-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EgtD336KrbUJI8zS/jayp1s5kaeiZmp4QLEdLTdoAOfj82XY24Ly+0UgmIsj5Rh8 6PKSXV7q/tfiMAqoqfUIaw== 0001047469-98-030714.txt : 19980813 0001047469-98-030714.hdr.sgml : 19980813 ACCESSION NUMBER: 0001047469-98-030714 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980812 ITEM INFORMATION: FILED AS OF DATE: 19980812 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: INSIGHT HEALTH SERVICES CORP CENTRAL INDEX KEY: 0001012697 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEDICAL LABORATORIES [8071] IRS NUMBER: 330702770 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: SEC FILE NUMBER: 333-02935 FILM NUMBER: 98683587 BUSINESS ADDRESS: STREET 1: 4440 VON KARMAN AVENUE STE 800 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9494760733 MAIL ADDRESS: STREET 1: 4440 VON KARMAN AVE STE 800 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 8-K/A 1 8-K/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------------- FORM 8-K/A AMENDMENT NO. 2 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) August 12, 1998 ------------------------------ InSight Health Services Corp. - ------------------------------------------------------------------------------ (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER) Delaware 0-28622 33-0702770 - ------------------------------------------------------------------------------ (STATE OR OTHER JURISDICTION (COMMISSION (I.R.S. EMPLOYER OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.) 4400 MacArthur Boulevard, Suite 800, Newport Beach, CA 92660 ------------------------------------------------------------ (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) (949) 476-0733 -------------- (REGISTRANT'S TELEPHONE NUMBER INCLUDING AREA CODE) N/A - ------------------------------------------------------------------------------ (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED. On August 18, 1997, the Registrant filed an amendment no. 1 to its current report on Form 8-K and the audited combined condensed financial statements of Mobile Imaging Consortium for the years ended December 31, 1996, 1995 and 1994, required by this item, were attached thereto. However, the Registrant inadvertently omitted from such amendment combined condensed financial statements for the three months ended March 31, 1997 and 1996. These financial statements are attached hereto. (b) PRO FORMA FINANCIAL INFORMATION. Not applicable. (c) EXHIBITS 99.1(c) Mobile Imaging Consortium Combined Condensed Financial Statements for the Three Months Ended March 31, 1997 and 1996 (Unaudited) (filed herewith). 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 12, 1998 INSIGHT HEALTH SERVICES CORP. BY: /s/ E. LARRY ATKINS ------------------------------------- E. Larry Atkins President and Chief Executive Officer 3 EX-99.1(C) 2 EXHIBIT 99.1(C) EXHIBIT 99.1(c) MOBILE IMAGING CONSORTIUM COMBINED CONDENSED BALANCE SHEETS March 31, 1997 and December 31, 1996
March 31, December 31, 1997 1996 ----------- ------------ (Unaudited) ASSETS Cash and cash equivalents $ 955,706 $ 381,591 Accounts receivable, net 1,170,840 1,350,324 Prepaid expenses and other current assets 262,142 177,340 ---------- ---------- Total current assets 2,388,688 1,909,255 Property and equipment, net 1,397,057 1,690,650 Other assets, net 9,910 12,386 ---------- ---------- $3,795,655 $3,612,291 ---------- ---------- ---------- ---------- LIABILITIES AND PARTNERS' CAPITAL Accounts payable and accrued expenses $ 158,839 $ 247,415 Current portion of long-term debt 105,922 131,017 Current portion of obligations under capital leases 1,085,475 1,077,732 ---------- ---------- Total current assets 1,350,236 1,456,164 Long-term debt, less current portion 45,517 67,555 Obligations under capital leases, less current portion 191,767 454,245 Partners' capital 2,208,135 1,634,327 ---------- ---------- $3,795,655 $3,612,291 ---------- ---------- ---------- ----------
MOBILE IMAGING CONSORTIUM COMBINED CONDENSED STATEMENTS OF INCOME Three Months Ended March 31, 1997 and 1996 (Unaudited)
1997 1996 ---------- ---------- Revenues Net scan revenue $1,741,837 $1,851,044 Interest 1,711 3,548 Other 2,935 26,205 ---------- ---------- Total revenue 1,746,483 1,880,797 Total operating expenses 1,172,675 1,040,442 ---------- ---------- Net income $ 573,808 $ 840,355 ---------- ---------- ---------- ----------
MOBILE IMAGING CONSORTIUM COMBINED CONDENSED STATEMENTS OF CASH FLOWS Three Months Ended March 31, 1997 and 1996 (Unaudited)
1997 1996 --------- ---------- Cash flows from operating activities: Net income $ 573,808 $ 840,355 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 296,069 330,585 Changes in current assets and liabilities: (Increase) decrease in accounts receivable 179,484 (551,233) (Increase) decrease in prepaid expenses and other current assets (84,802) 143,040 Decrease in accounts payable and accrued expenses (88,576) (259,951) --------- ---------- Net cash provided by operating activities 875,983 502,796 --------- ---------- Cash flows from financing activities: Principal payments of long-term debt (47,133) (125,590) Principal payments on capital lease obligations (254,735) (184,108) --------- ---------- Net cash used in financing activities (301,868) (309,698) --------- ---------- Net increase in cash 574,115 193,098 Cash, at beginning of period 381,591 972,134 --------- ---------- Cash, at end of period $ 955,706 $1,165,232 --------- ---------- --------- ----------
MOBILE IMAGING CONSORTIUM NOTES TO FINANCIAL STATEMENTS MARCH 31, 1997 AND 1996 1. BASIS OF PRESENTATION In the opinion of management, the financial information reflects all adjustments which are necessary to a fair presentation of the financial position, results of operations and cash flows for the interim periods presented and are of a normal recurring nature. The statements should be read in conjunction with the notes to the financial statements of Mobile Imaging Consortium as of and for the years ended December 31, 1996 and 1995. -----END PRIVACY-ENHANCED MESSAGE-----