<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 7)
Under the Securities Exchange Act of 1934
PhyCor, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, no par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
71940F10
--------------------------------------------------------------------------------
(CUSIP Number of Class of Securities)
Stephen Distler
E.M. Warburg, Pincus & Co., LLC
466 Lexington Avenue
New York, New York 10017
(212) 878-0600
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Steven J. Gartner, Esq.
Willkie Farr & Gallagher
787 Seventh Avenue
New York, NY 10019-6099
(212) 728-8000
June 21, 2000
--------------------------------------------------------------------------------
(Date of Event which Requires
Filing of this Schedule)
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: [ ]
<PAGE>
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 71940F10 Page 2 of 12 Pages
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Equity Partners, L.P. I.D. #13-3986317
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
22,248,463
NUMBER OF
SHARES --------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON WITH --------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
22,248,463
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
23,543,347
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.5%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 71940F10 Page 3 of 12 Pages
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co. I.D. #13-6358475
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
23,543,347
NUMBER OF
SHARES --------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON WITH --------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
23,543,347
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
23,543,347
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.5%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 71940F10 Page 4 of 12 Pages
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Co., LLC I.D. #13-3536050
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
23,543,347
NUMBER OF
SHARES --------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON WITH --------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
23,543,347
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
23,543,347
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.5%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 71940F10 Page 5 of 12 Pages
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Netherlands Equity Partners I, C.V.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
706,300
NUMBER OF
SHARES --------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON WITH --------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
706,300
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
23,543,347
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.5%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 71940F10 Page 6 of 12 Pages
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Netherlands Equity Partners II, C.V.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
470,867
NUMBER OF
SHARES --------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON WITH --------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
470,867
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
23,543,347
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.5%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
-------------------------- ------------------------
CUSIP No. 71940F10 Page 7 of 12 Pages
-------------------------- ------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Netherlands Equity Partners III, C.V.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
117,717
NUMBER OF
SHARES --------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON WITH --------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
117,717
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
23,543,347
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.5%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This Amendment No. 7 amends the Schedule 13D filed on December 28, 1998
(the "Initial Filing"), as amended by Amendment No. 1 to the Schedule 13D filed
on January 4, 1999, Amendment No. 2 to the Schedule 13D filed on January 13,
1999, Amendment No. 3 to the Schedule 13D filed on March 8, 1999, Amendment No.
4 to the Schedule 13D filed on June 17, 1999, Amendment No. 5 to the Schedule
13D filed on August 27, 1999 and Amendment No. 6 to the Schedule 13D filed on
September 10, 1999 (collectively with the Initial Filing, the "Schedule 13D"),
on behalf of Warburg, Pincus Equity Partners, L.P., a Delaware limited
partnership ("WPEP"), Warburg, Pincus & Co., a New York general partnership
("WP"), and E.M. Warburg, Pincus & Co., LLC, a New York limited liability
company ("EMW LLC"). In addition, Warburg, Pincus Netherlands Equity Partners I,
C.V. ("WPNEPI"), Warburg, Pincus Netherlands Equity Partners II, C.V.
("WPNEPII") and Warburg, Pincus Netherlands Equity Partners III, C.V.
("WPNEPIII" and, together with WPNEPI, WPNEPII and WPEP, the "Warburg Entities")
are included as Reporting Entities in this Amendment No. 7.
Unless otherwise indicated herein, each capitalized term used but not
defined herein shall have the meaning assigned to such term in the Schedule 13D.
Item 2
------
The list of general partners of WP and the members of EMW LLC referred to
in paragraph (a) of Item 2 of the Schedule 13D is hereby amended and restated
and attached hereto as Schedule I.
8 of 12 Pages
<PAGE>
Item 3
------
Item 3 of the Schedule 13D is hereby amended by adding the following:
"Beginning on June 14, 2000, the Warburg Entities purchased additional
shares of Common Stock in the open market. The total amount of funds required by
the Warburg Entities to purchase this Common Stock as of June 22, 2000 was
$581,981.88, and was furnished from the working capital of the Warburg
Entities."
Item 4
------
Item 4 of the Schedule 13D is hereby amended by adding the following:
"On June 8, 2000, the Company, WP, EMW LLC and the Warburg Entities
mutually determined that the Company would not issue the Series B Notes as
contemplated by the Purchase Agreement. The Purchase Agreement provides that in
the event of such a determination, the Warburg Entities may purchase up to
15,000,000 shares of the Common Stock in the open market within a period of six
months following the date of such determination."
Item 5
------
Paragraph (a) of Item 5 of the Schedule 13D is hereby amended by adding the
following:
"As of June 22, 2000, following additional open market purchases, the
Reporting Entities beneficially owned 23,543,347 shares of Common Stock. By
reason of their respective relationships with the Warburg Entities, each of the
Reporting Entities may be deemed under Rule 13d-3 under the Exchange Act to own
beneficially all of the shares of Common Stock which each of
9 of 12 Pages
<PAGE>
the Warburg Entities beneficially owns. As of June 22, 2000, 23,543,347 shares
of Common Stock represented beneficial ownership of approximately 26.5% of the
outstanding shares of Common Stock."
Paragraph (b) of Item 5 of the Schedule 13D is hereby amended and restated
in its entirety to read as follows:
"WP and EMW LLC have the sole power to dispose or to direct the
disposition, and to vote or to direct the vote, with respect to 23,543,347
shares of Common Stock and all shares of Common Stock acquired by WPEP. WPEP has
the sole power to dispose or to direct the disposition, and to vote or to direct
the vote, with respect to 22,248,463 shares of Common Stock. WPNEPI, WPNEPII and
WPNEPIII have the sole power to dispose or to direct the disposition, and to
vote or to direct the vote, with respect to 706,300, 470,867 and 117,717 shares
of Common Stock, respectively."
Schedule II hereto sets forth a list of open market purchases of Common
Stock made by the Reporting Entities in the last sixty days.
10 of 12 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: June 22, 2000 WARBURG, PINCUS EQUITY
PARTNERS, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
-------------------------------
Stephen Distler
Partner
Dated: June 22, 2000 WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
-------------------------------
Stephen Distler
Partner
Dated: June 22, 2000 E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
-------------------------------
Stephen Distler
Member
Dated: June 22, 2000 WARBURG, PINCUS NETHERLANDS
EQUITY PARTNERS I, C.V.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
-------------------------------
Stephen Distler
Partner
11 of 12 Pages
<PAGE>
Dated: June 22, 2000 WARBURG, PINCUS NETHERLANDS
EQUITY PARTNERS II, C.V.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
-------------------------------
Stephen Distler
Partner
Dated: June 22, 2000 WARBURG, PINCUS NETHERLANDS
EQUITY PARTNERS III, C.V.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
-------------------------------
Stephen Distler
Partner
12 of 12 Pages
<PAGE>
Schedule I
Set forth below is the name, position and present principal occupation of
each of the general partners of Warburg, Pincus & Co. ("WP") and members of E.M.
Warburg, Pincus & Co., LLC ("EMW LLC"). The sole general partner of Warburg,
Pincus Equity Partners, L.P. ("WPEP") is WP. Except as otherwise indicated, the
business address of each of such persons is 466 Lexington Avenue, New York, New
York 10017, and each of such persons is a citizen of the United States.
GENERAL PARTNERS OF WP
----------------------
------------------------ -------------------------------------------------------
PRESENT PRINCIPAL OCCUPATION IN ADDITION
TO POSITION WITH WP, AND POSITIONS
NAME WITH THE REPORTING ENTITIES
------------------------ -------------------------------------------------------
Joel Ackerman Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Harold Brown Partner of WP; Member and Senior Managing Director of
EMW LLC
------------------------ -------------------------------------------------------
W. Bowman Cutter Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Cary J. Davis Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Stephen Distler Partner of WP; Member, Managing Director and Treasurer
of EMW LLC
------------------------ -------------------------------------------------------
Stewart K. P. Gross Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Patrick T. Hackett Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Jeffrey A. Harris Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
William H. Janeway Partner of WP; Member and Senior Managing Director of
EMW LLC
------------------------ -------------------------------------------------------
Douglas M. Karp Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
<PAGE>
------------------------ -------------------------------------------------------
Charles R. Kaye Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Henry Kressel Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Joseph P. Landy Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Sidney Lapidus Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Kewsong Lee Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Jonathan S. Leff Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Reuben S. Leibowitz Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
David E. Libowitz Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Nancy Martin Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Edward J. McKinley Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Rodman W. Moorhead III Partner of WP; Member and Senior Managing Director of
EMW LLC
------------------------ -------------------------------------------------------
Howard H. Newman Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Gary D. Nusbaum Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Dalip Pathak Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Lionel I. Pincus Managing Partner of WP; Managing Member, Chairman of
the Board and Chief Executive Officer of EMW LLC
------------------------ -------------------------------------------------------
John D. Santoleri Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
<PAGE>
------------------------ -------------------------------------------------------
Henry Schacht Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Steven G. Schneider Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
John L. Vogelstein Partner of WP; Member and Vice Chairman of EMW LLC
------------------------ -------------------------------------------------------
Elizabeth H. Weatherman Partner of WP; Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Pincus & Co.*
------------------------ -------------------------------------------------------
NL & Co.**
------------------------ -------------------------------------------------------
---------------------
* New York limited partnership; primary activity is ownership interest in WP and
EMW LLC.
** New York limited partnership; primary activity is ownership interest in WP.
<PAGE>
MEMBERS OF EMW LLC
------------------
------------------------ -------------------------------------------------------
PRESENT PRINCIPAL OCCUPATION IN ADDITION
TO POSITION WITH EMW LLC, AND POSITIONS
NAME WITH THE REPORTING ENTITIES
------------------------ -------------------------------------------------------
Joel Ackerman Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Frank M. Brochin (1) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Harold Brown Member and Senior Managing Director of EMW LLC; Partner
of WP
------------------------ -------------------------------------------------------
W. Bowman Cutter Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Cary J. Davis Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Stephen Distler Member, Managing Director, and Treasurer of EMW LLC;
Partner of WP
------------------------ -------------------------------------------------------
Tetsuya Fukagawa (2) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Stewart K. P. Gross Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Alf Grunwald (3) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Patrick T. Hackett Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Jeffrey A. Harris Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Roberto Italia (4) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
William H. Janeway Member and Senior Managing Director of EMW LLC; Partner
of WP
------------------------ -------------------------------------------------------
Douglas M. Karp Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Charles R. Kaye Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
<PAGE>
------------------------ -------------------------------------------------------
Henry Kressel Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Rajiv B. Lall (5) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Joseph P. Landy Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Sidney Lapidus Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Kewsong Lee Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Jonathan S. Leff Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Reuben S. Leibowitz Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
David E. Libowitz Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Nicholas J. Lowcock (6) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
John W. MacIntosh (7) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Nancy Martin Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Edward J. McKinley Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
James McNaught-Davis (6) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Rodman W. Moorhead III Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Howard H. Newman Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Gary D. Nusbaum Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Dalip Pathak Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
<PAGE>
------------------------ -------------------------------------------------------
Lionel I. Pincus Managing Member, Chairman of the Board and Chief
Executive of EMW LLC; Managing Partner of WP
------------------------ -------------------------------------------------------
John D. Santoleri Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Henry Schacht Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Steven G. Schneider Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Dominic H. Shorthouse
(6) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Melchior Stahl (3) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Chang Q. Sun (8) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
John L. Vogelstein Member and Vice Chairman of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Elizabeth H. Weatherman Member and Managing Director of EMW LLC; Partner of WP
------------------------ -------------------------------------------------------
Jeremy S. Young (6) Member and Managing Director of EMW LLC
------------------------ -------------------------------------------------------
Pincus & Co.*
------------------------ -------------------------------------------------------
(1) - Citizen of France
(2) - Citizen of Japan
(3) - Citizen of Germany
(4) - Citizen of Italy
(5) - Citizen of India
(6) - Citizen of United Kingdom
(7) - Citizen of Canada
(8) - Citizen of China
* New York limited partnership; primary activity is ownership interest in WP and
EMW LLC
<PAGE>
Schedule II
Recent Purchases of the Common Stock of PhyCor, Inc.
----------------- -------------------------- --------------- -------------
Name of Purchaser Number of Shares Purchased Price Per Share Date of Trade
----------------- -------------------------- --------------- -------------
----------------- -------------------------- --------------- -------------
Warburg Entites 178,000 $0.59375 6/14/00
----------------- -------------------------- --------------- -------------
Warburg Entities 276,700 $0.59375 6/15/00
----------------- -------------------------- --------------- -------------
Warburg Entities 201,058 $0.62500 6/16/00
----------------- -------------------------- --------------- -------------
Warburg Entities 170,706 $0.62500 6/19/00
----------------- -------------------------- --------------- -------------
Warburg Entities 28,900 $0.62500 6/20/00
----------------- -------------------------- --------------- -------------
Warburg Entities 98,542 $0.62500 6/21/00
----------------- -------------------------- --------------- -------------
