EXHIBIT 10.27


                         HEALTH CARE PROVIDER AGREEMENT


                         HEALTH CARE PROVIDER AGREEMENT

This Health Care Provider Agreement (this "AGREEMENT") is entered into by and
between Jayhawk Medical Acceptance Corporation, a Texas corporation ("JMAC")
with its principal place of business at 2001 Bryan Tower, Suite 600, Dallas,
Texas 75201, and  ___________________________________________________________,
a __________________________ ("PROVIDER"), with its principal place of business
at ____________________________________________________________________________.
JMAC and Provider desire by this Agreement to establish a framework under which
JMAC may purchase retail installment sales contracts (each a "CONTRACT")
originated by Provider that finance health care services provided by Provider.
In consideration of the mutual agreements contained in this Agreement, JMAC and
Provider agree as follows:

                       ARTICLE 1. PURCHASE OF CONTRACTS

1.1  Contract Specifications.  Provider will not submit a Contract to JMAC for
purchase unless it meets each of the following specifications (the "Contract

(a) the Contract (i) is in the form prescribed or approved by JMAC, (ii) has not
    been rescinded, (iii) is a legal, enforceable, and undisputed obligation of
    the person(s) who owes or guarantees payments under the Contract
    ("OBLIGOR"), subject to any express right of cancellation provided in the
    Contract, and (iv) is in compliance with all requirements of applicable
    federal, state and local laws and regulations, including without limitation
    applicable usury laws, the Federal Truth-in-Lending Act, the Equal Credit
    Opportunity Act, the Federal Trade Commission Act, and other federal and
    state consumer credit laws and regulations;

(b) Provider has received the cash down payment, if any, described in the
    Contract and no part of that cash down payment has been financed in any
    manner, and all amounts indicated in the Contract to be paid by Provider to
    any third party, if any, have been paid; and

(c) the health care services and other services and products incidental thereto
    ("HEALTH CARE SERVICES") financed by the Contract will be substantially
    initiated or completed within 30 days following the date of the Contract.

1.2 Acceptance of Contracts.  Each purchase of a Contract by JMAC will be upon
and subject to the following terms and conditions:

(a) The Contract and all writings and business records relating to such Contract
    (the "CONTRACT FILE") are in compliance with the requirements and policies
    issued by JMAC to Provider from time-to-time regarding Provider's submission
    of Contracts to JMAC.  Such requirements and policies may include, without
    limitation, (i) qualifications required of Obligors, and (ii) specifications
    of documents to be included in each Contract File.

(b) JMAC's issuance of a preliminary fax approval for a Contract will not be
    deemed to be JMAC's acceptance of such Contract for purchase under this
    Agreement.  Acceptance of a Contract for purchase under this Agreement will
    occur only when JMAC receives and approves the related Contract File and
    written proof signed by Provider that the related Health Care Services have
    been either substantially initiated or completed within the 30-day period
    immediately following the date of such Contract.  Upon the request of JMAC,
    Provider will furnish JMAC with any additional documents that JMAC deems
    necessary or appropriate to enable JMAC to exercise its rights and duties
    with respect to each Contract purchased by JMAC under this Agreement.

(c) JMAC is hereby authorized and empowered to endorse Provider's name on any
    payments made payable to Provider and execute and deliver, in JMAC's own
    name, any and all instruments of satisfaction or cancellation, or of partial
    or full release or discharge, and all other comparable instruments, with
    respect to each Contract purchased by JMAC under this Agreement.

(d) Notwithstanding anything to the contrary in this Agreement or otherwise,
    Provider shall have no obligation to submit any Contracts to JMAC for
    purchase under this Agreement, and JMAC shall have no obligation to purchase
    any Contracts submitted to JMAC by Provider.

1.3 Purchase of Contracts.  Prior to JMAC's acceptance of a Contract for
purchase, JMAC and Provider will mutually agree upon the price to be paid by
JMAC for the Contract (the "PURCHASE PRICE").  JMAC will pay to Provider the
Purchase Price for a Contract following JMAC's acceptance of the Contract for
purchase pursuant to Section 1.2. Upon payment of the Purchase Price with
respect to a Contract, (a) Provider will have sold to JMAC all of Provider's
right, title and interest in and to, and Provider will no longer have any right,
title or interest in and to, such Contract (including, but not limited to, all
payments on or collections with respect to such Purchased Contract), and (b)
such Contract will become a "PURCHASED CONTRACT" for purposes of this Agreement.

1.4 Purchased Contract Payments Received by Provider.  Provider will forward to
JMAC all payments it may receive on Purchased Contracts by no later than the
next business day following the day on which it received any such payments.

1.5 Cancellation of Health Care Services.  If an Obligor cancels Provider's
provision of Health Care Services at any time following the assignment of the
related Contract to JMAC and such cancellation results in a reduction of any
amounts payable under such Contract, then Provider will pay to JMAC the
difference between (a) the Purchase Price for the Contract, and (b) the amount
that would have been paid by JMAC to Provider as the Purchase Price for such
Contract based upon the result of subtracting (i) the amount of such reduction
in amounts payable under such Contract, from (ii) the original amount financed
by such Contract.  Provider will pay such difference to JMAC within 15 days
following its receipt of JMAC's statement setting forth the amount thereof.

1.6 Contract Forms and Services.  For Contracts that Provider intends to submit
to JMAC for purchase, JMAC will, at the request of Provider, fill-in the blanks
of the Contracts with information specified by Provider, and JMAC will then
transmit the completed Contracts to Provider.  Provider will be responsible for
verifying that each such completed Contract accurately sets forth the
information specified by Provider and otherwise complies with the provisions of
this Agreement with respect to Contracts.  If Provider does not request that
JMAC complete Contracts for Provider as provided above, JMAC will provide blank
form Contracts for Provider's use under this Agreement.


2.1 Experience Payments.  In order to provide Provider with an incentive to sell
high quality Contracts to JMAC (but not as part of the Purchase Price to be paid
for any Purchased Contract), Provider may earn an "EXPERIENCE PAYMENT," if any,
based on the final performance of all Experience Pool Contracts (as defined in
Section 2.3) purchased by JMAC in a General Experience Period Pool (as defined
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in Section 2.3).

(a)  JMAC's obligation to make an Experience Payment to Provider will arise if,
     at the end of any calender quarter ending on or after December 31, 1997,
     the cumulative total amount of all Collections (as defined below) received
     by JMAC on all Experience Pool Contracts in a General Experience Period
     Pool exceeds the sum (the "POOL BALANCE") of (i) the cumulative total of
     all amounts paid by JMAC for all Experience Pool Contracts in that General
     Experience Period Pool, plus (ii) an amount equal to 20% of the aggregate
     total of the amount financed by all Experience Pool Contracts in that
     General Experience Period Pool plus (iii) the cumulative total of all
     Experience Payments previously paid by JMAC with respect to that General
     Experience Period Pool.  In such an event, JMAC will pay to Provider
     following the last business day of the quarter in which such excess

     occurs an amount equal to the product of (x) such excess times (y) the
     quotient of the aggregate total of the amounts financed by all Experience
     Pool Contracts sold by Provider in that General Experience Period Pool
     divided by the aggregate total of the amounts financed by all Experience
     Pool Contracts in that General Experience Period Pool. Following the last
     business day of each calendar quarter in which JMAC receives any
     Collections on Experience Pool Contracts in a General Experience Period
     Pool commencing with the quarter in which that General Experience Period
     Pool is "closed", JMAC will provide to Provider a statement detailing the
     computations reflected in this section with respect to that General
     Experience Period Pool.

(b)  As used in this Agreement, "Collections" means the difference between (i)
     all principal and interest received by JMAC on Experience Pool Contracts
     less (ii) all accrued interest (whether or not received by JMAC) on
     Experience Pool Contracts.  Collections exclude late charges, returned
     check fees and other charges and fees that may be received on an Experience
     Pool Contract, including the reimbursement to JMAC of out-of-pocket
     collection costs, such as, but not limited to, attorneys fees and court
     costs.  For purposes of the calculations set forth in this Section, amounts
     received on Experience Pool Contracts will first be applied to late
     charges, returned check fees, and other charges and fees due with respect
     to Experience Pool Contracts, including the reimbursement to JMAC of out-
     of-pocket collection costs, such as, but not limited to, attorneys fees and
     court costs, and last to the principal and interest of the Experience Pool

(c)  Provider acknowledges and agrees that JMAC's obligations to make Experience
     Payments is solely an unsecured general corporate obligation of JMAC and
     that Experience Payments, while based upon collection experience, are not
     payable from Collections.

2.2 Enrollment and Annual Fees.  Concurrently with the execution of this
Agreement, Provider has paid to JMAC, and JMAC has received from Provider, a
non-refundable enrollment fee in the amount specified by JMAC prior to the
execution of this Agreement.  On each anniversary of the Effective Date of this
Agreement (as identified by JMAC on the signature page hereof), Provider will be
assessed a non-refundable annual fee in the amount specified by JMAC prior to
such anniversary in consideration of the benefits afforded to Provider by virtue
of this Agreement.  Such annual fee will be paid in the manner specified by

2.3 Experience Pool Contracts and General Experience Period Pool.

(a) "EXPERIENCE POOL Contracts" shall mean all retail installment sale contracts
    that finance health care services and that were purchased by JMAC from
    individuals or entities that are bound by an agreement specifying that such
    retail installment sale contracts shall be included in a General Experience
    Period Pool, regardless of when such retail installment sale contracts were
    purchased by JMAC and regardless as to whether such contracts were purchased
    from Provider or other individuals or entities.

(b) All Experience Pool Contracts sold to JMAC before JMAC's close of business
    on December 31, 1997 will be grouped in an initial general experience period
    Pool ("GENERAL EXPERIENCE PERIOD POOL").  At the close of business on the
    last day of each calendar year commencing with December 31, 1997, JMAC will
    establish a subsequent General Experience Period Pool for Experience Pool
    Contracts purchased, if any, during each such subsequent 12 month period.
    At such time, the previously established General Experience Period Pool will
    be closed and all subsequent Experience Pool Contracts will be included in
    the appropriate subsequent General Experience Period Pool.  Except as
    provided below in this Section, Experience Payments calculated under Section
    2.1 will be calculated with respect to each separate General Experience
    Period Pool.  Notwithstanding the establishment of separate General
    Experience Period Pools pursuant to this Section, if JMAC, in its sole
    discretion, determines that the Collections with respect to any General
    Experience Period Pool are likely to be less than the Pool Balance for such
    General Experience Period Pool, JMAC may add all or a portion of the Pool
    Balance for that General Experience Period Pool to the Pool Balance for any
    other General Experience Period Pool for purposes of calculating Experience
    Payments for such other General Experience Period Pool."


3.1 Certain Representations of Provider.  Provider hereby, and upon the
submission of each Contract for purchase by JMAC under this Agreement, makes the
following representations and warranties:

(a) Provider has the power, authority and legal right to originate and own such
    Contract, and is duly qualified to do business in the state in which such
    Contract was originated, and such Contract has not been originated in, and
    is not subject to the laws of, any jurisdiction in which the assignment of
    such Contract as contemplated under this Agreement would be unlawful, void
    or voidable.

(b) Provider has complied with all federal, state, and local laws and
    regulations applicable to it, the related Health Care Services, and/or the
    health care professional performing or assisting in the performance of the
    Health Care Services.  Provider's charges for the Health Care Services are
    usual, customary and reasonable for the type of services involved, the
    geographic area in which the Health Care Services are to be performed, and
    the expertise of the health care professional providing the Health Care

(c)  Such Contract fulfills all Contract Specifications and was fully and
    properly executed by the parties thereto.  There is only one executed
    original of such Contract and the Obligor was provided a copy of such
    executed original Contract at the time of execution of such Contract.  All
    representations and warranties contained in the assignment section of the
    Contract are true and correct as of the date of transfer to JMAC, and
    Provider is in compliance with the terms of this Agreement.

(d) Upon payment of the Purchase Price to Provider, JMAC will obtain good and
    indefeasible title to such Purchased Contract free and clear of any liens,
    claims or encumbrances thereon.

3.2 Indemnities.  Provider will defend, indemnify, and hold harmless JMAC from
and against any and all costs, expenses, losses, damages, claims, actions and
liabilities (including without limitation reasonable attorneys' fees and
expenses of litigation) arising out of or resulting from (a) any breach of any
of the representations, warranties, or covenants made by Provider in this
Agreement, (b) any and all taxes that may at any time be asserted against JMAC
with respect to the transactions contemplated in this Agreement (other than
taxes measured by the net income of JMAC or taxes or fees imposed upon JMAC's
registration, qualification or licensing), including without limitation any
sales, use, gross receipts, tangible or intangible personal property or ad
valorem taxes, and any costs and expenses in defending against same, or (c)
Provider's sale and/or provision of any Health Care Services or Provider's
origination of any Contract.  With respect to any matter subject to
indemnification under this Section, JMAC will promptly notify Provider in
writing of the matter and will allow Provider to fully direct the defense and
settlement thereof.

3.3 Insurance.  Provider will obtain and maintain throughout the term of this
Agreement and each Purchased Contract a professional malpractice liability
insurance policy adequately insuring and defending Provider against any and all
claims, actions, damages, liabilities, costs and expenses that may arise in
connection with Health Care Services provided by Provider.  Provider will
provide JMAC with certificates of insurance evidencing such policy within 30
days following JMAC's execution of this Agreement and thereafter as such policy
is renewed or replaced or as otherwise requested by JMAC.


4.1 Arbitration.  Any dispute, controversy or claim which in any way relates to
this Agreement, will, on the written demand of either party to the other party,
be determined and settled in Dallas, Texas by arbitration in accordance with the
Commercial Arbitration Rules of the American Arbitration Association; provided
that, each party will be entitled to seek temporary injunctive relief from any
court having jurisdiction regardless of whether or not arbitration proceedings
have been initiated under this Section, but the final resolution of any such
dispute, controversy or claim will be determined by arbitration in accordance
with this Section.  The arbitration will be before one neutral arbitrator to be
selected in accordance with the Commercial Arbitration Rules of the American

Arbitration Association.  Any award rendered by the arbitrator will be final and
conclusive upon the parties and any judgment thereon may be enforced in any
court having jurisdiction.

4.2 Termination.  Either JMAC or Provider may terminate this Agreement upon 30
days prior written notice to the other, or JMAC may terminate this Agreement,
upon the occurrence of an Event of Default (as defined in Section 4.3),
immediately upon the giving of notice of termination to Provider.

4.3 Event of Default.  Each of the following constitutes an "EVENT OF DEFAULT"
under this Agreement: (a) the breach by Provider of any of its obligations or
covenants under this Agreement, which breach continues unremedied for a period
of ten days after JMAC provides written notice thereof to Provider; (b) the
breach by Provider of any representation or warranty set forth in this
Agreement; or (c) the misrepresentation by Provider of any information (written
or oral) or circumstances relating to any Contract submitted to JMAC, any
Obligor or any Health Care Services.

4.4 Effect of Termination.  If this Agreement is terminated in accordance with
Section 4.2, then, except as provided in Section 4.5, JMAC will pay Provider any
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Experience Payments as they become due pursuant to Section 2.1 with respect to
Purchased Contracts existing on the effective date of such termination and the
provisions of Section 1.4, 1.5, 2.1 and 2.3, Article 3, Section 4.1, 4.3, 4.4,
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4.5 and 4.6 and Article 5 will survive the termination of this Agreement.
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4.5 JMAC's Remedies.  If JMAC determines that an Event of Default, as defined in
Section 4.3, has occurred or if any claim or action is made or brought against
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JMAC that arises out of or relates to Provider's sale and/or provision of Health
Care Services or Provider's origination of any Contract, then Provider will:

(a) repurchase from JMAC the Purchased Contract(s) that is(are) the subject of
    or affected by such Event of Default or claim or action for an amount equal
    to the lesser of (i) the Purchase Price amount(s) paid for such Purchased
    Contract(s), or (ii) the sum of all amounts remaining to be paid on such
    Purchased Contract(s); or

(b) upon the demand of JMAC, which may be made in JMAC's sole discretion,
    repurchase all of the Purchased Contracts for an amount equal to the lesser
    of (i) the aggregate total Purchase Price amounts paid by JMAC for all of
    the Purchased Contracts, or (ii) the aggregate total sum of all amounts
    remaining to be paid on all the Purchased Contracts.

Provider will pay all reasonable costs associated with the transfer of Purchased
Contracts pursuant to this Section. Amounts payable by Provider to JMAC under
this Section will be due and payable within 30 days following Provider's receipt
of JMAC's demand therefor.  If Provider fails to repurchase any Purchased
Contract pursuant to this Section, then all rights of Provider to Experience
Payments will terminate, and the provisions of Section 2.1 will not survive the
termination of this Agreement.

4.6 Limitation of Liability. Neither JMAC nor any of its officers, directors,
employees, agents, nominees, attorneys-in-fact or affiliates (the "LIABLE
ENTITIES") will be liable for any action lawfully taken or omitted to be taken
by any of the Liable Entities under or in connection with this Agreement (except
for its own gross negligence or willful misconduct).  In no event will the
aggregate amount of damages recoverable against the Liable Entities include any
amounts for indirect, incidental, consequential, or punitive damages or lost
profits of any party, including third parties.  Each party must initiate any
claim or cause of action arising out of this Agreement within two years of the
accrual of the claim or cause of action.


5.1   Notices.  Wherever under this Agreement one party is required or permitted
to give notices to the other, such notice shall be deemed received (a) when
personally delivered in hand or by overnight mail or courier service providing
evidence of delivery, or (b) three days after being sent via United States
certified mail, return receipt

requested, to the address specified on the first page of this Agreement. Either
party may from time-to-time change its notification address by giving the other
party prior written notice of the new address and the effective date thereof.

5.2 Delegation of Duties and Assignment.  JMAC may execute any of its duties
under this Agreement by or through agents, assignees, nominees or attorneys-in-
fact.  This Agreement will be binding on the parties and their respective
permitted successors and assigns.  Provider may not assign any of its rights or
obligations under this Agreement without the written consent of JMAC; provided,
however, that JMAC will not unreasonably withhold consent to any assignment by
Provider of its rights to receive Purchase Price payments or Experience
Payments. JMAC may assign its rights under this Agreement, and may sell or
pledge Purchased Contracts and payments thereon, and any assignee or pledgee
will not, unless otherwise agreed to between JMAC and such assignee or pledgee,
assume any of JMAC's obligations under this Agreement.

5.3 Governing Law; Venue.  This Agreement shall be governed by and construed in
accordance with the laws of the State of Texas.  Provider hereby irrevocably
submits to the jurisdiction of the state and federal courts of the State of
Texas and agrees and consents that service of process may be made upon it in any
legal proceeding relating to this Agreement by any means allowed under Texas or
federal law.

5.4 Relationship of Parties.  Notwithstanding any provision to the contrary
elsewhere in this Agreement, (a) JMAC is acting independently of Provider and
shall have no duties or responsibilities to Provider, except those expressly set
forth in this Agreement, (b)JMAC and Provider do not, by virtue of this
Agreement or otherwise, have any fiduciary relationship or joint venture or
partnership arrangement, and (c) no implied covenants, duties, obligations, or
liabilities shall be read into this Agreement or otherwise exist between JMAC
and Provider.

5.5 Litigation Costs.  If a dispute arises between the parties with respect to
the subject matter of this Agreement, except as otherwise expressly provided in
this Agreement, the prevailing party in litigation or other dispute resolution
proceeding will be entitled to reimbursement from the nonprevailing party of its
reasonable attorneys' fees, court costs, and expenses arising out of such

5.6 Headings and Severability of Provisions.  The headings contained in this
Agreement are for convenience of reference only and shall not control or affect
the meaning or construction of any provisions hereof.  If any one or more of the
provisions of this Agreement shall be for any reason whatsoever held invalid or
unenforceable, then such provisions shall be deemed severable from the remaining
provisions of this Agreement.

5.7 Setoff.  JMAC may, at any time, at its sole option, set off and apply
against any amounts due by it to Provider either under this Agreement or
otherwise, any amounts due to JMAC by Provider.

5.8 Rights Cumulative.  Except for the provisions of Section 4.1 regarding
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arbitration, all rights and remedies set forth in this Agreement shall be
cumulative and in addition to and not in lieu of any other rights and remedies
available to either party at law, in equity, or otherwise, and may be enforced
concurrently or from time-to-time. No delay or omission in insisting upon the
strict observance or performance of any provision of this Agreement or in
exercising any right or remedy, shall be construed as a waiver or relinquishment
of such provision, nor shall it impair such right or remedy.

5.9 Complete Agreement and Counterparts.  This Agreement contains the complete
agreement of the parties hereto, and supersedes any and all prior agreements
(whether written or oral) and prior courses of dealing.  This Agreement may be
amended from time-to-time in writing by JMAC and Provider or by written notice
from JMAC to Provider.  Any such amendment by written notice from JMAC will be
effective only if Provider submits a Contract for purchase after the date of
such notice.  Should any provision of this Agreement be in conflict with any
provision of any Purchased Contract, the provision set forth in this Agreement
shall govern as between JMAC and Provider.  This Agreement may be executed in
any number of counterparts, either by facsimile or original signature, each of
which shall be fully effective as an original.

IN WITNESS WHEREOF, JMAC and Provider each have caused this Agreement to be
signed and delivered by its duly authorized representative to be effective as of
the date set forth below the signature of JMAC when executed by both parties.


By:____________________________________    By:__________________________________
    Douglas B. Theodore, President
                                           Name (print):________________________

Effective Date:________________________    Title:-______________________________
       (to be completed by JMAC) 

Basic Info X:

Type: Health Care Provider Agreement
Date: March 31, 1998
State: Texas

Other info:


  • last business day of the quarter
  • December 31 , 1997


  • Federal Trade Commission
  • Cancellation of Health Care Services
  • Contract Forms and Services
  • General Experience Period Pools
  • the Health Care Services
  • Commercial Arbitration Rules of the American Arbitration Association
  • American < PAGE > Arbitration Association
  • Limitation of Liability
  • Delegation of Duties and Assignment
  • Severability of Provisions


  • Dallas
  • United States
  • Texas


  • Douglas B. Theodore


  • 20 %