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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): August 21, 2007
ORION HEALTHCORP, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 001-16587 58-1597246
(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction of Identification Number)
Incorporation)
1805 Old Alabama Road, Suite 350
Roswell, GA 30076
(Address of Principal Executive Offices) (Zip Code)
(678) 832-1800
(Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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1
Item 1.02 Entry into a Material Definitive Agreement.
On August 21, 2007, Orion HealthCorp, Inc. ("Orion") entered into a
first amendment to Credit Agreement (the "Credit Agreement"), dated
December 1, 2006, among Orion, its subsidiaries and Wells Fargo
Foothill, Inc. The amendment increases the commitment under the
revolver from $2,000,000 to $2,500,000 and revises certain of the
financial covenants contained in the Credit Agreement. This
description of the first amendment is subject to and qualified by
reference to the exact terms of the First Amendment to Credit
Agreement, a copy of which is attached hereto as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
The following exhibits are furnished as part of this current report:
Exhibit Description
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10.1 First Amendment to Credit Agreement, dated as of August
21, 2007, by and among Orion HealthCorp, Inc., each of
the subsidiaries identified therein and Wells Fargo
Foothill, Inc.
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ORION HEALTHCORP, INC.
By: /s/ Stephen H. Murdock
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Stephen H. Murdock
Chief Financial Officer
Date: August 21, 2007
EXHIBIT INDEX
Exhibit Description
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10.1 First Amendment to Credit Agreement, dated as of August 21,
2007, by and among Orion HealthCorp, Inc., each of the
subsidiaries identified therein and Wells Fargo Foothill, Inc.