SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE
13D
(Rule 13d-101)
INFORMATION TO BE
INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-l(a) AND AMENDMENTS THERETO
FILED PURSUANT
TO RULE 13d-2(a)
(Amendment
No. 3)*
Allied Healthcare
International Inc. (f/k/a Transworld Healthcare, Inc.)
(Name of Issuer)
Common Stock, Par
Value $.01 Per Share
(Title of Class of Securities)
894081 10 8
Washington &
Congress Managers, LLC
Attn: Peter Schofield
265 Franklin Street, 20th Floor
Boston, MA
02110
(617) 330-7750
(Name, address and telephone number of
person authorized to receive notices and communications)
December 15,
2008
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
o.
*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 or
otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act.
(Continued on the
following pages)
(Page 1 of 10
Pages)
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CUSIP No. |
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NAMES OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Washington &
Congress Capital Partners, L.P. |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP*
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SEC USE ONLY |
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SOURCE OF FUNDS* |
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WC |
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware |
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SOLE VOTING POWER |
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SHARED VOTING POWER |
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SOLE DISPOSITIVE POWER |
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SHARED DISPOSITIVE POWER |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON |
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0 Shares |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
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0% |
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TYPE OF REPORTING PERSON* |
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*SEE INSTRUCTIONS BEFORE FILLING
OUT!
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CUSIP No. |
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NAMES OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Washington &
Congress Advisors, LLC |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A
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SEC USE ONLY |
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SOURCE OF FUNDS* |
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware |
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SOLE VOTING POWER |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
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0 Shares |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
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TYPE OF REPORTING PERSON* |
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*SEE INSTRUCTIONS BEFORE FILLING
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CUSIP No. |
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NAMES OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Washington &
Congress Managers, LLC |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A
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SEC USE ONLY |
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SOURCE OF FUNDS* |
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware |
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SOLE VOTING POWER |
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SOLE DISPOSITIVE POWER |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
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0 Shares |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
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TYPE OF REPORTING PERSON* |
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*SEE INSTRUCTIONS BEFORE FILLING
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CUSIP No. |
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894081
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This Amendment No. 3 amends and
restates (i) Amendment No. 2 to Schedule 13D filed by Washington
& Congress Capital Partners, L.P. (formerly known as Triumph Partners III,
L.P.), Washington & Congress Advisors, LLC, and Washington & Congress
Managers, LLC with the Securities and Exchange Commission on May 21, 2008,
(ii) Amendment No. 1 to Schedule 13D filed by Washington &
Congress Capital Partners, L.P. (formerly known as Triumph Partners III, L.P.),
Washington & Congress Advisors, LLC, and Washington & Congress Managers,
LLC with the Securities and Exchange Commission on October 7, 2004 and
(iii) the Schedule 13D filed by Triumph Partners III, L.P. (“TIII
LP”), Triumph III Advisors, L.P. (“TIII Advisors LP”), Triumph III Advisors,
Inc. (“TIII Advisors Inc.”), Triumph III Investors, L.P. (“TIII Investors LP”),
Triumph III Investors, Inc. (“TIII Investors Inc.”), and Frederick W. McCarthy
with the Securities and Exchange Commission on July 29, 2002, each relating
to the Common Stock, par value $.01 per share, of Allied Healthcare
International Inc. (formerly known as Transworld Healthcare, Inc.).
ITEM 1. Security
and Issuer.
The class of equity security to which
this Amendment No. 3 relates is the common stock, par value $.01 per share
(the “Common Stock” or the “Shares”), of Allied Healthcare International Inc.
(f/k/a Transworld Healthcare, Inc.), a corporation organized under the laws of
the state of New York (the “Company”). The Company’s principal executive offices
are located at 245 Park Avenue New York, New York 10167.
This filing of this Amendment
No. 3 is not, and should not be deemed to be, an admission that this
Amendment No. 3 is required to be filed.
ITEM 2. Identity
and Background.
(a), (b), (c) and (f) The
following table provides certain information about each of the reporting
persons:
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Citizenship or State of |
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Principal Occupation or Employment |
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Washington & Congress
Capital Partners, L.P. (formerly known as Triumph Partners III,
L.P.) (“WCP”) 265 Franklin Street, 20th Floor Boston, MA 02110
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Investment Partnership |
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Washington & Congress
Advisors, LLC (“WCA”) 265 Franklin Street, 20th Floor Boston,
MA 02110 |
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General Partner of WCP; Investment
Management |
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Washington & Congress
Managers, LLC (“WCM”) 265 Franklin Street, 20th Floor Boston,
MA 02110 |
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Investment Management |
WCP, WCA, and WCM are sometimes
individually referred to herein as a “Reporting Person,”
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and collectively as the
“Reporting Persons.” WCP and TIII Investors LP are sometimes collectively
referred to herein as the “Original Holders.” WCP is sometimes individually
referred to herein as the “Holder.”
The Shares to which this Amendment
No. 3 relates are owned directly by the Holder.
(d) and (e) During the past
five years or since its inception, none of the Reporting Persons has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), or was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction, which resulted in any of the
Reporting Persons being 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.
On April 24, 2002, the Company,
Allied Healthcare Group Limited, a U.K. subsidiary of the Company (“AHG”),
Transworld Healthcare (UK) Limited (“TWUK,” and together with the Company
and AHG, the “Corporate Group”) and the Investors listed therein, including
among others, the Original Holders, entered into that certain Master
Reorganization Agreement (as amended, the “Reorganization Agreement”) pursuant
to which the Corporate Group would be reorganized so that the current holders of
shares and warrants of AHG and TWUK would exchange those interests for equity
interests in the Company (the “Reorganization”).
In connection with the consummation of
the Reorganization, WCP was issued 6,547,674 shares of Series A Convertible
Preferred Stock, par value $.01 per share, of the Company (the “Series A
Preferred Stock”). Pursuant to a Conversion Agreement that all holders of the
Series A Preferred Stock (including WCP) entered into with the Company,
upon the closing on July 7, 2004 of the Company’s public offering, all
holders of the Series A Preferred Stock converted their shares of
Series A Preferred Stock into an equal number of shares of Common Stock.
Pursuant to its Conversion Agreement, on July 7, 2004, WCP converted
6,547,674 shares of Series A Preferred Stock into 6,547,674 shares of
Common Stock.
ITEM 4. Purpose of
Transaction.
The shares of Common Stock were
acquired for investment purposes, except as set forth herein. The Reporting
Persons intend to review on a continuing basis their investment in the Company
and the Company’s business, prospects and financial condition. Based on such
continuing review, the Reporting Persons may consider the feasibility and
advisability of various alternative courses of action with respect to their
investment in the Company, and the Reporting Persons reserve the right to
formulate plans and/or make proposals, and take such actions with respect to
their investment in the Company including, subject to applicable law,
(i) to hold their shares of Common Stock as a passive investor or as an
active investor (whether or not as a member of a “group” with other beneficial
owners of shares of Common Stock or otherwise), (ii) to acquire beneficial
ownership of additional shares of Common Stock in the open market, in privately
negotiated transactions or otherwise, (iii) to dispose of all or part of
their holdings of shares of Common Stock, (iv) to take other actions which
could involve one or more of the types of transactions or have one or more of
the results described in this Item 4, or
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(v) to change
their intention with respect to any or all of the matters referred to in this
Item 4. The Reporting Persons’ decisions and actions with respect to such
possibilities will depend upon a number of factors, including, but not limited
to, the actions of the Company, market activity in the shares of Common Stock,
an evaluation of the Company and its prospects, general market and economic
conditions, conditions specifically affecting the Reporting Persons and other
factors which the Reporting Persons may deem relevant to their investment
decisions.
The Holder is nearing the end of its
term, and its only remaining investment was in the Company. On December 15,
2008, the Holder distributed in kind to its partners its entire investment of
7,697,578 Shares in connection with the Holder’s wind-up and dissolution
activities. As a result of the distribution of the Shares to the Holder’s
partners, the Reporting Persons no longer beneficially own any Shares.
Without limiting the generality of any
of the foregoing, the Reporting Persons may further purchase, trade, lend, vote,
dispose or otherwise deal in the Shares at times and in such manner as they deem
advisable in pursuit of such investment purposes, including to benefit from
temporary changes in Share market prices, including changes resulting from
actual or perceived developments in the Company’s operations, business strategy
or prospects, management, or from sale or merger of the Issuer, or its
subsidiaries. The Reporting Persons are engaged in an ongoing analysis of the
Company’s operations, prospects, legal liabilities, business development,
management, competitive and strategic position, capital structure, and
prevailing market conditions, in order to evaluate the feasibility, desirability
and likely effect of changes in the Company’s operations, capital structure, and
other matters described above, as well as opportunities for strategic
transactions involving the Company, including transactions that may affect all
or a portion of the Company’s equity securities. The Reporting Persons have
discussed, and will continue to discuss, such operational, financial and
strategic matters with the Company’s management, directors, industry analysts,
investment and financing professionals, existing or potential strategic
partners, acquirers, lenders and investment banking firms. Such analysis and
discussions may result in the Reporting Persons’ modifying their ownership of
the Shares, exchanging information with the Company or other persons entering
into confidentiality or similar agreements, or making proposals to third parties
or Company management in which the Reporting Persons that would result, or
include, changes in the Company’s operations, management, ownership, governance
or capital structure. Such matters may relate to one or more of the actions
described in this Item 4.
Except as set forth herein, no
contract, arrangement, relationship or understanding (either oral or written)
exists among the Reporting Persons as to the acquisition, disposition, voting or
holding of the Shares. Except as set forth herein, no Reporting Person has any
present plan or proposal that would result in or relate to any of the
transactions required to be described in this Item 4.
ITEM 5. Interest in
Securities of the Issuer.
(a) and (b) As of
November 21, 2008, the Reporting Persons owned beneficially 7,697,578
Shares, representing 17.1% of the 44,986,229 Shares outstanding as reported in
publicly available information. The Reporting Persons have sole voting and
dispositive power with respect to the 7,697,578 Shares.
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(c) and (e) On
December 15, 2008, the Holder distributed in kind to its partners its
entire investment of 7,697,578 Shares in connection with the Holder’s wind-up
and dissolution activities. As a result of the distribution of the Shares to the
Holder’s partners, the Reporting Persons no longer beneficially own any Shares.
(d) None.
ITEM 6. Contracts,
Arrangements, Understandings or Relationships with Respect to Securities of the
Issuer.
Except as described below, none of the
Reporting Persons has any contract, arrangement, understanding or relationship
(legal or otherwise) with any person with respect to any securities of the
Company including, but not limited to, any contract, arrangement, understanding
or relationship concerning the transfer or the voting of any securities of the
Company, joint ventures, loan or option arrangements, puts or calls, guaranties
of profits, division of profits or losses, or the giving or withholding of
proxies.
Reorganization Agreement. On
July 25, 2002, the Company consummated a reorganization (the
“Reorganization”) involving the Company and two of its U.K. subsidiaries, AHG
and TWUK. The Reorganization was consummated pursuant to a Master Reorganization
Agreement, dated as of April 24, 2002, as amended on May 16, 2002 and
June 26, 2002 (the “Reorganization Agreement”), among the Company, AHG,
TWUK and certain investors in such subsidiaries. In the Reorganization, equity
investments in TWUK and subordinated debt investments in AHG were exchanged for
shares of Common Stock and shares of Series A Preferred Stock.
As a result of WCP’s ownership of
equity investments in TWUK and debt investments in AHG, in the Reorganization,
WCP was issued 1,149,904 shares of Common Stock and 6,547,674 shares of Series A
Preferred Stock.
Registration Rights Agreement. On
July 25, 2002, in connection with the consummation of the Reorganization,
the Company entered into a Registration Rights Agreement. Pursuant to this
Registration Rights Agreement, the Company was required to file a registration
statement covering the resale of all of the shares of Common Stock issued or
issuable as a result of the consummation of the Reorganization (including the
shares of Common Stock issuable upon conversion of the Series A Preferred
Stock), as well as certain other shares of stock then outstanding. The
registration statement contemplated by the Registration Rights Agreement was
declared effective by the Securities and Exchange Commission on August 21,
2002.
Conversion Agreement. On July 7,
2004, the Company consummated the public offering. Pursuant to a Conversion
Agreement which WCP had entered into (as had all holders of Series A
Preferred Stock), upon the consummation of such public offering, WCP converted
6,547,674 shares of Series A Preferred Stock into 6,547,674 shares of
Common Stock. In connection with such conversion, WCP received $1,713,217 in
accrued and unpaid dividends on its shares of Series A Preferred Stock.
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The foregoing descriptions of the
various agreements are qualified by reference to the copies of such agreements
attached hereto as exhibits, which agreements are incorporated herein by
reference.
ITEM 7. Materials
to be Filed as Exhibits.
The following documents are filed as
exhibits to this Schedule 13D:
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| Exhibit 99.1 |
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Master Reorganization Agreement, dated as of April 24, 2002,
among the Company, AHG, TWUK and the Investors named therein (incorporated
by reference to Exhibit 10.17 to the Company’s Registration Statement
on Form S-4, filed May 1, 2002). |
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| Exhibit 99.2 |
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First Amendment to Master Reorganization Agreement, dated as of
May 16, 2002, by and among the Company, AHG, TWUK and the Investors
named therein (incorporated by reference to Exhibit 10.17A to the
Company’s Registration Statement on Form S-4, filed May 1,
2002). |
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| Exhibit 99.3 |
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Second Amendment to the Master Reorganization Agreement, dated as of
June 26, 2002, by and among the Company, AHG, TWUK and the Investors
named therein (incorporated by reference to Exhibit 10.3 to the
Company’s Current Report on Form 8-K filed on August 9,
2002). |
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| Exhibit 99.4 |
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Registration Rights Agreement, dated as of July 25, 2002, among
the Company and the persons named therein (incorporated by reference to
Exhibit 10.5 to the Company’s Current Report on Form 8-K filed
on August 9, 2002). |
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| Exhibit 99.5 |
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Conversion Agreement, dated as of March 31, 2004, among the
Company and the Holders named therein (incorporated by reference to
Exhibit 99.5 to WCM’s Amendment No. 1 to Schedule 13D filed on
October 7, 2004). |
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SIGNATURES
After reasonable inquiry and to the
best of my knowledge and belief, each of the undersigned hereby certifies that
the information set forth in this statement is true, complete and correct.
EXECUTED as a sealed instrument this
22nd day of December, 2008.
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WASHINGTON & CONGRESS CAPITAL
PARTNERS, L.P. |
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By: |
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Washington & Congress Advisors, LLC,
its general partner |
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By: |
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/s/ Peter Schofield |
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Name: Peter Schofield Title: Chief Financial
Officer |
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WASHINGTON & CONGRESS MANAGERS,
LLC |
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By: |
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/s/ Peter Schofield |
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Name: Peter Schofield Title: Chief Financial
Officer |
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WASHINGTON & CONGRESS ADVISORS,
LLC |
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By: |
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/s/ Peter Schofield |
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Name: Peter Schofield Title: Chief Financial
Officer |
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