Dvi Health Services

DVI Health Services, which once issued stock through a New York brokerage that the government recently charged with fraud, said Wednesday that it will issue 2 million more common shares through other brokers. DVI hopes to raise up to $30 million to repay short-term debt in a revolving credit account, said David Higgins, president of Irvine-based DVI, a provider of health-care services and financial services to the medical industry.

DVI Health Services Corp., a financial-services and medical-equipment company, has acquired a 22% stake in IPS Health Care Inc., which defaulted on leases to DVI three months ago. The stock transaction, valued at about $1.6 million, is one in a series of moves that will strengthen DVI's influence over IPS decisions. In July, DVI agreed to restructure about $5.3 million in lease payments for mobile Magnetic Resonance Imaging systems, which physicians use to scan the body for injuries.

DVI Health Services Corp., a financial-services and medical-equipment company, has acquired a 22% stake in IPS Health Care Inc., which defaulted on leases to DVI three months ago. The stock transaction, valued at about $1.6 million, is one in a series of moves that will strengthen DVI's influence over IPS decisions. In July, DVI agreed to restructure about $5.3 million in lease payments for mobile Magnetic Resonance Imaging systems, which physicians use to scan the body for injuries.

DVI Health Services, which once issued stock through a New York brokerage that the government recently charged with fraud, said Wednesday that it will issue 2 million more common shares through other brokers. DVI hopes to raise up to $30 million to repay short-term debt in a revolving credit account, said David Higgins, president of Irvine-based DVI, a provider of health-care services and financial services to the medical industry.

DVI Health Services Corp., seeking additional capital to expand its equipment financing business, said Monday it has issued $42 million worth of notes to Allstate Life Insurance Co. and Principal Mutual Life Insurance Co. The notes are secured by equipment leases and were issued to the two insurance companies through a specially formed corporation, DVI Lease Finance Corp. II. The leases were made by DVI Financial Services Inc., a company subsidiary.

A unit of DVI Health Services Corp. said Thursday it has an agreement with a major financial institution to sell $200 million in secured notes backed by medical equipment financing receivables. The notes will be issued in a series of private placements beginning later this summer. The company said this is more efficient and profitable than the company's old practice of selling many of its equipment-financing transactions. The unit, DVI Financial Services Inc.

Billings Bonanza: Irvine-based DVI Health Services Corp., thinks it may have hit upon a gold mine. The medical financing company, which specializes in leasing expensive medical equipment, such as magnetic resonance imaging machines, has begun to operate in the factoring business, which is making loans on unpaid bills--in this case requests submitted to insurance companies by private physicians.

DVI Health Services Corp., an Irvine company that leases medical equipment and operates imaging centers, reported a 61% decline in profit for its latest fiscal quarter. Earnings for the second quarter ended Dec. 31 came to $237,000, or 4 cents a share, contrasted with $606,000, or 12 cents a share, for the same period a year earlier. The company attributed the drop to a change in leasing arrangements and a decline in operating revenue from imaging centers it owns.

DVI Health Services Corp. said Friday that it has raised more than $15 million on Wall Street to pay off short-term debt and position itself for expansion of its outpatient operations. The company, which also provides financing to other outpatient facilities for medical equipment, offered 1.52 million shares of common stock Thursday on the New York Stock Exchange. The offering price was $10 a share. The stock closed Friday at $9.88, down 12 cents. Chicago Corp. and W.I.G.