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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Henfc3t+u0kVK15wToVtDXue0YtzkXVMYKAy8F5Q28CA0KcUEa2Lj1B6e2bu9ye8
 gtBmqG2AdjpP6MEadGzwJw==

<SEC-DOCUMENT>0000950142-04-000695.txt : 20040304
<SEC-HEADER>0000950142-04-000695.hdr.sgml : 20040304
<ACCEPTANCE-DATETIME>20040304143804
ACCESSION NUMBER:		0000950142-04-000695
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040302
FILED AS OF DATE:		20040304

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GAPCO GMBH & CO KG
		CENTRAL INDEX KEY:			0001187388

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22052
		FILM NUMBER:		04648536

	BUSINESS ADDRESS:	
		STREET 1:		3 PICKWICK PLAZA
		CITY:			GREENWICK
		STATE:			CT
		ZIP:			06830
		BUSINESS PHONE:		2036298600

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROXYMED INC /FT LAUDERDALE/
		CENTRAL INDEX KEY:			0000906337
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				650202059
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2555 DAVIE ROAD
		STREET 2:		SUITE 110
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33317-7424
		BUSINESS PHONE:		9544731001

	MAIL ADDRESS:	
		STREET 1:		2555 DAVIE ROAD
		STREET 2:		SUITE 110
		CITY:			FT LAUDERDALE
		STATE:			FL
		ZIP:			33317

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HMO PHARMACY INC
		DATE OF NAME CHANGE:	19930601
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_gmbhkg-proxymedex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-03-02</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000906337</issuerCik>
        <issuerName>PROXYMED INC /FT LAUDERDALE/</issuerName>
        <issuerTradingSymbol>PILL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001187388</rptOwnerCik>
            <rptOwnerName>GAPCO GMBH &amp; CO KG</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GENERAL ATLANTIC PARTNERS GMBH</rptOwnerStreet1>
            <rptOwnerStreet2>KOENIGSALLEE 62</rptOwnerStreet2>
            <rptOwnerCity>DUESSELDORF</rptOwnerCity>
            <rptOwnerState>2M</rptOwnerState>
            <rptOwnerZipCode>40212</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-03-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1311</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>14.25</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3882</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <remarks>By:  GAPCO Management GmbH</remarks>

    <ownerSignature>
        <signatureName>/s/ Matthew Nimetz, Managing Director</signatureName>
        <signatureDate>2004-03-03</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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