<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF SUMMIT MEDICAL SYSTEMS, INC. DATED DECEMBER
31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<RESTATED> 
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                       9,386,069
<SECURITIES>                                35,243,624
<RECEIVABLES>                                  822,649
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            45,471,303
<PP&E>                                       2,655,305
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              49,847,282
<CURRENT-LIABILITIES>                        3,764,082
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       103,438
<OTHER-SE>                                  45,979,762
<TOTAL-LIABILITY-AND-EQUITY>                49,847,282
<SALES>                                      3,671,133
<TOTAL-REVENUES>                             3,671,133
<CGS>                                        2,099,945
<TOTAL-COSTS>                                2,390,304
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              1,068,812
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          1,068,812
<DISCONTINUED>                            (13,904,944)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                              (12,836,132)
<EPS-PRIMARY>                                   (1.37)
<EPS-DILUTED>                                   (1.28)