UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
AMENDMENT NO. 5
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
VISTACARE, INC.
(Name of Subject Company (Issuer))
OHC INVESTMENT, INC.
a wholly-owned subsidiary of
ODYSSEY HEALTHCARE HOLDING COMPANY
a wholly-owned subsidiary of
ODYSSEY HEALTHCARE, INC.
(Name of Filing Person (Offeror))
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
92839Y109
(CUSIP Number of Class of Securities)
W. Bradley Bickham
Odyssey HealthCare, Inc.
717 North Harwood, Suite 1500
Dallas, Texas 75201
(214) 922-9711
(Name, Address and Telephone Numbers of Person
Authorized to Receive Notices and Communications on Behalf of Filing Persons)
Copy to:
P. Gregory Hidalgo
Vinson & Elkins L.L.P.
3700 Trammell Crow Center
2001 Ross Avenue
Dallas, Texas 75201-2975
(214) 220-7700
CALCULATION OF FILING FEE
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Transaction Valuation*
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Amount of Filing Fee*
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$158,243,019
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$ |
6,218.95 |
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*The amount of the filing fee, in accordance with Rule 0-11 of the Securities Exchange Act of 1934,
is calculated by multiplying the transaction valuation by $.0000393. For purposes of calculating
the filing fee only, the transaction valuation was determined by multiplying the purchase price of
$8.60 per share by the sum of (i) the 16,885,958 shares of class A common stock, par value $0.01
per share, of VistaCare, Inc. (the Shares), issued and outstanding as of January 14, 2008; and
(ii) the 1,514,393 Shares that are issuable on or prior to the expiration of this offer under
outstanding stock options.
þ Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) of the
Exchange Act and identify the filing with which the offsetting fee was previously paid. Identify
the previous filing by registration statement number, or the Form or Schedule and the date of its
filing.
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Amount Previously Paid:
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$6,218.95
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Filing Party:
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OHC Investment,
Inc., Odyssey
HealthCare Holding
Company and Odyssey
HealthCare, Inc. |
Form or Registration No.:
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Schedule TO
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Date Filed:
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January 30, 2008 |
o Check the box if the filing relates solely to preliminary communications made before
the commencement of a tender offer:
Check the appropriate boxes below to designate any transactions to which the statement relates.
þ Third-party tender offer subject to Rule 14d-1.
o Issuer tender offer subject to Rule 13e-4.
o Going-private transaction subject to Rule 13e-3.
o Amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results of the tender
offer: o
SCHEDULE TO
This Amendment No. 5 (this Amendment) to the Tender Offer Statement on Schedule TO is filed
by (i) OHC Investment, Inc. (Purchaser), a Delaware corporation and wholly owned subsidiary of
Odyssey HealthCare Holding Company, a Delaware corporation (Parent), which is a wholly-owned
subsidiary of Odyssey HealthCare, Inc., a Delaware corporation (Odyssey), (ii) Parent and (iii)
Odyssey. This Amendment amends and supplements the Tender Offer Statement on Schedule TO initially
filed with the Securities and Exchange Commission on January 30, 2008, as amended by Amendment No.
1 thereto filed on January 30, 2008, Amendment No. 2 thereto filed on February 5,
2008, Amendment No. 3 thereto filed on February 8, 2008 and Amendment No. 4 thereto filed on
February 27, 2008 (as amended, the Schedule TO), which relates to the offer by Purchaser to
purchase all outstanding shares of class A common stock, par value $0.01 per share (including the
associated Series A Junior Participating Preferred Stock purchase rights issued pursuant to the
Rights Agreement, dated as of August 18, 2004, as amended as of the date hereof, between VistaCare,
Inc., a Delaware corporation (VistaCare), and Computershare Trust Company, N.A., formerly known
as Equiserve Trust Company, N.A., the Shares), of VistaCare, at a price of $8.60 per Share, net
to the seller in cash (subject to applicable withholding taxes), without interest thereon, upon the
terms and subject to the conditions set forth in the Offer to Purchase dated January 30, 2008 (the
Offer to Purchase) and in the related Letter of Transmittal (which, together with any supplements
or amendments, collectively constitute the Offer). Capitalized terms not otherwise defined herein
shall have the meanings ascribed to them in the Schedule TO.
Items 1 through 11.
Items 1, 4, 8 and 11 of the Schedule TO, which incorporate by reference the information
contained in the Offer to Purchase, are hereby amended and supplemented by adding the following
text thereto:
The Offer expired at 12:00 midnight, New York City time, on February 27, 2008. Upon
expiration of the Offer, Purchaser accepted for payment in accordance with the terms of the Offer
all Shares that were validly tendered and not properly withdrawn prior to expiration of the Offer,
and payment for such Shares will be made promptly, in accordance with the terms of the Offer. The
Depositary for the Offer has advised Parent and Purchaser that, as of the expiration of the Offer,
a total of approximately 14,212,491 Shares were validly tendered to Purchaser and not properly
withdrawn (including approximately 609,813 Shares delivered through notices of guaranteed
delivery), representing approximately 84% of the Shares outstanding.
On February 28, 2008, Odyssey issued a press release announcing that Purchaser has commenced a
subsequent offering period for all remaining untendered Shares. The subsequent offering period will
expire at 5:00 p.m., New York City time, on March 4, 2008, unless extended. Any such extension will
be followed by a public announcement no later than 9:00 a.m., New York City time, on the next
business day after the subsequent offering period is scheduled to expire.
The same $8.60 per share price offered in the prior offering period will be paid during the
subsequent offering period. Purchaser will immediately accept for payment all Shares validly
tendered during this subsequent offering period, and payment will be made promptly after
acceptance, in accordance with the terms of the Offer. Procedures for tendering Shares during the
subsequent offering period are the same as during the initial offering period with two exceptions:
(1) Shares cannot be delivered by the guaranteed delivery procedure, and (2) pursuant to Rule
14d-7(a)(2) promulgated under the Securities Exchange Act of 1934, as amended, Shares tendered
during the subsequent offering period may not be withdrawn. The full text of the press release
issued by Odyssey is set forth as Exhibit (a)(1)(Q) hereto and is incorporated by reference
herein.
Item 12. Exhibits.
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:
(a)(1)(Q) Press release issued by Odyssey dated February 28, 2008.