UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Horizon Health Corporation
--------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
44041Y104
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(CUSIP Number)
Mia Jensen, c/o The Burton Partnership, Limited Partnership
Post Office Box 4643 Jackson, Wyoming 83001
---------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
11/21/00
--------
(Date of Event which Requires Filing of this Statement)
SCHEDULE 13D
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CUSIP NO. 44041Y104 PAGE 1 OF 7 PAGES
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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 Sec.Sec.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Sec.240.13d-7 for other
parties to whom copies are to be sent.
*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).
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SCHEDULE 13D
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CUSIP NO. 44041Y104 PAGE 2 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
The Burton Partnership, Limited Partnership
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(SEE INSTRUCTIONS)
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
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7 SOLE VOTING POWER
NUMBER OF 531,600
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 531,600
--------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
531,600
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.1%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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SCHEDULE 13D
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CUSIP NO. 44041Y104 PAGE 3 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
The Burton Partnership (QP), Limited Partnership
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(SEE INSTRUCTIONS) (b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
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7 SOLE VOTING POWER
NUMBER OF 531,600
--------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
--------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 531,600
--------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
531,600
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.1%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 44041Y104 PAGE 4 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Donald W. Burton
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(SEE INSTRUCTIONS) (b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF 531,600
--------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
--------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 531,600
--------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
531,600
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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<PAGE>
SCHEDULE 13D
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CUSIP NO. 44041Y104 PAGE 5 OF 7 PAGES
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ITEM 1. SECURITY AND ISSUER
-------------------------------
This statement relates to shares of Common Stock, Par Value $.01 Per Share
(the "Shares"), of Horizon Health Corporation (the "Company"), having its
principal executive offices at 1500 Waters Ridge Drive, Lewisville, TX
75057-6011.
ITEM 2. IDENTITY AND BACKGROUND
-----------------------------------
This statement is being filed by The Burton Partnership, Limited
Partnership and The Burton Partnership (QP), Limited Partnership having its
principal offices at P.O. Box 4643, Jackson, Wyoming 83001; and the general
partner of The Burton Partnership, Limited Partnership and The Burton
Partnership (QP), Limited Partnership, Donald W. Burton. The principal business
of The Burton Partnership, Limited Partnership and The Burton Partnership (QP),
Limited Partnership is investment in public and private stocks. The general
partner's principal occupation is an investor.
The business address of the general partner is c/o The Burton Partnership,
Limited Partnership and The Burton Partnership (QP), Limited Partnership.
During the five years prior to the date hereof, neither The Burton
Partnership, Limited Partnership, The Burton Partnership (QP), Limited
Partnership nor its general partner has been convicted in a criminal proceeding
or has been a party to a civil proceeding ending in 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.
The general partner is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
------------------------------------------------------------------
The Burton Partnership, Limited Partnership and The Burton Partnership
(QP), Limited Partnership acquired a total of 531,600 shares of Horizon Health
Corporation through open market transactions during a period beginning December
2, 1999 and ending November 21, 2000 at prices ranging from $4.500 to 7.291 per
share, for an aggregate purchase price of $2,845,763.57.
No part of the purchase price paid by The Burton Partnership, Limited
Partnership and The Burton Partnership (QP), Limited Partnership for shares was
represented by funds or other consideration borrowed or otherwise obtained for
the purpose of acquiring, holding, trading or voting shares of Horizon Health
Corporation.
ITEM 4. PURPOSE OF THE TRANSACTION
---------------------------------------
The Burton Partnership, Limited Partnership and The Burton Partnership
(QP), Limited Partnership has purchased the Shares for investment purposes only.
a. Depending on market conditions, its continuing evaluation of the
business and prospects of Horizon Health Corporation and other factors, The
Burton Partnership, Limited Partnership and The Burton Partnership (QP), Limited
Partnership may buy or sell additional shares in the open market. Neither The
Burton Partnership, Limited Partnership, The Burton Partnership (QP), Limited
Partnership, nor the general partner has any present plans which relate to or
would result in:
b. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving Horizon Health Corporation or any of
its subsidiaries;
c. A sale or transfer of a material amount of assets of Horizon Health
Corporation or any of its subsidiaries;
d. Any change in the present board of directors or management of the
issuer, including any plans or proposals to change the number of tern directors
or to fill any existing vacancies on the board;
e. Any material change in the present capitalization or dividend policy of
Horizon Health Corporation;
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SCHEDULE 13D
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CUSIP NO. 44041Y104 PAGE 6 OF 7 PAGES
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f. Any other material change in Horizon Health Corporation business or
corporate structure, including, but not limited to, if Horizon Health
Corporation is a closed-end investment company, any plans or proposals to make
any changes in its investment policy for which a vote is required by section 13
of the Investment Company Act of 1940;
g. Changes in Horizon Health Corporation's charter or bylaws or other
actions which may impede the acquisition if control of Horizon Health
Corporation by any person;
h. Causing a class of securities of Horizon Health Corporation to be
delisted from a national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national securities
association;
i. A class of equity securities of Horizon Health Corporation becoming
eligible for termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934; or
j. Any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES AND THE ISSUER
----------------------------------------------------
By virtue of his status as general partner of The Burton Partnership,
Limited Partnership and The Burton Partnership (QP), Limited Partnership, Donald
W. Burton may thus be deemed to be beneficial owner of the 531,600 shares which
The Burton Partnership, Limited Partnership and The Burton Partnership (QP),
Limited Partnership own of record, representing 9.1% of the Company. Donald W.
Burton may thus be deemed to share with The Burton Partnership, Limited
Partnership and The Burton Partnership (QP), Limited Partnership the power to
direct the voting and disposition of the shares which The Burton Partnership,
Limited Partnership and The Burton Partnership (QP), Limited Partnership own of
record.
The aggregate 531,600 shares purchased by The Burton Partnership, Limited
Partnership and The Burton Partnership (QP), Limited Partnership were obtained
in the open market transactions executed by PaineWebber Inc. between the dates
of 12/2/99 and 11/21/00. The foregoing percentage was calculated based on
5,868,837 shares outstanding as of November 21, 2000.
No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or any proceeds from the sale of, the
shares beneficially owned by The Burton Partnership, Limited Partnership, The
Burton Partnership (QP), Limited Partnership and the general partner
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
--------------------------------------------------------------------------------
TO SECURITIES OF THE ISSUER
-------------------------------
Except as described elsewhere herein, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among The Burton
Partnership, Limited Partnership, The Burton Partnership (QP), Limited
Partnership and the general partner or between any such person and any other
person with respect to the securities, 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.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 44041Y104 PAGE 7 OF 7 PAGES
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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.
November 21, 2000
-------------------
Date
THE BURTON PARTNERSHIP, LIMITED PARTNERSHIP
By: /s/ Donald W. Burton
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Donald W. Burton
General Partner
THE BURTON PARTNERSHIP (QP), LIMITED
PARTNERSHIP
By: /s/ Donald W. Burton
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Donald W. Burton
General Partner
DONALD W. BURTON
By: /s/ Donald W. Burton
----------------------------------
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