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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): May 29, 1996
Medaphis Corporation
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
000-19480
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(Commission File Number)
58-1651222
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(IRS Employer Identification Number)
2700 Cumberland Parkway
Suite 300
Atlanta, Georgia 30339
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 444-5300
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Exhibit Index Located on Page: 4
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Total Number of Pages: 6
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Item 5. Other Events.
The Supplemental Quarterly Consolidated Statements of Income (Loss)
appear herein as Exhibit 99.1, and have been prepared to give retroactive
effect to the merger of RipSub, Inc., a Georgia corporation and a wholly owned
subsidiary of Medaphis Corporation, a Delaware corporation ("Medaphis"), with
and into Rapid Systems Solutions,Inc., a Maryland corporation, and the merger
of BSGSub, Inc., a Delaware corporation and a wholly owned subsidiary of
Medaphis, with and into BSG Corporation, a Delaware corporation.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
99.1 Supplemental Quarterly Consolidated Statements of Income
(Loss) as described in Item 5 of this Form 8-K.
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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: May 29, 1996
MEDAPHIS CORPORATION
By: /s/ William R. Spalding
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William R. Spalding
Senior Vice President --
Administration, General Counsel
and Secretary
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit Page No.
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<S> <C> <C>
99.1 Supplemental Quarterly Consolidated Statements 6
of Income (Loss)
</TABLE>
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EXHIBIT 99.1
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MEDAPHIS CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL QUARTERLY CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(unaudited, in thousands except per share data)
<TABLE>
<CAPTION>
QUARTERLY PERIOD ENDING
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MARCH 31, JUNE 30, SEPTEMBER 30, DECEMBER 31, MARCH 31,
1995 1995 1995 1995 1996
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<S> <C> <C> <C> <C> <C>
Revenue $ 130,367 $ 137,298 $ 139,053 $ 145,414 $ 159,869
--------- --------- --------- --------- ---------
Salaries and wages 74,811 77,978 81,114 84,111 88,963
Other operating expenses 29,027 33,760 34,553 33,374 38,618
Depreciation 3,376 3,697 3,483 3,790 4,917
Amortization 3,522 3,664 3,773 3,153 4,023
Interest expense, net 3,931 2,348 2,426 1,712 2,242
Restructuring and other charges 31,750 - 14,000 9,200 150
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Total expenses 146,417 121,447 139,349 135,340 138,913
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Income (loss) before income taxes (16,050) 15,851 (296) 10,074 20,956
Income taxes (8,932) 6,362 2,025 7,448 8,613
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Net income (loss) (7,118) 9,489 (2,321) 2,626 12,343
Pro foma adjustments, principally income
taxes (3,874) (340) 365 966 354
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Pro forma net income (loss) $ (10,992) $ 9,149 $ (1,956) $ 3,592 $ 12,697
========= ========= ========= ========= =========
Pro forma income (loss) per common
share $ (0.23) $ 0.14 $ (0.04) $ 0.06 $ 0.18
========= ========= ========= ========= =========
Weighted average shares outstanding 47,704 63,112 54,466 63,600 69,164
========= ========= ========= ========= =========
</TABLE>
Note: The accompanying unaudited supplemental statements of income are included
for information purposes only. Accordingly, for further information,
the reader of this exhibit may wish to refer to the audited supplemental
consolidated financial statements of the Company for the three years in
the period ended December 31, 1995 which are included in the Company's
Current Report on Form 8-K filed on May 24, 1996 which is incorporated
herein by reference and the unaudited consolidated financial statements
of the Company for the three month period ended March 31, 1996 included
in the Company's Quarterly Report on form 10-Q for the quarter ended
March 31, 1996 which is incorporated herein by reference.
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