SECURITIES AND EXCHANGE COMMISSION
                                      
                           Washington, D.C. 20549
                                      
                                  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) November 13, 1998
                                      
                             Jayark Corporation
                                      
           (Exact name of registrant as specified in its charter)

 Delaware                          0-3255                        13-1864519
(State of incorporation)      (Commission File #)                (IRS EIN)



                                      
             Post Office Box 741528, Houston, Texas       77274
           (Address of principal executive offices)     (Zip Code)
                                      
                                      
      Registrant's telephone number, including are code:  713-783-9184
                                      
                                      
                                     N/A
                                      
       (Former name or former address, if changed since last report.)
                                      


Item 5.   Other Events


On November 13, 1998 Jayark Corporation, through a newly formed, wholly owned
subsidiary,  MED  Services Corp. ("Med"), terminated its Purchase  and  Sale,
Distribution,   and   Custody  Agreements  with  Vivax  Medical   Corporation
("Vivax"),  a  company  that manufactures, sells and  rents  durable  medical
equipment  to hospitals, nursing homes and individuals.  Under the  terms  of
the  Purchase and Sale Agreement, dated June 17, 1998, Med purchased  certain
medical  equipment  from Vivax for cash of $579,700 and a $144,925  unsecured
promissory  note  due  in five years.  Med then entered  into  a  Consignment
Agreement with Vivax whereby this medical equipment was consigned to Vivax to
rent through its distribution network.  In consideration of Vivax renting and
maintaining  the Med equipment, Vivax was entitled to a range of  forty-eight
to  sixty-seven  percent  of the rental proceeds, based  upon  the  equipment
rented.  Vivax had an option to purchase the medical equipment from Med after
the  twenty-fourth,  thirty-six and forty-eighth  month  of  the  consignment
period.   Med,  under the Purchase and Sale Agreement had an option,  through
October  31,  1999 to purchase an additional $2,475,000 of medical  equipment
from Vivax.

In  consideration for terminating the Agreements, MED received $840,000  from
Vivax.  MED, in turn, paid off the $450,000 outstanding on its revolving line
of credit to the bank and outstanding interest due on the line.


                                 SIGNATURES
                                      
     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


JAYARK CORPORATION

Registrant

By:  /s/David L. Koffman                           Dated: November 19, 1998
     David L. Koffman
     President, Chief Executive Officer