e424b3
 

Filed Pursuant to Rule 424(b)(3) and 424(c)
Registration No. 333-116200

Prospectus Supplement No. 3
To Prospectus Dated November 19, 2004

$86,250,000

MATRIA HEALTHCARE, INC.

4.875% Convertible Senior Subordinated Notes Due
2024 and the Shares of Common Stock Issuable Upon
Conversion or Redemption of the Notes

     This prospectus supplement amends the information contained in the prospectus dated November 19, 2004 of Matria Healthcare, Inc. (the “Prospectus”) covering the resale by certain selling securityholders of our 4.875% convertible senior subordinated notes due 2024 and shares of our common stock issuable upon conversion or redemption of the notes. This prospectus supplement is not complete without, and may not be delivered or utilized except in connection with, the Prospectus, including any amendments or supplements thereto. The terms of the notes are set forth in the Prospectus.

     Investing in the notes and shares of common stock involves risk. See “Risk Factors” beginning on page 8 of the Prospectus.

     Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.

This prospectus supplement is dated February 10, 2005

 


 

     This prospectus supplement amends the table appearing under the caption “Selling Securityholders” on pages 65 and 66 of the Prospectus to update the positions of previously disclosed selling securityholders based on completed investor questionnaires submitted to Matria Healthcare, Inc. on or before February 9, 2005.

                                                 
    Principal                        
    Amount           Shares of            
    of Notes           Common            
    Beneficially           Stock   Conversion        
    Owned   Percentage   Beneficially   Shares of        
    and   of Notes   Owned Before   Common Stock   Number of    
Name
  Offered
  Outstanding
  Offering(1)
  Offered
  Shares(2)
  Percentage
Alexandra Global Master Fund Ltd.
    4,000,000       4.64 %           135,661              
Allstate Insurance Company
    1,500,000       1.74 %           50,872              
Argent Classic Convertible Arbitrage Fund (Bermuda) Ltd.
    7,540,000       8.74 %           255,721              
Argent Classic Convertible Arbitrage Fund, L.P.
    1,570,000       1.82 %           53,247              
Argent Classic Convertible Arbitrage Fund II, L.P.
    210,000       0.24 %           7,122              
Argent LowLev Convertible Arbitrage Fund, LLC
    450,000       0.52 %           15,261              
Argent LowLev Convertible Arbitrage Fund II, LLC
    70,000       0.08 %           135,661              
Argent LowLev Convertible Arbitrage Fund Ltd.
    4,080,000       4.64 %           2,374              
ATSF—Transamerica Convertible Securities
    3,020,000       3.50 %           102,424              
Bank of America Securities LLC
    1,000,000       1.16 %           33,715              
Barclays Global Investors Diversified Alpha Plus Funds
    280,000       0.32 %           9,496              
Basso Multi-Strategy Holding Fund Ltd.
    500,000       0.58 %           16,957              
BNP Paribas Equity Strategies, SNC
    1,358,000       1.57 %     158       46,056       158       *  
BP Amoco PLC Master Trust
    736,000       0.85 %           24,961              
Citadel Credit Trading Ltd.
    640,000       0.74 %           21,706              
Citadel Equity Fund Ltd.
    7,360,000       8.53 %           249,616              
Class C Trading Company, Ltd.
    130,000       0.15 %           4,408              
CNH CA Master Account, L.P.
    1,250,000       1.45 %           42,394              
The Consulting Group Capital Markets Fund-Multi-Strategy Market Neutral Investments
    202,000       0.23 %           6,850              
CooperNeff Convertible Strategies (Cayman) Master Fund, LP
    1,461,000       1.69 %           49,550              
CQS Convertible and Quantitative Strategies Master Fund Limited
    5,600,000       6.49 %           189,925              
Credit Suisse/First Boston Europe Ltd.
    40,000       0.05 %           1,356              
Custom Investments PCC, Ltd.
    50,000       0.06 %           1,695              
DKR Soundshore Opportunity Holding Fund Ltd.
    500,000       0.58 %           16,957              
Deephaven Domestic Convertible Trading Ltd.
    479,000       0.56 %           16,245              
Forest Fulcrum Fund LP
    399,000       0.46 %           13,532              
Forest Global Convertible Fund, Ltd., Class A-5
    1,444,000       1.67 %           48,973              
Forest Multi-Strategy Fund, SPC
    903,000       1.05 %           30,625              
FrontPoint Convertible Arbitrage Fund, L.P.
    2,000,000       2.32 %           67,830              
Geode U.S. Convertible Arbitrage Fund
    2,500,000       2.90 %           84,788              
Grace Convertible Arbitrage Fund, LTD.
    4,000,000       4.64 %           135,661              
HFR CA Global Opportunity Master Trust
    230,000       0.27 %           7,800              
HFR CA Global Select Master Trust Account
    150,000       0.17 %           5,087              
HFR RVA Select Performance Master Trust
    152,000       0.18 %           5,155              
Highbridge International LLC
    1,000,000       1.16 %           33,915              
Hotel Union & Hotel Industry of Hawaii Pension Plan
    195,000       0.23 %           6,613              
IDEX—Transamerica Convertible Securities Fund
    1,805,000       2.09 %           61,217              
Institutional Benchmarks Master Fund Ltd.
    1,250,000       1.45 %           42,394              
KBC Financial Products USA Inc.
    1,000,000       1.16 %           33,915              
LLT Limited
    159,000       0.18 %           5,392              
Lyxor/Convertible Arbitrage Fund Limited
    270,000       0.31 %           9,157              
Lyxor /Forest Fund Limited
    761,000       0.88 %           25,809              
Lyxor Master Fund
    300,000       0.35 %           10,174              
Man Convertible Bond Master Fund, Ltd.
    1,197,000       1.39 %           40,596                  
Mohican VCA Master Fund
    1,200,000       1.39 %           50,872              
National Bank of Canada
    250,000       0.29 %           8,478              
Newport Alternative Income Fund
    820,000       0.95 %           27,810              
Partners Group Alternative Strategies PPC LTD
    300,000       0.35 %           10,174              
Ritchie Convertible Arbitrage Trading
    1,000,000       1.16 %           33,915              
S.A.C. Arbitrage Fund, LLC
    4,000,000       4.64 %     116,447       135,661       116,447       *  
SSI Blended Market Neutral L.P.
    392,000       0.45 %           13,294              
SSI Hedged Convertible Market Neutral, L.P.
    502,000       0.58 %           17,025              
St. Thomas Trading, Ltd.
    803,000       .93 %           27,233              
Silver Convertible Arbitrage Fund, LDC
    140,000       0.16 %           51,551              
Silvercreek II Limited
    2,240,000       2.60 %           75,920              
Silvercreek Limited Partnership
    2,940,000       3.41 %           99,710              
Singlehedge US Convertible Arbitrage Fund
    333,000       0.39 %           11,293              
Sphinx Convertible Arbitrage Fund SPC
    21,000       0.02 %           712              
Sphinx Convertible Arb Fund SPC c/o Investment Mgmt.
    620,000       0.72 %           21,027              
Sphinx Convertible Arbitrage SPC
    239,000       0.28 %           8,105              
Sturgeon Limited
    278,000       0.32 %           9,428              
UBS AG London Prime Broker
    5,500,000       6.38 %           186,534              
UBS Securities LLC
    6,975,000       8.09 %         236,559              
Viacom Inc. Pension Plan Master Trust
    20,000       0.02 %           678              
Vicis Capital Master Fund
    400,000       0.46 %           13,566              
Victus Capital, LP
    1,600,000       1.86 %           54,264              
Whitebox Diversified Convertible Arbitrage Partners LP
    1,000,000       1.16 %           33,915              
Xavex Convertible Arbitrage 10 Fund
    680,000       0.79 %           23,062              
Xavex Convertible Arbitrage 2 Fund
    90,000       0.10 %           3,052              
Xavex Convertible Arbitrage 4 Fund
    74,000       0.09 %           2,509              
Zazove Convertible Arbitrage Fund L.P.
    4,200,000       4.87 %           142,449              
Zurich Institutional Benchmarks Master Fund Ltd.
    359,000       0.42 %           12,175              
All other holders of notes and future transferees of such holders(3)
  - 14,387,000     - 16.68 %     (4)   - 487,939              
Total
    86,250,000       100.00 %           2,925,195       116,605       *  

    *  Less than 1%
  (1)  Figures in this column do not include the shares of stock issuable upon conversion of the notes listed in the column to the right.
  (2)  Assumes the sale of all notes and all of the common stock offered.
  (3)  Information concerning other selling securityholders will be set forth in post-effective amendments to this registration statement. Amounts in these columns may exceed the aggregate amount of notes and shares of common stock offered by this prospectus as a result of selling securityholders identified above having sold, transferred or otherwise disposed of some or all of their notes since the date on which the information in the preceding table is presented without informing us of such sale(s). In no event will the aggregate principal amount of notes offered by this prospectus exceed $86,250,000, nor will the number of shares offered hereby exceed 2,925,195.
  (4)  Assumes that all other holders of notes or future transferees do not beneficially own any shares of common stock other than the shares issuable upon conversion of the notes.