CONFORMED COPY
FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
[ X ] QUARTERLY REPORT UNDER SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarter Ended September 30, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For The Transition Period From __________ To __________
IATROS HEALTH NETWORK, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-20345 23-2596710
(State of Incorporation) (Commission File No.) (IRS
Employer
Identification
No.)
10 Piedmont Center, Suite 400
Atlanta, Georgia, 30305
(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (404) 266-3643
Indicate by (X) whether Registrant has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months and has been subject to
such filing requirements for the past 90 days.
Yes X No
As of November 13, 1996, there were 15,842,242 shares of Common
Stock issued or to be issued and outstanding and 533,333 shares
of Series A Senior Convertible Preferred Stock.
Pursuant to the requirements of Section 13 or 15(d) 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.
IATROS HEALTH NETWORK, INC.
Dated: November 13, 1996 By: /s/ Joseph L. Rzepka
Joseph L. Rzepka
Executive Vice President
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> SEP-30-1996
<CASH> 676,582
<SECURITIES> 0
<RECEIVABLES> 8,397,568
<ALLOWANCES> 711,322
<INVENTORY> 433,683
<CURRENT-ASSETS> 11,806,757
<PP&E> 2,059,616
<DEPRECIATION> 798,123
<TOTAL-ASSETS> 39,073,102
<CURRENT-LIABILITIES> 5,538,944
<BONDS> 750,000
0
633
<COMMON> 15,842
<OTHER-SE> 32,436,805
<TOTAL-LIABILITY-AND-EQUITY> 39,073,102
<SALES> 4,317,496
<TOTAL-REVENUES> 20,990,203
<CGS> 2,643,071
<TOTAL-COSTS> 13,935,671
<OTHER-EXPENSES> 2,703,965
<LOSS-PROVISION> 675,072
<INTEREST-EXPENSE> 593,264
<INCOME-PRETAX> 3,082,233
<INCOME-TAX> 1,250,005
<INCOME-CONTINUING> 1,832,228
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,832,228
<EPS-PRIMARY> .11
<EPS-DILUTED> 0
</TABLE>
