American Health Restructures Its Loan Payments

NEWPORT BEACH — American Health Services Corp., which operates diagnostic centers, said Monday it has restructured its lending agreement with its primary bank.

Under the deal signed April 12, the company will delay a $9.6-million payment due in May until January, 1996, and cut the payment amount by $2.1 million. A restructured payment plan also saves the company $215,000 a month.

American Health Services, based in Newport Beach, runs centers that do diagnostic tests such as computer imaging, which is similar to an X-ray.

Separately Monday, the company released its results for 1993, posting a loss of $2.5 million, or 25 cents a share. That compared to a loss of $14.7 million, or $1.51 a share, for the previous 12 months. Annual revenues fell 2% to $37.5 million from $38.3 million.

For the fourth quarter, the company reported a loss of $949,000, or 10 cents a share, compared to a loss of $14.1 million, or $1.47 a share, for the same period a year earlier. Three-month revenue fell to $9.3 million from $9.4 million.