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                          	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): March 26, 1997
                                                   ----------------
  
  
                            Dynatronics Corporation
  ------------------------------------------------------------------------
         	(Exact name of registrant as specified in its charter)
  
  
  
                                    	Utah 
  ------------------------------------------------------------------------
      	(State or other jurisdiction of incorporation or organization)
  
  
           0-12697                                87-0398434
  ---------------------------    -----------------------------------------
    (Commission file number)        (I.R.S. Employer Identification No.)
  
  
   
      7030 Park Centre Drive 
      Salt Lake City, Utah                                  84121
   ------------------------------------------------------------------------
      (Address of principal executive offices)            (Zip Code)
  
  
  Registrant's telephone number, including area code: (801) 568-7000
  
  
  
                                 Not Applicable
  ------------------------------------------------------------------------     
      (Former name or former address, if changed since last report)
  
                                                      
  <PAGE>
  Item 2.    Acquisition or Disposition of Assets.
  
  On March 26, 1997, Dynatronics Corporation ("Dynatronics" or the 
  "Company") closed on the sale of approximately two acres of undeveloped 
  real estate located adjacent to the Company's headquarters building in 
  Salt Lake City, Utah (the "Utah Property").  A copy of the Company's 
  press release announcing the transaction and dated March 31, 1997, is 
  attached to this Report.  The purchaser of the Utah Property is 
  Candlewood Ft. Union, UT, L.L.C., a Delaware limited liability company 
  that is an affiliate of Candlewood Hotels, Inc., Wichita, Kansas.  The 
  purchase price for the Utah Property is $1,000,000 cash, which sum was 
  paid in full at closing of the transaction. The purchaser is not 
  affiliated with the Company or any of its directors or officers or any 
  associate of any officer or director of the Company.
  
  The transaction was structured as a three-party, like-kind 
  exchange, allowing the Company to pursue the acquisition of 
  approximately 3.5 acres of land and two buildings in Chattanooga, 
  Tennessee (the "Tennessee Property")as part of the same transaction.  
  Terms of the acquisition of the Tennessee Property are not final and 
  negotiations are on-going.  The purchase price for the Tennessee 
  Property is expected to be no greater than $575,000.  Presently the 
  Company leases the two buildings totaling approximately 23,000 square 
  feet located on the Tennessee Property.  These buildings house the 
  Company's medical supplies and soft goods business, acquired one year 
  ago from Superior Orthopaedics Supplies, Inc. ("Superior").  If the 
  purchase is consummated, the Company intends to construct additional 
  facilities on approximately 2 acres of undeveloped land included in the 
  Tennessee Property.  The owner and seller of the Tennessee Property is 
  H&K Holdings, a Tennessee partnership, controlled by Allen and Tom 
  Hughes (collectively, "Hughes").  Hughes and their family are the former 
  owners of Superior and Hughes are the principal managers of the 
  Company's Tennessee-based operations.  Collectively, Hughes own 
  approximately 53% of H&K Holdings and each of them is the beneficial 
  owner of approximately 2% of the Company's issued and outstanding common 
  stock, all of which was acquired in the transaction by which the Company 
  acquired Superior.  While the provisions of a like kind exchange 
  (Section 1031 of the Internal Revenue Code, as amended) allow for up to 
  180 days to close the purchase of the Tennessee Property, the Company 
  expects to close the purchase within 45 days. Funds for the purchase of 
  the Tennessee Property would come from the sale of the Utah Property, as 
  described above.
  
  Assuming the transaction, including the acquisition of the 
  Tennessee Property, can be structured as intended by the Company as 
  described above, the Company will receive net cash proceeds of 
  approximately $25,000, after paying $100,000 in taxes on the 
  transaction, and will be the owner of the Tennessee Property.  The 
  Company will have used approximately $239,000 to reduce its indebtedness 
  on its Salt Lake County facility and the Company would book 
  approximately $150,000 in income or approximately $.02 per share in 
  earnings as a result of the completed transaction.
  
  
                                    1. 
  <PAGE>
  
  
  
                                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.
  
  
                                        Dynatronics Corporation
  
  
                       By:          /s/ Kelvyn H. Cullimore, Jr.
                                    --------------------------------------
                                        Kelvyn H. Cullimore, Jr.
                                        President
                                        (Principal Executive Officer)
  
  Date: April 9, 1997
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
                                         3
  
  
  <PAGE>
  Attachment: Press Release of 3/31/97:
  
  NEWS RELEASE
  
  For Immediate Release
  
  Contact:	Bob Cardon, Dynatronics Corporate Secretary
  	800-874-6251, or 801-568-7000
  
  
  	Dynatronics Reports $1 Million Land Sale to Candlewood Hotels
  
  Salt Lake City, Utah (March 31, 1997) - Dynatronics Corporation 
  (NASDAQ: DYNT) today announced the sale of over two acres of undeveloped 
  land adjacent to its Salt Lake County facility to Candlewood Hotels, 
  Inc.  The Wichita, Kansas-based hotelier has targeted the property for 
  the construction of an extended-stay hotel that will cater to the 
  business traveler.  The property's sale price was $1 million.
  Dynatronics plans to use a portion of the sale proceeds to effect 
  a tax-free exchange for a 22,500 sq. ft. building near Chattanooga, 
  Tennessee, which Dynatronics currently leases, plus approximately two 
  acres of adjacent land.  Dynatronics anticipates saving over $50,000 
  annually by eliminating the lease payments, and plans to construct 
  manufacturing facilities on the adjacent two acres for its expanding 
  line of medical supplies and soft goods. 
  
  "We're very pleased with this transaction with Candlewood Hotels," 
  stated Dynatronics' President Kelvyn H. Cullimore Jr., "and we look 
  forward to having them as neighbors.  
  
  "We originally purchased the extra acreage adjacent to our Salt 
  Lake County facility for future expansion," explained Cullimore.  "But 
  the land has appreciated so much since we bought it that it's now 
  impractical to use it for manufacturing.  Plus, with Dynatronics' 
  expansion in Tennessee and South Carolina this past year, the land sale 
  and accompanying tax-free exchange set the stage for our expansion in 
  Tennessee, where we now have our most pressing demand for space."
  Dynatronics anticipates reporting an extra $.02 per-share earnings 
  as a result of the sale of the property.
  
  Dynatronics is a leading domestic manufacturer and marketer of 
  advanced technology medical devices, orthopedic soft goods and supplies, 
  therapy tables, and rehabilitation equipment for the physical medicine 
  market.
  
                                   	# # #
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 7770}]
metadata_filer: {"company-data": {"conformed-name": "DYNATRONICS CORP", "cik": "0000720875", "assigned-sic": "3845", "irs-number": "870398434", "state-of-incorporation": "UT", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12697", "film-number": "97577800"}, "business-address": {"street1": "7030 PARK CENTRE DRIVE", "street2": "BLDG D", "city": "SALT LAKE CITY", "state": "UT", "zip": "84121", "phone": "8014854739"}, "mail-address": {"street1": "7030 PARK CENTER DR", "city": "SALT LAKE CITY", "state": "UT", "zip": "84121"}, "former-company": {"former-conformed-name": "DYNATRONICS LASER CORP", "date-changed": "19920703"}}
text: 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): March 26, 1997
                                                   ----------------
  
                            Dynatronics Corporation
  ------------------------------------------------------------------------
         	(Exact name of registrant as specified in its charter)
  
                                    	Utah 
  ------------------------------------------------------------------------
      	(State or other jurisdiction of incorporation or organization)
  
           0-12697                                87-0398434
  ---------------------------    -----------------------------------------
    (Commission file number)        (I.R.S. Employer Identification No.)
  
   
      7030 Park Centre Drive 
      Salt Lake City, Utah                                  84121
   ------------------------------------------------------------------------
      (Address of principal executive offices)            (Zip Code)
  
  Registrant's telephone number, including area code: (801) 568-7000
  
                                 Not Applicable
  ------------------------------------------------------------------------     
      (Former name or former address, if changed since last report)
  Item 2.    Acquisition or Disposition of Assets.
  
  On March 26, 1997, Dynatronics Corporation ("Dynatronics" or the 
  "Company") closed on the sale of approximately two acres of undeveloped 
  real estate located adjacent to the Company's headquarters building in 
  Salt Lake City, Utah (the "Utah Property").  A copy of the Company's 
  press release announcing the transaction and dated March 31, 1997, is 
  attached to this Report.  The purchaser of the Utah Property is 
  Candlewood Ft. Union, UT, L.L.C., a Delaware limited liability company 
  that is an affiliate of Candlewood Hotels, Inc., Wichita, Kansas.  The 
  purchase price for the Utah Property is $1,000,000 cash, which sum was 
  paid in full at closing of the transaction. The purchaser is not 
  affiliated with the Company or any of its directors or officers or any 
  associate of any officer or director of the Company.
  
  The transaction was structured as a three-party, like-kind 
  exchange, allowing the Company to pursue the acquisition of 
  approximately 3.5 acres of land and two buildings in Chattanooga, 
  Tennessee (the "Tennessee Property")as part of the same transaction.  
  Terms of the acquisition of the Tennessee Property are not final and 
  negotiations are on-going.  The purchase price for the Tennessee 
  Property is expected to be no greater than $575,000.  Presently the 
  Company leases the two buildings totaling approximately 23,000 square 
  feet located on the Tennessee Property.  These buildings house the 
  Company's medical supplies and soft goods business, acquired one year 
  ago from Superior Orthopaedics Supplies, Inc. ("Superior").  If the 
  purchase is consummated, the Company intends to construct additional 
  facilities on approximately 2 acres of undeveloped land included in the 
  Tennessee Property.  The owner and seller of the Tennessee Property is 
  H&K Holdings, a Tennessee partnership, controlled by Allen and Tom 
  Hughes (collectively, "Hughes").  Hughes and their family are the former 
  owners of Superior and Hughes are the principal managers of the 
  Company's Tennessee-based operations.  Collectively, Hughes own 
  approximately 53% of H&K Holdings and each of them is the beneficial 
  owner of approximately 2% of the Company's issued and outstanding common 
  stock, all of which was acquired in the transaction by which the Company 
  acquired Superior.  While the provisions of a like kind exchange 
  (Section 1031 of the Internal Revenue Code, as amended) allow for up to 
  180 days to close the purchase of the Tennessee Property, the Company 
  expects to close the purchase within 45 days. Funds for the purchase of 
  the Tennessee Property would come from the sale of the Utah Property, as 
  described above.
  
  Assuming the transaction, including the acquisition of the 
  Tennessee Property, can be structured as intended by the Company as 
  described above, the Company will receive net cash proceeds of 
  approximately $25,000, after paying $100,000 in taxes on the 
  transaction, and will be the owner of the Tennessee Property.  The 
  Company will have used approximately $239,000 to reduce its indebtedness 
  on its Salt Lake County facility and the Company would book 
  approximately $150,000 in income or approximately $.02 per share in 
  earnings as a result of the completed transaction.
  
                                    1.
  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.
  
                                        Dynatronics Corporation
  
                       By:          /s/ Kelvyn H. Cullimore, Jr.
                                    --------------------------------------
                                        Kelvyn H. Cullimore, Jr.
                                        President
                                        (Principal Executive Officer)
  
  Date: April 9, 1997
  
                                         3
  Attachment: Press Release of 3/31/97:
  
  NEWS RELEASE
  
  For Immediate Release
  
  Contact:	Bob Cardon, Dynatronics Corporate Secretary
  	800-874-6251, or 801-568-7000
  
  	Dynatronics Reports $1 Million Land Sale to Candlewood Hotels
  
  Salt Lake City, Utah (March 31, 1997) - Dynatronics Corporation 
  (NASDAQ: DYNT) today announced the sale of over two acres of undeveloped 
  land adjacent to its Salt Lake County facility to Candlewood Hotels, 
  Inc.  The Wichita, Kansas-based hotelier has targeted the property for 
  the construction of an extended-stay hotel that will cater to the 
  business traveler.  The property's sale price was $1 million.
  Dynatronics plans to use a portion of the sale proceeds to effect 
  a tax-free exchange for a 22,500 sq. ft. building near Chattanooga, 
  Tennessee, which Dynatronics currently leases, plus approximately two 
  acres of adjacent land.  Dynatronics anticipates saving over $50,000 
  annually by eliminating the lease payments, and plans to construct 
  manufacturing facilities on the adjacent two acres for its expanding 
  line of medical supplies and soft goods. 
  
  "We're very pleased with this transaction with Candlewood Hotels," 
  stated Dynatronics' President Kelvyn H. Cullimore Jr., "and we look 
  forward to having them as neighbors.  
  
  "We originally purchased the extra acreage adjacent to our Salt 
  Lake County facility for future expansion," explained Cullimore.  "But 
  the land has appreciated so much since we bought it that it's now 
  impractical to use it for manufacturing.  Plus, with Dynatronics' 
  expansion in Tennessee and South Carolina this past year, the land sale 
  and accompanying tax-free exchange set the stage for our expansion in 
  Tennessee, where we now have our most pressing demand for space."
  Dynatronics anticipates reporting an extra $.02 per-share earnings 
  as a result of the sale of the property.
  
  Dynatronics is a leading domestic manufacturer and marketer of 
  advanced technology medical devices, orthopedic soft goods and supplies, 
  therapy tables, and rehabilitation equipment for the physical medicine 
  market.
  
                                   	# # #