As filed with the Securities and Exchange Commission on July , 1996
_______________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
DIAGNOSTIC IMAGING SERVICES, INC.
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
449838 101
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(CUSIP NUMBER)
Melvin C. Breaux, Esq.
DVI, Inc.
500 Hyde Park, Doylestown, Pennsylvania 18901
TEL. NO.: (215) 345-6600
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(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
MARCH 31, 1996
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(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 <square>
Check the following box if a fee is being paid with the statement
<square>
_______________________________________________________________________________
NA174839.1
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SCHEDULE 13D
CUSIP NO. 449838 101
<TABLE>
<S> <C>
_________________________________________________________________________________________________________
1. NAME OF REPORTING PERSON: DVI, INC.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 22-2722773
_________________________________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) <checked-box>
(b) <square>
_________________________________________________________________________________________________________
3. SEC USE ONLY
_________________________________________________________________________________________________________
4. SOURCE OF FUNDS 00
_________________________________________________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) <square>
_________________________________________________________________________________________________________
6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
_________________________________________________________________________________________________________
7. SOLE VOTING POWER -0-
_________________________________________________________________________________________________________
8. SHARED VOTING POWER 2,241,000
_________________________________________________________________________________________________________
9. SOLE DISPOSITIVE POWER -0-
_________________________________________________________________________________________________________
10. SHARED DISPOSITIVE POWER 2,241,000
_________________________________________________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 2,241,000
_________________________________________________________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES <square>
_________________________________________________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.35%
_________________________________________________________________________________________________________
14. TYPE OF REPORTING PERSON CO
</TABLE>
NA174839.1
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SCHEDULE 13D
CUSIP NO. 449838 101
<TABLE>
<S> <C>
_________________________________________________________________________________________________________
1. NAME OF REPORTING PERSON: DVI HEALTHCARE OPERATIONS, INC.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 33-0483691
_________________________________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) <checked-box>
(b) <square>
_________________________________________________________________________________________________________
3. SEC USE ONLY
_________________________________________________________________________________________________________
4. SOURCE OF FUNDS 00
_________________________________________________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) <square>
_________________________________________________________________________________________________________
6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
_________________________________________________________________________________________________________
7. SOLE VOTING POWER -0-
_________________________________________________________________________________________________________
8. SHARED VOTING POWER 2,241,000
_________________________________________________________________________________________________________
9. SOLE DISPOSITIVE POWER -0-
_________________________________________________________________________________________________________
10. SHARED DISPOSITIVE POWER 2,241,000
_________________________________________________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 2,241,000
_________________________________________________________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES <square>
_________________________________________________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.35%
_________________________________________________________________________________________________________
14. TYPE OF REPORTING PERSON CO
</TABLE>
NA174839.1
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The Schedule 13D filed with the Securities and Exchange Commission on
September 11, 1992 by DVI, Inc., a Delaware corporation ("DVI") (formerly known
as DVI Health Services Corporation), with respect to its ownership of common
stock, $.01 par value (the "Common Stock"), issued by Diagnostic Imaging
Services, Inc., a Delaware corporation ("DIS") (formerly known as IPS Health
Care, Inc.), is amended to furnish the additional information set forth below:
ITEM 4. PURPOSE OF TRANSACTION
The following is added to Item 4:
On March 31, 1996, DVIH sold 730,768 shares of DIS common stock to RadNet
Management, Inc. ("RadNet"). Additionally, RadNet Managed Imaging Services,
Inc. ("RMI"), a wholly-owned subsidiary of RadNet, has agreed in principle to
purchase the 2,482,000 shares of DIS Series F Redeemable Convertible Preferred
Stock, par value $.01 per share (the "Series F Preferred Stock"), and the
2,000,000 shares of DIS Series G Redeemable Convertible Preferred Stock, par
value $.01 per share (the "Series G Preferred Stock", and together with the
Series F Preferred Stock, the "Preferred Stock") held by DVIH.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The following is added to Item 5:
The shares of Series F Preferred Stock and Series G Preferred Stock owned
by DVIH are convertible into 1,241,000 and 1,000,000 shares of Common Stock,
respectively, subject to adjustment in certain circumstances. Based on (i) the
11,463,956 shares of Common Stock reported by DIS to be issued and outstanding
at June 27, 1996, and (ii) the 2,241,000 shares of Common Stock issuable upon
conversion of the Preferred Stock, each of DVI and DVIH is the beneficial owner
of 16.35% of the Common Stock.
NA174839.1
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SIGNATURES
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.
DVI, INC.
By: /S/ MELVIN C. BREAUX
Vice President and
General Counsel
DVI HEALTHCARE OPERATIONS, INC.
By: /S/ MELVIN C. BREAUX
Vice President and
General Counsel
July , 1996
NA174839.1
