Maxum and American Health complete merger

Maxum Health and American Health Services have completed the mergerannounced earlier this year between the two imaging services providers(SCAN 3/13/96). The merged company will be known as InSight HealthServices and will be headquartered in Newport Beach, CA.

Maxum and American Health shareholders hold about half of InSight'soutstanding common stock, while GE Medical Systems owns a preferredstock position that can be converted into 48% of InSight's commonstock. GE received the position in exchange for an extensive debtand lease restructuring, according to InSight. GE can also receivepayments related to InSight's future performance, according tothe company.