U.S. SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON,  D.C.  20549
                                  FORM 12B-25
                                                 Commission File Number  0-27456
                                                                        --------

                          NOTIFICATION OF LATE FILING

(Check one):  [ ] Form 10-K and Form 10-KSB   [ ] Form 20-F   [ ] Form 11-K
[X] Form 10-Q and Form 10-QSB   [ ] Form N-SAR
For Period Ended:      March 31, 1997
                     ------------------
[ ] Transition Report on Form 10-K  [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F  [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K

For the Transition Period Ended:
                                -----------------------------------------------

Read attached instruction sheet before preparing form.  Please
print or type.

  Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.

  If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:

                        PART I --REGISTRANT INFORMATION

Full name of registrant  EquiMed, Inc.
                         -------------
Former name if applicable  EquiVision, Inc.
                           ----------------
Address of principal executive office (Street and  number)

                               2171 Sandy Drive
- -----------------------------------------------------------------------------

City, State and Zip Code  State College, PA 16803
                          ------------------------

                       PART II--RULES 12B-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

[X]  (a)  The reasons described in reasonable detail in Part III of
          this form could not be eliminated without unreasonable effort or
          expense;

[ ]  (b)  The subject annual report, semi annual report, transition report on
          Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed
          on or before the 15th calendar day following the prescribed due date;
          or the subject quarterly report or transition report on the From 10-Q,
          or portion thereof will be filed on or before the fifth calendar day
          following the prescribed due date; and

[ ]  (c)  The accountant's statement or other exhibit required by Rule 12b-25(c)
          has been attached if applicable.



     
                             PART III -- NARRATIVE

State below in reasonable detail the reasons why Form 10-K and Form 10-KSB, 11-
K, 20-F, 10-Q and Form 10-QSB, N-SAR or the transition report or portion thereof
could not be filed within the prescribed time period. (Attach extra sheets if
needed.)

          On November 5, 1996, the Registrant consummated the sale of a
     significant portion of its assets. The Registrant was, until recently,
     unable to gain access to certain accounting records regarding the portion
     of its business to which the assets sold related. Such records were in the
     possession of the company that acquired such assets. Accordingly, the
     Registrant has been unable to complete its financial statements for the
     period ended December 31, 1996 in a timely fashion. Consequently, the
     Registrant has also been unable to complete its financial statements for
     the quarter ended March 31, 1997.

                          PART IV -- OTHER INFORMATION

     (1) Name and telephone number of person to contact in regard to this
         modification

                Daniel Beckett         (814)          238-0375
              -----------------------------------------------------
                   (Name)            Area Code     Telephone Number

     (2) Have all other periodic reports required under Section 13 or 15(d) of
         the Securities Exchange Act of 1934 or Section 30 of the Investment
         Company Act of 1940 during the preceding 12 months or for such shorter
         period that the registrant was required to file such report(s) been
         filed? If the answer is no, identify report(s).

           Form 10-K for the year ended December 31, 1996      [ ] Yes   [X] No

     (3) Is it anticipated that any significant change in results of operations
         from the corresponding period for the last fiscal year will be
         reflected by the earnings statements to be included in the subject
         report or portion thereof?
                                                               [X] Yes   [ ] No
     If so: attach an explanation of the anticipated change, both narratively
     and quantitatively, and, if appropriate, state the reasons why a reasonable
     estimate of the results cannot be made.

          The Registrant's results of operations for the quarter ended March 31,
     1996 reflect two months of operations of the Registrant's former
     ophthalmology division, which became part of the Registrant in early
     February 1996. The results of operations for the quarter ended March 31,
     1997 will not reflect such operations as the ophthalmology division was
     sold by the Registrant in November 1996. The results of operations for the
     first quarter of 1997 will also reflect several acquisitions concluded by
     the Registrant after March 1996. As noted above in Part III, the Registrant
     has recently gained access to the financial books and records of its former
     ophthalmology division and is finalizing the preparation of its 1996 year-
     end financial statements and its auditors are completing their audit.
     Accordingly, until the Registrant's December 31, 1996 financial statements
     are finalized, the Registrant is unable to prepare its March 31, 1997
     financial statements.

                                EquiMed, Inc. 
     ------------------------------------------------------------------------
                 (Name of registrant as specified in charter)

     Has caused this notification to be signed on its behalf by the
     unsigned thereunto duly authorized.

     Date    May 15, 1997      By      /s/  Daniel L. Beckett
             -----------------       ----------------------------
                Instruction:  The form may be signed by an executive officer of
          the registrant or by any other duly authorized representative. The
          name and title of the person signing the form shall be typed or
          printed beneath the signature. If the statement is signed on behalf of
          the registrant by an authorized representative (other than an
          executive officer), evidence of the representative's authority to sign
          on behalf of the registrant shall be filed with the form.