UNITED STATES 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) April 4, 2006 (April 3, 2006) _______________ DIALYSIS CORPORATION OF AMERICA (Exact name of registrant as specified in its charter) Florida 0-8527 59-1757642 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1302 Concourse Drive, Suite 204, Linthicum, MD 21090 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 694-0500 ________________ 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: [ ] 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)) Item 8.01 Other Events The Company entered into a promissory note for $633,695 with American Banking Company dba Ameris dated April 3, 2006. The Note is due on April 3, 2011, and carries a variable rate per annum interest of prime, currently at 7.75%, which interest rate changes with changes in the prime rate. The financing is payable $6,000 per month over the next five years with a balloon payment due at maturity. The Note provides for prepayment with a minimal prepayment charge, and is secured by property the Company owns in Valdosta, Georgia. The Note renews the original financing with Ameris, formerly Heritage Community Bank, dated April 3, 2001, in the initial amount of $787,500. The Note contains customary default provisions for a loan of this nature, and provides that, upon occurrence of a default, the amounts payable under the Note may be accelerated. The description provided above summarizes the loan and Note, a copy of which is attached as an exhibit to this Current Report on Form 8-K. Item 9.01 Financial Statements and Exhibits (d) Exhibits (99) Additional Exhibits 99.1 Promissory Note by the Company to American Banking Company dated April 3, 2006 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 hereunto duly authorized. DIALYSIS CORPORATION OF AMERICA /s/ Daniel R. Ouzts By--------------------------------- DANIEL R. OUZTS Vice President, Finance, Chief Financial Officer, Chief Accounting Officer and Treasurer Dated: April 4, 2006 EXHIBIT INDEX 99.1 Promissory Note by the Company to American Banking Company dated April 3, 2006