Page 1 of 11 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
HCR MANOR CARE, INC.
-----------------------------------------------------
(Name of Issuer)
COMMON
-----------------------------------------------------
(Title of Class of Securities)
404134108
-----------------------------------------------------
(CUSIP Number)
Linda S. Martinson, Esq. (212) 583-2000
767 Fifth Avenue, 24th Floor, New York, NY 10153
-----------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 18, 1999
-----------------------------------------------------
(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 [ ].
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing 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.)
*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).
SEC 1746 (12-91)<PAGE>
<PAGE>
Amendment Number 1 to Schedule 13D (continued)
CUSIP No. 404134108 Page 2 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Baron Capital Group, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(C) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,320,000
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 13,300,500
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,320,000
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,300,500
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,620,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC, CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
<PAGE>
Amendment Number 1 to Schedule 13D (continued)
CUSIP No. 404134108 Page 3 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BAMCO, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(C) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 11,087,700
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
11,087,700
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,087,700
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
<PAGE>
Amendment Number 1 to Schedule 13D (continued)
CUSIP No. 404134108 Page 4 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Baron Capital Management, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(C) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,320,000
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 2,212,800
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,320,000
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,212,800
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,532,800
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
<PAGE>
Amendment Number 1 to Schedule 13D (continued)
CUSIP No. 404134108 Page 5 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Baron Asset Fund
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(C) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 10,350,700
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,350,700
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,350,700
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IV, OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
<PAGE>
Amendment Number 1 to Schedule 13D (continued)
CUSIP No. 404134108 Page 6 of 11 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ronald Baron
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(C) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,473,620
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 13,300,500
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,473,620
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,300,500
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,774,120
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
<PAGE>
Page 7 of 11 Pages
Item 1. Security and Issuer
(a) Name of Issuer:
HCR Manor Care, Inc.
(b) Address of Issuer's Principal Executive Offices:
One Seagate
Toledo, OH 43604
(c) Title and Class of Securities:
Common
Item 2. Identity and Background
(a) Name:
Baron Capital Group, Inc. ('BCG')
BAMCO, Inc. ('BAMCO')
Baron Capital Management, Inc. ('BCM')
Baron Asset Fund ('BAF')
Ronald Baron
(b) Business Address:
767 Fifth Avenue
New York, NY 10153
(c) Present Principal Employment:
BCG: Holding company
BAMCO: Investment adviser
BCM: Investment adviser
BAF: Registered investment company
Ronald Baron: President: BCG, BAMCO, BCM; CEO OF BAF
767 Fifth Avenue
New York, NY 10153
(d) Record of Convictions:
No material change.
(e) Record of Civil Proceedings:
No material change.
(f) Citizenship:
No material change.
Item 3. Source and Amount of Funds or Other Consideration
Ronald Baron owns 153,620 shares of the issuer directly. These
shares were acquired in connection with the merger of Manor Care,
Inc. and Health Care Retirement, Inc. (the "Merger"). BAMCO, Inc.
directed the purchase of 5,000 shares of the Issuer for its
investment advisory clients, specifically Baron Capital Asset Fund,
for aggregate purchase price of $120,716. BCM directed the purchase
of 789,234 shares of the Issuer for its investment advisory clients
for an aggregate purchase price of $18,718,343 and 432,900 shares of
the Issuer for two investment partnerships for an aggregate purchase
price of $10,051,689. All of the shares were paid for by cash
assets in the respective clients' accounts and/or by margin
borrowings pursuant to standard margin agreements.
<PAGE>
<PAGE>
Page 8 of 11 Pages
Item 4. Purpose of Transaction
The securities referred to herein were acquired in the ordinary
course of business and were not acquired for the purpose of and
do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purposes
of effect. Filing Persons reserve the right to discuss management
and other proposals with other persons.
Item 5. Interest in Securities of the Issuer
(a) Amount and percentage beneficially owned:
BCG: 14,620,500 13.2%
BAMCO: 11,087,700 10.0%
BCM: 3,532,800 3.2%
BAF: 10,350,700 9.3%
Ronald Baron: 14,774,120 13.3%
(b) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
BCG: 1,320,000
BAMCO: 0
BCM: 1,320,000
BAF: 0
Ronald Baron: 1,473,620
(ii) shared power to vote or direct the vote:
BCG: 13,300,500
BAMCO: 11,087,700
BCM: 2,212,800
BAF: 10,350,700
Ronald Baron: 13,300,500
(iii) sole power to dispose or to direct the disposition:
BCG: 1,320,000
BAMCO: 0
BCM: 1,320,000
BAF: 0
Ronald Baron: 1,473,620
(iv) shared power to dispose or direct the disposition:
BCG: 13,300,500
BAMCO: 11,087,700
BCM: 2,212,800
BAF: 10,350,700
Ronald Baron: 13,300,500
*Reporting Persons may be deemed to share power to vote and
dispose of shares referred to herein as a result of control
relationships (BCG and Ronald Baron with respect to all of
the shares; BAMCO with respect to the BAF shares) and
pursuant to investment advisory relationships with advisory
clients. Reporting Persons disclaim beneficial ownership
of the shares for which they share power.
(c) A schedule of transactions effected in the last sixty days is
attached hereto.
<PAGE>
<PAGE>
Page 9 of 11 Pages
(d) Ownership of More than Five Percent on Behalf of Another Person:
No material change.
(e) Ownership of Less than Five Percent:
Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
No material change.
Item 7. Material to be Filed as Exhibits
Exhibit 99 - 60 days of trading.
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: March 26, 1999
Baron Capital Group, Inc., BAMCO, Inc.,
Baron Capital Management, Inc. and
Baron Assert Fund
By:
/s/ Ronald Baron
_______________________________________
Ronald Baron, President
Ronald Baron, Individually
By:
/s/ Ronald Baron
_______________________________________
Ronald Baron
Transaction Schedule
From 01-24-99 To 03-24-99
Exec.
Date Acct ID Trans Qty Price
- -------- ------- ----- ------- -------
01-25-99 bcm buy 3,000 29.1875
01-29-99 bamco buy 1,000 26.9136
01-29-99 bcm buy 7,900 26.9136
02-04-99 bcm buy 10,000 25.2813
02-04-99 bcm buy 5,000 25.3125
02-05-99 bcm buy 5,000 25.1660
02-05-99 bcm buy 13,000 25.1660
02-05-99 bcm buy 5,000 25.1660
02-08-99 bcm buy 700 25.5839
02-08-99 bcm buy 1,600 25.5625
02-08-99 bcm buy 1,824 25.5625
02-08-99 bcm buy 3,000 25.5625
02-09-99 bcm buy 300 25.2138
02-09-99 bcm buy 1,100 25.2138
02-09-99 bcm buy 10,000 25.2138
02-09-99 bcm buy 2,000 25.2138
02-09-99 bcm buy 1,000 25.2138
02-09-99 bcm buy 200 25.2138
02-09-99 bcm buy 700 25.2138
02-09-99 bcm buy 700 25.2138
02-09-99 bcm buy 600 25.6250
02-09-99 bcm buy 700 25.2138
02-09-99 bcm buy 1,000 25.2138
02-09-99 bcm buy 2,500 25.2138
02-09-99 bcm buy 5,000 25.2138
02-11-99 bcm buy 700 25.2500
02-11-99 bcm buy 3,000 25.2500
02-22-99 bcm buy 25,000 24.4993
02-22-99 bcm buy 3,300 24.3795
02-22-99 bcm buy 500 24.4146
02-22-99 bcm buy 8,000 24.4146
02-22-99 bcm buy 1,500 24.4146
02-22-99 bcm buy 15,000 24.5000
02-22-99 bcm buy 2,000 24.5000
02-22-99 bcm buy 2,000 24.5000
02-22-99 bcm buy 1,900 24.3750
02-22-99 bcm buy 2,500 24.4146
02-22-99 bcm buy 3,100 24.5000
02-22-99 bcm buy 1,000 24.5000
02-22-99 bcm buy 17,000 24.4531
02-22-99 bcm buy 300 24.4146
02-22-99 bcm buy 1,500 24.4146
02-22-99 bcm buy 1,000 24.4146
02-22-99 bcm buy 650 24.4146
02-22-99 bcm buy 2,500 24.4146
02-22-99 bcm buy 900 24.4146
02-22-99 bcm buy 1,500 24.4531
02-22-99 bcm buy 1,500 24.4531
02-22-99 bcm buy 700 24.4146
02-22-99 bcm buy 2,000 24.5000
02-22-99 bcm buy 6,000 24.3750
02-22-99 bcm buy 6,000 24.5000
02-22-99 bcm buy 6,500 24.4146
02-22-99 bcm buy 1,060 24.4146
02-22-99 bcm buy 13,000 24.4993
02-22-99 bcm buy 12,000 24.4993
02-22-99 bcm buy 5,000 24.5000
02-22-99 bcm buy 4,900 24.4146
02-22-99 bcm buy 600 24.5000
02-22-99 bcm buy 25,000 24.5000
02-23-99 bcm buy 50,000 24.3125
02-24-99 bamco buy 2,000 23.5000
02-25-99 bcm buy 25,000 23.0963
02-26-99 bcm buy 45,000 22.2500
02-26-99 bcm buy 10,000 22.2500
02-26-99 bcm buy 50,000 22.4997
02-26-99 bcm buy 25,000 22.5875
02-26-99 bcm buy 50,000 22.0547
02-26-99 bcm buy 50,000 22.2497
03-01-99 bcm buy 25,000 23.2514
03-01-99 bamco buy 2,000 23.2514
03-02-99 bcm buy 25,000 23.9025
03-03-99 bcm buy 40,000 24.1875
03-04-99 bcm buy 10,000 23.9100
03-05-99 bcm buy 8,000 24.2383
03-08-99 bcm buy 5,300 24.0000
03-09-99 bcm buy 10,000 24.2288
03-17-99 bcm buy 40,000 23.0000
03-17-99 bcm buy 10,000 22.8750
03-18-99 bcm buy 25,000 23.5000
03-19-99 bcm buy 25,000 23.5000
