INTEGRAMED AMERICA INC
SC 13D, 1998-04-14
OFFICES & CLINICS OF DOCTORS OF MEDICINE
Previous: EXPRESS SCRIPTS INC, 8-K, 1998-04-14
Next: ARROW INTERNATIONAL INC, 10-Q, 1998-04-14




                                   -------------------------------------------
                                                  OMB APPROVAL
                                   -------------------------------------------
                                     OMB Number:  3235-0145 
                                     Expires:   December 31, 1997        

                                     Estimated average burden
                                     hours per form.........14.90        

                                   -------------------------------------------

                                  UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                 SCHEDULE 13D

                   Under the Securities Exchange Act of 1934
                          (Amendment No._____1_______)*


                            INTEGRAMED AMERICA, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                          COMMON STOCK, $.01 PAR VALUE
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   45810N104
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

 Claude White, One Manhattanville Road, Purchase, New York 10577 (914) 253-8000
- --------------------------------------------------------------------------------
                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)


                                March 12, 1998
- --------------------------------------------------------------------------------
                      (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 [ ].

*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))
                             Page -1- of -6- Pages



<PAGE>

CUSIP No.                           13D             Page    2    of   6   Pages



- --------------------------------------------------------------------------------
   1   NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         Gerardo Canet


- --------------------------------------------------------------------------------
   2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a)  [  ]
                                                             (b)  [  ]


- --------------------------------------------------------------------------------
   3   SEC USE ONLY




- --------------------------------------------------------------------------------
   4   SOURCE OF FUNDS*

         Not applicable.


- --------------------------------------------------------------------------------
   5   CHECK BOX 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
     SHARES            2,343,970
  BENEFICIALLY    --------------------------------------------------------------
    OWNED BY      8    SHARED VOTING POWER
      EACH             
   REPORTING      --------------------------------------------------------------
     PERSON       9    SOLE DISPOSITIVE POWER
      WITH             365,187
                  --------------------------------------------------------------
                  10   SHARED DISPOSITIVE POWER
                       

- --------------------------------------------------------------------------------
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        10.86%

- --------------------------------------------------------------------------------
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

                                                                      [  ]

- --------------------------------------------------------------------------------
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

       

- --------------------------------------------------------------------------------
  14   TYPE OF REPORTING PERSON*

         IN


- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>


                                  Schedule 13D
                                                    Page    3    of   6   Pages



Item 1.    Security and Issuer.

           (a)    Title and Class of Securities

                           Common Stock, par value $.01


           (b)    Name of Issuer

                           IntegraMed America, Inc.


           (c)    Address of Issuer's Principal Executive Offices

                           One Manhattanville Road
                           Purchase, New York 10577


Item 2.    Identity and Background.

                  (a)      This statement is filed by Gerardo Canet.

                  (b)      Mr. Canet's  business  address is One  Manhattanville
                           Road, Purchase, New York 10577.

                  (c)      Mr.  Canet is  Chairman of the Board,  President  and
                           Chief Executive Officer of the Issuer.

                  (d)      Mr. Canet has not,  during the last five years,  been
                           convicted in a criminal proceeding (excluding traffic
                           violations or similar misdemeanors).

                  (e)      Mr. Canet has not been, during the last five years, a
                           party  to  a  civil   proceeding  of  a  judicial  or
                           administrative body of competent  jurisdiction and as
                           a result of any 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.

                  (f)      U.S.A.



<PAGE>

                                                     Page    4    of   6   Pages




Item 3.    Source and Amount of Funds or Other Consideration.

                  Not Applicable




Item 4.    Purpose of Transaction.

                  Pursuant  to a proxy  granted  in  connection  with the  Stock
                  Purchase and Sale  Agreement  dated March 12, 1998 between the
                  Issuer and Michael J. Levy, M.D., Robert J. Stillman, M.D. and
                  Arthur W. Sagoskin,  M.D. (see Exhibit 10.107), the holders of
                  639,551  shares of Common Stock of the Issuer  granted a proxy
                  to Mr.  Canet to vote  such  Common  Stock  held by them for a
                  two-year  period with respect to (i) the election of Directors
                  or any  amendment  to Issuer's  Certificate  of  Incorporation
                  affecting  Directors  and (ii) any change in stock options for
                  management and Directors.




Item 5.    Interest in Securities of the Issuer.

            (a)   Mr. Canet  beneficially  owns 2,343,970 shares of the Issuer's
                  securities,  consisting of 125,000  shares of Issuer's  Common
                  Stock owned by Mr. Canet,  options  exercisable within 60 days
                  to  purchase  240,187  shares  of  Issuer's  Common  Stock and
                  1,978,783  shares of  Issuer's  Common  Stock  held by certain
                  individuals  with  respect to which Mr. Canet holds a proxy to
                  vote on the matters described in Item 4.

           (b)    Number of shares as to which such person has:

                  (i)      sole power to vote or to direct  the vote:  2,343,970
                           shares,  consisting  of  125,000  shares of  Issuer's
                           Common Stock owned by Mr. Canet,  options exercisable
                           within 60 days to purchase 240,187 shares of Issuer's
                           Common Stock and 1,978,783  shares of Issuer's Common
                           Stock held by  certain  individuals  with  respect to
                           which Mr.  Canet holds a proxy to vote on the matters
                           described in Item 4.

                  (ii)     shared power to vote or to direct the vote:
                            ____________________________________________________
<PAGE>

                                                    Page    5    of   6   Pages

                  (iii)    sole power to  dispose  or to direct the  disposition
                           of: 365,187  shares,  consisting of 125,000 shares of
                           Issuer's Common Stock and options  exercisable within
                           60 days to purchase 240,187 shares of Issuer's Common
                           Stock.

                  (iv)     shared   power  to   dispose  of  or  to  direct  the
                           disposition of:
                           _____________________________________________________

           (c)     None.



Item 6.    Contracts, Arrangements, Understandings or Relationships with Respect
           to Securities of the Issuer.

           In addition to the agreement described in Item 4 above, in connection
           with a Management Agreement dated June 6, 1997 between the Issuer and
           the  Reproductive  Sciences  Medical  Center,  Inc., and a Management
           Agreement dated February 28, 1997 (effective August 19, 1997) between
           the Issuer and the Fertility Centers of Illinois, S.C., Mr. Canet was
           granted a proxy to vote 145,454 and 1,009,464  shares of Common Stock
           for a two year period with  respect to (i) the  election of Directors
           or any amendment to Issuer's  Certificate of Incorporation  affecting
           Directors  and (ii) any change in stock  options for  management  and
           Directors.  In connection with the purchase by the Company of certain
           assets of Advocate  Medical  Group,  S.C. and Advocate  MSO,  Inc. on
           January 9, 1998 and the related amendment to the Management Agreement
           between the Issuer and FCI,  the holders of 184,314  shares of Common
           Stock of the Issuer  granted a proxy to Mr. Canet to vote such Common
           Stock  held by them for a  two-year  period  with  respect to (i) the
           election of Directors or any  amendment  to Issuer's  Certificate  of
           Incorporation  affecting  Directors  and  (ii)  any  change  in stock
           options for  management and  Directors.  Except as disclosed  herein,
           there  are  no  other  contracts,  arrangements,   understandings  or
           relationships  which are required to be disclosed in response to this
           Item 6.



Item 7.    Materials to be Filed as Exhibits.

           (1)    Management  Agreement  between  the Issuer  and the  Fertility
                  Centers of Illinois,  S.C.  dated  February 28, 1997 (filed as
                  Exhibit 10.70 to Issuer's  Registration  Statement on Form S-1
                  (Registration  No.  333-26551)  and  incorporated   herein  by
                  reference thereto).

           (2)    Management  Agreement  between the Issuer and the Reproductive
                  Sciences  Medical  Center,  Inc.  (filed as  Exhibit  10.81 to
                  Issuer's Registration  Statement on Form S-1 (Registration No.
                  333-26551) and incorporated herein by reference thereto).
           
           (3)    Amendment No. 4 to Management Agreement between Issuer and the
                  Fertility  Centers of  Illinois,  S.C.  dated  January 9, 1998
                  (filed as  Exhibit  10.93  with  identical  exhibit  number to
                  Schedule 13D dated February 11, 1998 and  incorporated  herein
                  by reference thereto).

           (4)    Stock Purchase and Sale Agreement  among  Integramed  America,
                  Inc. and Michael J. Levy, M.D.,  Robert J. Stillman,  M.D. and
                  Arthur  W.  Sagoskin,  M.D.  dated  March 12,  1998  (filed as
                  Exhibit 10.107 with identical  exhibit number to  Registrant's
                  Statement  on Form 10-K for the year ended  December  31, 1997
                  and incorporated herein by reference thereto).




<PAGE>

                                                     Page    6    of   6   Pages


                                   SIGNATURES


           After reasonable  inquiry and to the best of my knowledge and belief,
the  undersigned  certifies that the  information set forth in this statement is
true, complete and correct.


Dated:  April 14, 1998
        Purchase, New York




                                   By:   /s/ Gerardo Canet
                                         -----------------
                                         Gerardo Canet, Chief Executive Officer








© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission