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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 29, 1996
INNOSERV TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
CALIFORNIA 0-13608 95-3619990
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification
Number)
320 WESTWAY, SUITE 520, ARLINGTON, TEXAS 76018
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (817) 468-3377
NOT APPLICABLE
(Former name or former address, if changed since last report)
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ITEM 5 OTHER EVENTS
The Registrant publicly announced the extension of its bank line of
credit from October 12, 1996, to November 12, 1996. The Registrant's press
release of October 29, 1996, attached to this report as Exhibit 20.1 is
incorporated herein by reference.
The Exhibit Index is attached hereto as page 4.
2
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant had duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: October 29, 1996 INNOSERV TECHNOLOGIES, INC.
(Registrant)
By: /s/ THOMAS HOEFERT
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Thomas Hoefert
Vice President and Chief
Financial Officer (Duly
authorized officer and
Principal Financial and
Accounting Officer)
3
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EXHIBIT INDEX
EXHIBIT PAGE
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20.1 Press Release dated October 29, 1996. 5
4
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Exhibit 20.1 Press Release
Contact: THOMAS E. HOEFERT
Chief Financial Officer
817-468-3377
INNOSERV TECHNOLOGIES, INC.-Registered Trademark-
320 Westway Place, Suite 520
Arlington, Texas 76018
INNOSERV TECHNOLOGIES, INC.-Registered Trademark- EXTENDS BANK LOAN
Arlington, TX, October 29, 1996 -- INNOSERV TECHNOLOGIES, INC. (NASDAQ -
ISER) reported that the expiration date of its $500,000 revolving line of
credit has been extended from October 12, 1996, to November 12, 1996. All
other terms of the line of credit remain the same. The Company requested the
extension when it was unable to complete replacement financing of its current
bank loan agreement with another financial institution on terms previously
negotiated with such financial institution prior to the October 12, 1996,
expiration date.
INNOSERV is currently holding discussions with its current lender and the
other financial institution concerning the terms of financing to replace the
Company's current bank loan agreement. The current agreement contains a
$1,500,000 term loan expiring January 30, 1999, and the $500,000 revolving
line of credit against which INNOSERV had outstanding borrowings of
$1,250,000 and $500,000, respectively at October 12, 1996. INNOSERV believes
that, prior to the November 12, 1996, expiration date of
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the bank line of credit, terms of a new agreement will be reached or the
current lender will extend the line of credit further to allow discussions
for replacement financing to continue.
INNOSERV, through its various subsidiaries, provides comprehensive asset
management systems and services, multi-vendor maintenance and repair services
and other specialized services to radiology, cardiology, biomedical and
laboratory departments of hospitals and other healthcare providers.
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