful attorneys-in-fact and agents, with full 
power of substitution or resubstitution, for him and in his name, place and 
stead, in any and all capacities, to sign any and all amendments to this 
Registration Statement, and to file the same, with all exhibits thereto, and 
other documentation in connection therewith, with the Securities and Exchange 
Commission, granting unto said attorneys-in-fact and agents full power and 
authority to do and perform each and every act and thing requisite and 
necessary to be done in and about the premises, as fully to all intents and 
purposes as he might or could do in person, hereby ratifying and confirming 
all that said attorneys-in-fact and agents, or their substitute or 
substitutes, may lawfully do or cause to be done by virtue hereof. 

   Pursuant to the requirements of the Securities Act of 1933, this 
Registration Statement has been signed below by the following persons in the 
capacities and on the date indicated. 

<TABLE>
<CAPTION>
          Signature                          Capacity                      Date 
- - ---------------------------   -----------------------------------   ---------------- 
<S>                           <C>                                    <C>


     /s/ MICHAEL R. WALKER 
- - ----------------------------  Chairman, Chief Executive                May 23, 1996 
      Michael R. Walker       Officer and Director 


    /s/ RICHARD R. HOWARD     President, Chief Operating               May 23, 1996 
- - ----------------------------  Officer and Director
      Richard R. Howard        
 

     /s/ SAMUEL H. HOWARD     Director                                 May 23, 1996 
- - ---------------------------- 
      Samuel H. Howard 

     /s/ ROGER C. LIPITZ      Director                                 May 23, 1996 
- - ---------------------------- 
       Roger C. Lipitz 

    /s/ STEPHEN E. LUONGO     Director                                 May 23, 1996 
- - ---------------------------- 
      Stephen E. Luongo 

      /s/ ALAN B. MILLER      Director                                 May 23, 1996 
- - ---------------------------- 
       Alan B. Miller 

      /s/ FRED F. NAZEM       Director                                 May 23, 1996 
- - ---------------------------- 
        Fred F. Nazem 


   /s/ GEORGE V. HAGER, JR.   Senior Vice President and Chief          May 23, 1996 
- - ----------------------------  Financial Officer              
    George V. Hager, Jr.      

   /s/ EDWARD J. BOEGGEMAN    Vice President and Controller            May 23, 1996 
- - ---------------------------- 
     Edward J. Boeggeman 

</TABLE>

                                      II-1
<PAGE>
                              INDEX TO EXHIBITS 

 Exhibit No.                   Description of Exhibit                Page No. 
 ---------------   ---------------------------------------------   ------------ 
23.1              Consent of KPMG Peat Marwick LLP. 
23.2              Consents of Ernst & Young LLP. 
24.1              Power of Attorney (included on page II-1). 



<PAGE>


                                                                    EXHIBIT 23.1


                        Consent of Independent Auditors

The Board of Directors
Genesis Health Ventures, Inc.:

We consent to the use of our report included herein and to the reference to our
firm under the heading "Experts" in the prospectus.

We also consent to the incorporation by reference in this Registration 
Statement on Form S-3 of Genesis Health Ventures, Inc. of our report dated
November 29, 1995 on the financial statement schedules for each of the years
in the three-year period ended September 30, 1995, which report appears in
the September 30, 1995 annual report on Form 10-K of Genesis Health 
Ventures, Inc., and our report dated May 26, 1994 relating to the combined
balance sheet of Meridan Healthcare Group as of November 30, 1993 and the 
related combined statements of operations, shareholders' deficit, and cash flows
for the 11 month period ended November 30, 1993, which report appears on the 
Company's Current Report on Form 8-K/A dated November 30, 1993.


                                           /s/ KPMG Peat Marwick LLP
                                         ------------------------------ 
                                             KPMG Peat Marwick LLP

Philadelphia, Pennsylvania
May 21, 1996




<PAGE>

                                                                 Exhibit 23.2

                         Consent of Indepedent Auditors


We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Amendment No. 2 to Form S-3 No. 333-4132) and related
Prospectus of Genesis Health Ventures, Inc. for the registration of 6,900,000
shares of its common stock and to the incorporation by reference therein of our
report dated February 24, 1995, with respect to the financial statements and
other financial information of McKerley Health Facilities included in Genesis
Health Ventures, Inc.'s Current Report (Form 8K/A), dated April 5, 1996, filed
with the Securities and Exchange Commission.

We also consent to the incorporation by reference in this registration statement
on Form S-3 for the registration of 575,000 shares of Genesis Health Ventures,
Inc. common stock of the aforementioned reference to our firm under the caption
"Experts" in the Registration Statement (Amendment No. 2 to Form S-3 No.
333-4132) and related Prospectus, and to the incorporation by reference therein
of our report dated February 24, 1995 on the aforementioned financial statements
of McKerley Health Facilities included in Genesis Health Ventures, Inc. Current
Report (Form 8-K/A), dated April 5, 1996.


                                         /s/ Ernst & Young LLP
                                         ------------------------------
                                             Ernst & Young LLP



Manchester, New Hampshire
May 22, 1996
<PAGE>


                         Consent of Indepedent Auditors


We consent to the reference to our firm under the caption "Experts" in Amendment
No. 2 to Form S-3 No. 333-4132 and related Prospectus of Genesis Health
Ventures, Inc. for the registration of 6,900,000 shares of its common stock and
to the incorporation by reference therein of our report dated February 6, 1995,
with respect to the financial statements of McKerley Health Care Center--Concord
Limited Partnership included in Genesis Health Ventures, Inc.'s Current Report 
(Form 8K/A), dated April 5, 1996, filed with the Securities and Exchange 
Commission.

We also consent to the incorporation by reference in this registration statement
on Form S-3 for the registration of 575,000 shares of Genesis Health Ventures,
Inc. common stock of the aforementioned reference to our firm under the caption
"Experts" in the Registration Statement (Amendment No. 2 to Form S-3 No.
333-4132) and related Prospectus, and to the incorporation by reference therein
or our report dated February 6, 1995 on the aforementioned financial statements
of McKerley Health Care Center--Concord Limited Partnership included in Genesis
Health Ventures, Inc. Current Report (Form 8-K/A), dated April 5, 1996.


                                         /s/ Ernst & Young LLP
                                         ------------------------------
                                             Ernst & Young LLP



Manchester, New Hampshire
May 22, 1996
<PAGE>
                         Consent of Indepedent Auditors


We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Amendment No. 2 to Form S-3 No. 333-4132 and related
Prospectus of Genesis Health Ventures, Inc. for the registration of 6,900,000
shares of its common stock and to the incorporation by reference therein of our
report dated February 24, 1995, with respect to the financial statements of
McKerley Health Care Centers, Inc. included in Genesis Health Ventures, Inc.'s
Current Report (Form 8K/A), dated April 5, 1996, filed with the Securities and
Exchange Commission.

We also consent to the incorporation by reference in this registration statement
on Form S-3 for the registration of 575,000 shares of Genesis Health Ventures,
Inc. common stock of the aforementioned reference to our firm under the caption
"Experts" in the Registration Statement (Amendment No. 2 to Form S-3 No.
333-4132) and related Prospectus, and to the incorporation by reference therein
of our report dated February 24, 1995 on the aforementioned financial statements
of McKerley Health Care Centers, Inc. included in Genesis Health Ventures, Inc.
Current Report (Form 8-K/A), dated April 5, 1996.


                                         /s/ Ernst & Young LLP
                                         ------------------------------
                                             Ernst & Young LLP



Manchester, New Hampshire
May 22, 1996


<PAGE>

                       Consent of Independent Auditors




We consent to the reference to our firm under the caption "Experts" in
Amendment No. 2 to the Registration Statement (Form S-3 No. 333-4132) and
related Prospectus of Genesis Health Ventures, Inc. for the registration of
6,900,000 shares of its common stock and to the incorporation by reference
therein of our report dated  March 15, 1996, with respect to the combined
financial statements of National Health Care Affiliates, Inc. and Related
Entities for the year ended December 31, 1995, included in Genesis Health
Ventures, Inc. Current Report (Form 8-K/A), dated May 3, 1996, filed with the
Securities and Exchange Commission.

We also consent to the incorporation by reference in this registration
statement on Form S-3: for the registration of 575,000 shares of Genesis Health
Ventures, Inc. common stock of the aforementioned reference to our firm under
the caption "Experts" in Amendment No. 2 to the Registration Statement (Form
S-3 No. 333-4132) and Related Prospectus, and of our report dated March 15,
1996 on the aforementioned combined financial statements of National Health
Care Affiliates, Inc. and Related Entities included in Genesis Health
Ventures, Inc. Current Report (Form 8-K/A), dated May 3,1996.


                                         /s/ Ernst & Young LLP
                                         ------------------------------
                                             Ernst & Young LLP



Buffalo, New York
May 23, 1996




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