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Pacific Steel Casting Co, et al. · SC 13D · First American Health Concepts Inc · On 7/23/98

Filed On 7/23/98 · SEC File 5-37830 · Accession Number 1047469-98-28081

  As Of               Filer                 Filing     On/For/As Docs:Pgs              Issuer               Agent

 7/23/98  Pacific Steel Casting Co          SC 13D                 1:10   First American Health Concep..Inc Merrill Corp/New/- FA
          Pacific Steel Casting Co
          Pacific Steel Casting Pension Plan
          Pacific Steel Casting Profit Sharing Plan
          Robert J/Delsol (559-74-0905)

General Statement of Beneficial Ownership · Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      Sch13d                                                10     39K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (RTF, XML, et al.) Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer Identity and Background Interest in Securities of the Issuer Material to be Filed as Exhibits Purpose of Transaction Security and Issuer Source and Amount of Funds or Other Consideration
1	1st Page
6	Item 1. Security and Issuer
"	Item 2. Identity and Background
7	Item 3. Source and Amount of Funds or Other Consideration
8	Item 4. Purpose of Transaction
"	Item 5. Interest in Securities of the Issuer
9	Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
"	Item 7. Material to be Filed as Exhibits

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

SCHEDULE 13D  

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

First American Health Concepts, Inc.
--------------------------------------------------------  
(Name of Issuer)

  Common Stock, no par value
--------------------------------------------------------  
  (Title of Class of Securities)

31852 M-10-5
--------------------------------------------------------  
(CUSIP Number)

Robert Delsol, Pacific Steel Casting Co.,   
1425 Leimert Blvd., Ste. 400, Oakland, CA 94602 (510) 428-0300  
--------------------------------------------------------  
(Name, Address and Telephone Number of Person Authorized  
to Receive Notices and Communications)

March 31, 1994
--------------------------------------------------------  
(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  which  is the  subject  of this  Schedule 13D,  and is 
filing this  schedule  because of Rule 13d-1(b)(3) or (4),  check the following 
box / /.                                                                        

  NOTE:  Six copies of this statement, including all exhibits, should be filed
with the Commission.  See Rule 13d-1(a) 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).                                                                     

(Continued on following page(s))

Page 1 of 10 Pages  
  --

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CUSIP No. 31852 M-10-5                13D                 Page 2 of 10 Pages    
 -----------                                         -    --

------------------------------------------------------------------------------- 
(1) Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above  
Persons                                                               

Pacific Steel Casting Company                                         
------------------------------------------------------------------------------- 
(2) Check the Appropriate Box if a Member     (a)  / /                        
of a Group*                               (b)  /X/                    
------------------------------------------------------------------------------- 
(3) SEC Use Only                                                              

------------------------------------------------------------------------------- 
(4) Source of Funds*                                                          
W/C, 00                                                               
------------------------------------------------------------------------------- 
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to          
Items 2(d) or 2(e)  / /                                               
------------------------------------------------------------------------------- 
(6) Citizenship or Place of Organization                                      

------------------------------------------------------------------------------- 
Number of Shares              (7) Sole Voting                                   
Beneficially Owned                 Power        390,722            15.4%      
by Each Reporting           --------------------------------------------------
Person With                  (8) Shared Voting                                
Power   
                            --------------------------------------------------
(9) Sole Dispositive
                             Power        390,722            15.4%
                            --------------------------------------------------
 (10) Shared Dispositive
Power   
------------------------------------------------------------------------------- 
(11) Aggregate Amount Beneficially Owned by Each Reporting Person               
674,923                                       26.6% 
------------------------------------------------------------------------------- 
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*     /x/ 
  Excludes share for Alpha Capital Company advisory clients        191,632
------------------------------------------------------------------------------- 
(13) Percent of Class Represented by Amount in Row (11)                         
26.6%                                             
------------------------------------------------------------------------------- 
(14) Type of Reporting Person*                                                  
CO                                                                    
------------------------------------------------------------------------------- 
*SEE INSTRUCTION BEFORE FILLING OUT!    

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CUSIP No. 31852 M-10-5                13D                 Page 3 of 10 Pages    
 -----------                                         -    --

------------------------------------------------------------------------------- 
(1) Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above  
Persons                                                               

Pacific Steel Casting Profit Sharing Plan                             
------------------------------------------------------------------------------- 
(2) Check the Appropriate Box if a Member     (a)  / /                        
of a Group*                               (b)  /x/                    
------------------------------------------------------------------------------- 
(3) SEC Use Only                                                              

------------------------------------------------------------------------------- 
(4) Source of Funds*                                                          
WC, 00                                                                
------------------------------------------------------------------------------- 
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to          
Items 2(d) or 2(e)  / /                                               
------------------------------------------------------------------------------- 
(6) Citizenship or Place of Organization                                      
California                                                            
------------------------------------------------------------------------------- 
Number of Shares              (7) Sole Voting                                   
Beneficially Owned                 Power                                      
by Each Reporting           --------------------------------------------------
Person With                  (8) Shared Voting                                
                        Power           58,143      2.3%
                            --------------------------------------------------
(9) Sole Dispositive
Power   
                            --------------------------------------------------
 (10) Shared Dispositive
                        Power           58,143      2.3%
------------------------------------------------------------------------------- 
(11) Aggregate Amount Beneficially Owned by Each Reporting Person               
674,923                                  26.6%        
------------------------------------------------------------------------------- 
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*     /X/ 
 Excludes shares for Alpha Capital Company advisory clients      191,632
------------------------------------------------------------------------------- 
(13) Percent of Class Represented by Amount in Row (11)                         
26.6%                                                 
------------------------------------------------------------------------------- 
(14) Type of Reporting Person*                                                  
EP                                                                    
------------------------------------------------------------------------------- 
*SEE INSTRUCTION BEFORE FILLING OUT!    

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CUSIP No. 31852 M-10-5                13D                 Page 4 of 10 Pages    
 -----------                                         -    --

------------------------------------------------------------------------------- 
(1) Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above  
Persons                                                               

Pacific Steel Casting Pension Plan                                    
------------------------------------------------------------------------------- 
(2) Check the Appropriate Box if a Member     (a)  / /                        
of a Group*                               (b)  /X/                    
------------------------------------------------------------------------------- 
(3) SEC Use Only                                                              

------------------------------------------------------------------------------- 
(4) Source of Funds*                                                          
WC, 00                                                                
------------------------------------------------------------------------------- 
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to          
Items 2(d) or 2(e)  / /                                               
------------------------------------------------------------------------------- 
(6) Citizenship or Place of Organization                                      
California                                                            
------------------------------------------------------------------------------- 
Number of Shares              (7) Sole Voting                                   
Beneficially Owned                 Power                                      
by Each Reporting           --------------------------------------------------
Person With                  (8) Shared Voting                                
                         Power        116,286         4.6%
                            --------------------------------------------------
(9) Sole Dispositive
Power   
                            --------------------------------------------------
 (10) Shared Dispositive
                          Power        116,286          4.6%
------------------------------------------------------------------------------- 
(11) Aggregate Amount Beneficially Owned by Each Reporting Person               
674,923                26.6%              
------------------------------------------------------------------------------- 
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*     /X/ 
Excludes shares for Alpha Capital Company advisory clients    191,632 
------------------------------------------------------------------------------- 
(13) Percent of Class Represented by Amount in Row (11)                         
26.6%                                                                 
------------------------------------------------------------------------------- 
(14) Type of Reporting Person*                                                  
EP                                                                    
------------------------------------------------------------------------------- 
*SEE INSTRUCTION BEFORE FILLING OUT!    

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CUSIP No. 31852 M-10-5                13D                 Page 5 of 10 Pages    
 -----------                                         -    --

------------------------------------------------------------------------------- 
(1) Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above  
Persons                                                               

Robert J. Delsol                                                      
559-74-0905                                                           
------------------------------------------------------------------------------- 
(2) Check the Appropriate Box if a Member     (a)  / /                        
of a Group*                               (b)  /X/                    
------------------------------------------------------------------------------- 
(3) SEC Use Only                                                              

------------------------------------------------------------------------------- 
(4) Source of Funds*                                                          
W/C, 00                                                               
------------------------------------------------------------------------------- 
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to          
Items 2(d) or 2(e)  / /                                               
------------------------------------------------------------------------------- 
(6) Citizenship or Place of Organization                                      
California                                                            
------------------------------------------------------------------------------- 
Number of Shares              (7) Sole Voting                                   
Beneficially Owned                 Power      20,000 (options)                
by Each Reporting           --------------------------------------------------
Person With                  (8) Shared Voting                                
                          Power      654,923           25.8%
                            --------------------------------------------------
(9) Sole Dispositive
                          Power      20,000 (options)    .8%
                            --------------------------------------------------
 (10) Shared Dispositive
                          Power      654,923           25.8%
------------------------------------------------------------------------------- 
(11) Aggregate Amount Beneficially Owned by Each Reporting Person               
674,923              26.6%                            
------------------------------------------------------------------------------- 
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*     /X/ 
Excludes shares for Alpha Capital Company advisory clients     191,632
------------------------------------------------------------------------------- 
(13) Percent of Class Represented by Amount in Row (11)                         
26.6%                                                         
------------------------------------------------------------------------------- 
(14) Type of Reporting Person*                                                  
Ind.                                                                  
------------------------------------------------------------------------------- 
*SEE INSTRUCTION BEFORE FILLING OUT!    

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                                                      Page 6 of 10 Pages
                                                     -    --

Item 1.  Security and Issuer.                                                   

This statement relates to the common stock (no par value) of:         

First American Health Concepts, Inc.          
1811 South Alma School Road, Ste. 285         
Mesa, Arizona 85202           

Item 2.  Identity and Background.                                               

Information regarding the persons filing this statement is as follows:

(1) Pacific Steel Casting Company                                     
1333 Second Street                                            
Berkeley, CA 94710                                            

Pacific Steel Casting Company is a California corporation and is a    
producer of carbon, lo-alloy and casteel products.                              

 (2) The Pacific Steel Casting Profit Sharing Plan and the Pacific Steel
Casting Pension Plan are employee benefit and pension plans for employees of    
Pacific Steel Casting Company.                                                  

(3)(a) Robert J. Delsol                                               

(b) Residence address: 62 Inverleith Terrace, Piedmont, CA 94611

    Business address: Alpha Capital Company, 1425 Leimert Blvd.,
Suite 400, Oakland, CA 94602                                          

  (c) Mr. Delsol is President and Chief Executive Officer of Pacific
Steel Casting Company and is a trustee of the Pacific Steel Casting Company     
Profit Sharing Plan and Pension Plan. Mr. Delsol also is President, a           
shareholder and a director of Alpha Capital Company, 1425 Leimert Boulevard,    
Suite 400, Oakland, CA 94602, and a director of First American Health           
Concepts, Inc.                                                                  

 (d) and (e) During the last five (5) years, neither Pacific Steel
Casting Company, the Pacific Steel Profit Sharing Plan, the Pacific Steel       
Pension Plan nor Robert J. Delsol have been convicted in any criminal           
proceeding or been a party to a civil proceeding of a judicial or               
administrative body of competent jurisdiction in which                          
any of them was subject to any judgement, decree of 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.                                                                      

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                                                Page 7 of 10 Pages

(f) Mr. Delsol is a citizen of the United States.               

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

    - Alpha Capital owns directly 20,000 shares of First American common
       stock. Its cost basis for these shares was $50,690. These purchases
were made from Alpha Capital's working capital.             

- Alpha Capital owned a limited partnership interest in Pinnacle
Capital Management, L.P., a California limited partnership  
  ("Pinnacle"). Alpha's investment in Pinnacle was $200,000. Its
       proportionate interest of the 927,500 shares of First American held
      by Pinnacle was 46,515. Alpha Capital used its working capital for
     this purchase. On March 31, 1994, Pinnacle transferred in kind to
  Alpha Capital its proportionate interest in the First American
stock held by Pinnacle.                                     

- Alpha Capital is a registered investment advisor to selected  
    individual and institutional investors who have acquired 191,632
    shares of First American common stock. These acquisitions have a
      cost basis of $552,630. These investments have been made on behalf
    of clients of Alpha Capital with funds provided by said clients.

    - Pacific Steel Casting Company owned a limited partnership interest
      in Pinnacle. The cost basis for Pacific Steel Casting's investment
      in Pinnacle was $1,680,000. Its proportional interest in the First
 American securities common stock held by Pinnacle was 390,722
      shares of First American common stock. The funds for this purchase
    came from the working capital of Pacific Steel Casting. On March
   31, 1994, Pinnacle transferred in kind to Pacific Steel Casting
       Company its proportionate interest in the First American stock held
by Pinnacle.                                                

- The Pacific Steel Casting Company Pension Plan owned a limited
partnership interest in Pinnacle. The cost basis for this   
    investment by the Pacific Steel Casting Company Pension Plan was
    $500,000 giving it a proportionate interest in 116,286 shares of
    First American common stock held by Pinnacle. The funds for this
       purchase came from the capital of the Pacific Steel Casting Company
    Pension Plan. On March 31, 1994, Pinnacle transferred in kind to
    Pacific Steel Casting Pension Plan its proportionate interest in
the First American stock held by Pinnacle.                  

- The Pacific Steel Casting Company Profit Sharing Plan         

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                                                      Page 8 of 10 Pages

    owned a limited partnership interest in Pinnacle. The cost basis
for this investment by the Pacific Steel Casting  Profit    
   Sharing Plan was $250,000 giving it a proportionate interest in
      58,143 shares of First American common stock held by Pinnacle. The
      funds for this purchase came from the capital of the Pacific Steel
    Casting Company Profit Sharing Plan. On March 31, 1994, Pinnacle
    transferred in kind to Pacific Steel Casting Profit Sharing Plan
  its proportionate interest in the First American stock held by
Pinnacle.                                                   

 - Piece of the Pebble, a partnership, owned a limited partnership
interest in Pinnacle. The cost basis for this investment was
    $100,000, giving it a proportionate interest in 23,257 shares of
  First American stock held by Pinnacle. Mr. Delsol is a general
partner of Piece of the Pebble. On March 31, 1994, Pinnacle 
transferred these shares to Piece of the Pebble.            

Item 4.  Purpose of Transaction.                                                

Pacific Steel Casting Company, Pacific Steel Casting Company Pension  
Plan, Pacific Steel Casting Company Profit Sharing Plan, Robert Delsol, Piece   
of the Pebble and Alpha Capital Company, and Alpha Capital Company, and Alpha   
Capital advisory clients have purchased the First American common stock         
reported herein as an investment. None of them has any plans at present to      
change the operations, business, capitalization or corporate structure of       
First American Health Concepts. Although these persons have no such plans at    
present, they may, at a later date, decide to acquire additional shares of      
First American common stock or dispose of part or all of their present          
holdings in the open market transactions or private sales to third parties.     

Item 5.  Interest in Securities of the Issuer.                                  

Robert J. Delsol owns 75% of Tri-pacific, Inc., a holding company.    
Tri-pacific in turn owns 82% of Pacific Steel Casting Company and 16.7% of      
Alpha Capital Company. Mr. Delsol is President and Chief Executive Officer of   
Pacific Steel Casting and co-trustee of the Pacific Steel Casting Pension       
Plan and the Pacific Steel Casting Profit Sharing Plan. He also is President    
and a director of Alpha Capital Company and a director of First American.       

Mr. Delsol beneficially owns, directly or indirectly, the following   
common stock of First American Health Concepts:                                 

-   66,515 (2.6%) owned by Alpha Capital.                             

-   191,132 shares (7.5%) held for the benefit of advisory clients of 
Alpha Capital.                                                

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                                                    Page 9 of 10 Pages

Mr. Delsol has shared voting and shared dispositive authority with respect to   
the above shares.                                                               

-   390,722 shares (15.6%) are owned by Pacific Steel Casting Company.

      116,286 shares (4.6%) are owned by the Pacific Steel Casting Company
Pension Plan.                                                 

     58,143 shares (2.3%) are owned by the Pacific Steel Casting Company
Profit Sharing Plan.                                          

 23,257 shares (.9%) are owned by Piece of the Pebble, a limited
partnerhship.                                                 

Mr. Delsol has shared dispositive authority with respect to these shares.       

Mr. Delsol has sole dispositive authority with respect to options on  
20,000 shares of First American common stock.                                   

 Transactions in First American Health Concepts common stock in the last
60 days include:                                                                

-   On or about March 31, 1994, Pinnacle Capital Management L.P.      
   transferred in kind to certain limited partners of Pinnacle their
    proportionate interest in First American stock held by Pinnacle as
  follows: Pacific Steel Casting Company (390,722 shares); Pacific
  Steel Casting Profit Sharing Plan (58,143 shares); Pacific Steel
      Casting Pension Plan (116,286 shares); Alpha Capital Company (23,257
 shares); and Piece of the Pebble (23,257 shares). These limited
partners had paid an average of $4.30 per share for their     
      partnership interests in Pinnacle. During the past 60 days, advisory
      clients of Alpha Capital purchased a total of 27,000 shares and sold
7,000 shares of First American common stock in public market  
transactions at prevailing market prices.                     

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

None to report.                                               

Item 7.  Material to be Filed as Exhibits.                                      

None.                                                         

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                                                       Page 10 of 10 Pages
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.                                                                        

Date: April 8, 1994                                                             
---------------                                                       

               /s/ Robert Delsol
                                      ----------------------------------------
                      ROBERT DELSOL, President
                           Pacific Steel Casting Company

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Dates Referenced Herein and Documents Incorporated By Reference

		Referenced-On Page
This SC 13D Filing	Date	First	Last	Other Filings

	3/31/94	1	9
	4/8/94	10
Filed On / Filed As Of	7/23/98			SC 13D, SC 13D/A

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Pacific Steel Casting Co, et al. · SC 13D · First American Health Concepts Inc · On 7/23/98

Filed On 7/23/98 · SEC File 5-37830 · Accession Number 1047469-98-28081

General Statement of Beneficial Ownership · Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated By Reference

General Statement of Beneficial Ownership · Schedule 13D
Filing Table of Contents