American HomePatient Names Joseph F. Furlong as New President and CEO.

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Nov. 6, 1998--American HomePatient, Inc. (Nasdaq: AHOM) today announced that effective immediately Joseph F. Furlong, a member of the board of directors since 1994, will assume the position of president and chief executive officer for the company. The company was unable to reach agreement with Malcolm MacKenzie, former president and chief executive officer, on the terms of an employment agreement.

"Joe, through his tenure with the board and as a financial advisor to the company prior to that, has extensive knowledge of the company," said Morris Perlis, chairman of American HomePatient. "With Joe's experience with the financial and capital markets, he brings a valuable additional perspective to the company's management team. He is a strong supporter of the strategic direction the company has taken, wholeheartedly endorses the programs underway, and is eager to assist in strengthening the company's shareholder value. The company also appreciates the efforts of Malcolm MacKenzie over the past several months and wish him well in the future."

Furlong has been the president of Adirondack Capital Advisors, a financial advisory firm since 1996. Prior to that he has held partnership positions with Colman Furlong & Co., a merchant banking firm, Roberston Stephens, an investment banking company, and McKinsey & Company, an international management consulting firm. Since 1984, Furlong's experience and business activities have been largely focused in the area of healthcare.

American HomePatient has over 330 home health care centers in 38 states. Its current product and service offerings include respiratory services, infusion therapy, parenteral and enteral nutrition and medical equipment for patients in the home. American HomePatient's common stock is traded on the Nasdaq stock market under the symbol AHOM.