<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13-2(a)
Apria Healthcare Group, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $0.001
- --------------------------------------------------------------------------------
(Title of Class of Securities)
037933108
- --------------------------------------------------------------------------------
(CUSIP Number)
Peter C. Cooper
Cooper & LeVasseur, LLC
2010 Main Street, Suite 1220
Irvine, California 92614
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 17, 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 that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.113d-1(g), check
the following box. [ ]
<PAGE> 2
CUSIP No. 037933108 Schedule 13D Page 2 of 11
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Peter C. Cooper
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions): See Item 3 below
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization: New Zealand
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power: 948,950
Shares ----------------------------------------------------------------
Beneficially 8. Shared Voting Power: 1,089,000
Owned ----------------------------------------------------------------
by Each 9. Sole Dispositive Power: 948,950
Reporting ----------------------------------------------------------------
Person With 10. Shared Dispositive Power: 1,089,000
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting
Person: 2,836,900
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 5.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
<PAGE> 3
CUSIP No. 037933108 Schedule 13D Page 3 of 11
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Gilbert E. LeVasseur, Jr.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions): See Item 3 below
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization: USA
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power: 798,950
Shares ----------------------------------------------------------------
Beneficially 8. Shared Voting Power: 1,089,000
Owned ----------------------------------------------------------------
by Each 9. Sole Dispositive Power: 798,950
Reporting ----------------------------------------------------------------
Person With 10. Shared Dispositive Power: 1,089,000
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting
Person: 2,836,900
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 5.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
<PAGE> 4
CUSIP No. 037933108 Schedule 13D Page 4 of 11
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Cooper & LeVasseur, LLC; EIN: 33-0815143
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions): See Item 3 below
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power: 1,089,000
Shares ---------------------------------------------------------------
Beneficially 8. Shared Voting Power: 0
Owned ---------------------------------------------------------------
by Each 9. Sole Dispositive Power: 1,089,000
Reporting ---------------------------------------------------------------
Person With 10. Shared Dispositive Power: 0
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting
Person: 2,836,900
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 5.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
OO
<PAGE> 5
CUSIP No. 037933108 Schedule 13D Page 5 of 11
- --------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Cooper Capital, LLC; EIN: 33-0676298
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds (See Instructions): See Item 3 below
- --------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization: Delaware
- --------------------------------------------------------------------------------
Number of 7. Sole Voting Power: 948,950
Shares ---------------------------------------------------------------
Beneficially 8. Shared Voting Power: 1,089,000
Owned ---------------------------------------------------------------
by Each 9. Sole Dispositive Power: 948,950
Reporting ---------------------------------------------------------------
Person With 10. Shared Dispositive Power: 1,089,000
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting
Person: 2,836,900
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11): 5.5%
- --------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
OO
<PAGE> 6
Item 1. Security and Issuer
This Schedule 13D relates to shares of common stock, par value
$0.001 (the "Common Stock"), of Apria Healthcare Group, Inc., a Delaware
corporation (the "Issuer"). The principal executive office and mailing address
of the Issuer is 3560 Hyland Avenue, Costa Mesa, California 92626.
Item 2. Identity and Background
This Schedule 13D is being filed by Peter C. Cooper
("Cooper"), Gilbert E. LeVasseur, Jr. ("LeVasseur"), Cooper & LeVasseur, LLC, a
Delaware limited liability company ("Cooper & LeVasseur"), and Cooper Capital,
LLC, a Delaware limited liability company ("Cooper Capital") (collectively, the
"Reporting Persons"). The principal business office address of each of the
Reporting Persons is 2010 Main Street, Suite 1220, Irvine, California 92614.
Each of Peter C. Cooper and Gilbert E. LeVasseur, Jr. are
private investors who also serve as controlling persons of certain other
investment entities. Peter C. Cooper is the sole manager of Cooper Capital, a
limited liability company which serves as the general partner or managing member
of certain private investment funds. Cooper Capital and Mr. LeVasseur are the
managing members of Cooper & LeVasseur. Cooper & LeVasseur is the sole general
partner of C&L Capital Partners, L.P., a Delaware limited partnership ("Fund
I"), and C&L Capital Partners II, L.P., a Delaware limited partnership ("Fund
II"). Fund I and Fund II are private investment funds, investing in securities
of both private and public companies. Cooper Capital also serves as general
partner of Clifton Investments, L.P., a Delaware limited partnership
("Clifton"), which is a private investment fund. Mr. LeVasseur also serves as
trustee of the Gilbert E. LeVasseur, Jr. Revocable Trust ("LeVasseur Trust").
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
Fund I, Fund II, Clifton and LeVasseur Trust used funds in the
amount of $3,881,912, $1,981,564, $5,231,371 and $6,070,475 to purchase the
Common Stock, respectively. All funds used to purchase the shares of Common
Stock of the Issuer on behalf of Fund I, Fund II and Clifton came directly from
the assets of such entities. The source of funds for the purchases by the
LeVasseur Trust was the investment assets of the LeVasseur Trust.
6
<PAGE> 7
Item 4. Purpose of Transaction
The purpose of the acquisition of the Common Stock is for
investment, and the acquisitions of the Common Stock were made in the ordinary
course of business and were not made for the purpose of acquiring control of the
Issuer.
Although no Reporting Person has any specific plan or proposal
to acquire or dispose of the Common Stock, consistent with its investment
purpose, each Reporting Person at any time and from time to time may acquire
additional Common Stock or dispose of any or all of its Common Stock depending
upon an ongoing evaluation of the investment in the Common Stock, prevailing
market conditions, other investment opportunities, liquidity requirements of the
Reporting Persons and/or other investment considerations.
Also, consistent with the investment purpose, the Reporting
Persons may engage in communications with one or more shareholders of the
Issuer, one or more officers of the Issuer and/or one or more members of the
board of directors of the Issuer and/or one or more representatives of the
Issuer regarding the Issuer, including, but not limited to, its operations. The
Reporting Persons may discuss ideas that, if effected, may result in any of the
following: the acquisition by persons of additional Common Stock of the Issuer,
an extraordinary corporate transaction involving the Issuer, and/or changes in
the board of directors or management of the Issuer.
Except to the extent the foregoing may be deemed a plan or
proposal, none of the Reporting Persons has any plans or proposals which relate
to, or could result in, any of the matters referred to in paragraph (a) through
(j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting
Persons may, at any time and from time to time, review or reconsider their
position and/or change their purpose and/or formulate plans or proposals with
respect thereto.
Item 5. Interest in Securities of the Issuer
(a) and (b). According to the Issuer's most recent From 10-Q,
there were 51,779,059 shares of Common Stock issued and outstanding as of
October 30, 1998. Based on such information and after taking into account the
transactions described in Item 5(c) below, (i) each of Cooper, LeVasseur, Cooper
& LeVasseur and Cooper Capital beneficially owns 2,836,900 shares of Common
Stock, which represents 5.5% of the outstanding shares of the Common Stock of
the Issuer.
Fund I beneficially owns 783,300 shares of the Common Stock
(approximately 1.5% of the total number of outstanding shares of Common Stock).
Fund II beneficially owns 305,700 shares of the Common Stock (approximately 0.6%
of the total number of outstanding shares of Common Stock). Clifton beneficially
owns 948,950 shares of the Common Stock (approximately 1.8% of the total number
of outstanding shares of Common Stock). The LeVasseur Trust owns 798,950 shares
of the Common Stock (approximately 1.5% of the total number of outstanding
shares of Common Stock).
7
<PAGE> 8
Mr. Cooper, through Cooper Capital, possesses (i) sole power
to vote and direct the disposition of all shares of Common Stock owned by
Clifton, and (ii) shared power to vote and direct the disposition, through
Cooper & LeVasseur, of all shares of Common Stock owned by each of Fund I and
Fund II.
Mr. LeVasseur possesses (i) sole power to vote and direct the
disposition of all shares of Common Stock owned by the LeVasseur Trust, and (ii)
shared power to vote and direct the disposition, through Cooper & LeVasseur, of
all shares of Common Stock owned by each of Fund I and Fund II.
As a result, Cooper & LeVasseur, and its managing members,
Gilbert E. LeVasseur, Jr. and Cooper Capital, and its manager, Peter C. Cooper,
may be deemed to beneficially own the shares of Common Stock directly owned by
Fund I and Fund II. Further, Cooper Capital, and its manager, Peter C. Cooper,
may be deemed to beneficially own the shares of Common Stock directly owned by
Clifton. Finally, Mr. LeVasseur may be deemed to beneficially own the shares of
Common Stock directly owned by the LeVasseur Trust.
(c) During the last 60 days, the Reporting Persons, or other
parties identified in Item 2 purchased the following shares of Common Stock in
the open market:
<TABLE>
<CAPTION>
Entity Date of Transaction Number of Shares Price Per Share
- --------------- ------------------- ---------------- ---------------
<S> <C> <C> <C>
Clifton March 26, 1999 41,250 $7.45
LeVasseur Trust March 26, 1999 41,250 7.45
Clifton March 25, 1999 17,350 7.37
LeVasseur Trust March 25, 1999 17,350 7.37
Clifton March 24, 1999 20,000 7.34
LeVasseur Trust March 24, 1999 20,000 7.34
Clifton March 23, 1999 30,700 7.68
LeVasseur Trust March 23, 1999 30,700 7.68
Clifton March 18, 1999 10,000 7.88
LeVasseur Trust March 18, 1999 10,000 7.88
Clifton March 17, 1999 12,500 7.95
LeVasseur Trust March 17, 1999 12,500 7.95
</TABLE>
(d) and (e) Not Applicable.
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,
8
<PAGE> 9
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 as previously disclosed.
Item 7. Material to be Filed as Exhibits
Exhibit A: Joint Filing Agreement
9
<PAGE> 10
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: March 26, 1999
/s/ Peter C. Cooper
----------------------------------
Peter C. Cooper
/s/ Gilbert E. LeVasseur, Jr.
----------------------------------
Gilbert E. LeVasseur, Jr.
COOPER & LeVASSEUR, LLC,
By: Cooper Capital, LLC, Member
By: /s/ Peter C. Cooper
-------------------------------
Peter C. Cooper, Manager
By: /s/ Gilbert E. LeVasseur, Jr.
-------------------------------
Gilbert E. LeVasseur, Jr., Manager
COOPER CAPITAL, LLC
By: /s/ Peter C. Cooper
-------------------------------
Peter C. Cooper, Manager
10
<PAGE> 11
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: March 26, 1999
/s/ Peter C. Cooper
----------------------------------
Peter C. Cooper
/s/ Gilbert E. LeVasseur, Jr.
----------------------------------
Gilbert E. LeVasseur, Jr.
COOPER & LeVASSEUR, LLC,
By: Cooper Capital, LLC, Member
By: /s/ Peter C. Cooper
-------------------------------
Peter C. Cooper, Manager
By: /s/ Gilbert E. LeVasseur, Jr.
-------------------------------
Gilbert E. LeVasseur, Jr., Manager
COOPER CAPITAL, LLC
By: /s/ Peter C. Cooper
-------------------------------
Peter C. Cooper, Manager
11
