Access Healthnet Inc

Access HealthNet Inc., a Westlake Village firm that links doctors, hospitals and clinical laboratories by computer, has been sued by a company that helped it raise $1.6 million in operating funds, according to Michael McMahon, vice president of Access. "We feel the allegations have no merit and we intend to defend ourselves vigorously," McMahon said. He said the suit charges that Access violated an agreement to pay a finder's fee and to reimburse the plaintiffs for public-relations services.

Access HealthNet Inc., a once high-flying Westlake Village provider of high-tech communications systems for the health-care industry, has ceased operations and is seeking to liquidate under federal bankruptcy laws. Access, whose problems surfaced last fall, when its president unexpectedly resigned and losses were announced for its most recent operating periods, had no choice but to seek bankruptcy court protection from its creditors, the company announced.

Access Healthnet Inc., a Westlake Village provider of communications systems that connect doctors, hospitals and laboratories, has signed a deal to supply its networks to Community Health Systems Inc., a Brentwood, Tenn., company that operates 20 hospitals in the South, Midwest and West. Keith Berman, Access' president and chief executive, said he expects to install the systems in all 20 hospitals within 18 months.

Access HealthNet Inc. of Westlake Village, whose president resigned abruptly last month, has reported a net loss and sharply reduced revenues in its latest quarter. The company, a provider of communications systems for the health care industry, says it lost $2.1 million, or 34 cents a share, on sales of $63,000 in the three months that ended Sept. 30. This compared with a profit of $138,000, or 2 cents a share, on revenues of $2.1 million a year earlier. For the six months that ended Sept.

Access Healthnet Inc., a Westlake Village provider of communication systems that connect doctors, hospitals and labs, reported a sharp increase in earnings in its fiscal second quarter that ended Sept. 30. Earnings surged to $426,048 in the quarter, up from $66,796 in the same quarter a year earlier. Revenues in the latest quarter were $2.97 million compared to $541,162 in the same quarter of 1993. For the six-month period, Access posted earnings of $788,020 on sales of $5.

ACCESS HealthNet Inc. has signed a $1.1-million contract with the U. S. Air Force to establish a laboratory information system at five Air Force base hospitals. The Westlake Village-based company said it will receive $520,000 to set up the system and an additional $600,000 to maintain it for four years.

Access HealthNet Inc., a Westlake Village provider of health-care data management and communications systems, said it posted a $334,288 fiscal first-quarter profit contrasted with a $76,795 loss a year ago. The company's revenues jumped more than 600% in the three months ended June 30, to $1.7 million from $238,543 in last year's first quarter. Access also said it received a $1.

Access HealthNet Inc., a Westlake Village provider of computer systems linking health-care providers with hospitals and laboratories, said a 2 1/2-for-1 reverse stock split took effect July 6. That means that every 2 1/2 shares of Access were converted to one share, thereby propping up the price of one share 2.5 times. Access also said it has an agreement in which Medical Lab Specialist Inc., a subsidiary of American Outpatient Services Corp.

Access HealthNet Inc., a Westlake Village provider of computer systems linking health-care providers with hospitals and laboratories, said it has received an order from Rx Medical Services Inc. worth up to $1.4 million over two years. The computer systems allow doctors to receive lab results through their office terminals. Prior to the Rx Medical order, Access HealthNet said its shipments of the systems totaled more than $2.5 million in its last two fiscal quarters.

The president of Access HealthNet Inc., a Westlake provider of communications systems for the health-care industry, has abruptly left the company amid reports of unexpected losses and an infusion of cash from directors and others. Access expects to post losses totaling about $5 million for the six months that will end Dec. 31, the company has announced.

Access HealthNet Inc., a Westlake Village provider of communications systems for the health care industry, has completed a $1.9-million private placement of its common stock and has also acquired marketing rights to a British company's networking products. Access said its stock was purchased by an investment concern, Ben Bush Investment Management Inc. Steven E.

ACCESS HealthNet Inc., a Westlake Village provider of health-care communications services, said Data General Corp. and Ameritech Corp. have agreed to provide financing of more than $5 million during the next year to help ACCESS boost its inventory, and help customers buy its computer systems. The new line of the lines of credit will help finance deals struck by ACCESS earlier this year with two large, laboratory-service companies for hardware and software systems.

Access Healthnet Inc., a Westlake Village provider of communication systems that connect doctors, hospitals and labs, reported a sharp increase in earnings in its fiscal second quarter that ended Sept. 30. Earnings surged to $426,048 in the quarter, up from $66,796 in the same quarter a year earlier. Revenues in the latest quarter were $2.97 million compared to $541,162 in the same quarter of 1993. For the six-month period, Access posted earnings of $788,020 on sales of $5.

Access HealthNet Inc., a Westlake Village provider of health-care information systems products, reported profits in its fiscal third quarter and nine months that ended Dec. 31, rebounding from year-earlier losses. In the latest three months, the company earned $268,210, contrasted with a loss of $172,110 a year before. Its quarterly revenue rose 60%, to $1.42 million from $890,918. For the nine months that ended Dec. 31, Access HealthNet had net income of $989,510 and its revenue tripled to $4.

A group of investment funds has purchased $500,000 of convertible notes and warrants issued by Access HealthNet Inc., a Westlake Village company that develops medical information and management systems. The buying group was led by LifeSciences Technology Partners, an investment firm that specializes in funding health care ventures. The notes and warrants are convertible into 1.67 million shares of Access HealthNet common stock, or 24.1% of the total outstanding.

Access Healthnet Inc., a Westlake Village provider of communications systems that connect doctors, hospitals and laboratories, has signed a deal to supply its networks to Community Health Systems Inc., a Brentwood, Tenn., company that operates 20 hospitals in the South, Midwest and West. Keith Berman, Access' president and chief executive, said he expects to install the systems in all 20 hospitals within 18 months.

ACCESS HealthNet Inc. has signed a $1.1-million contract with the U. S. Air Force to establish a laboratory information system at five Air Force base hospitals. The Westlake Village-based company said it will receive $520,000 to set up the system and an additional $600,000 to maintain it for four years.