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AMERIHEALTH, INC. REPORTS FIRST QUARTER RESULTS

 AMERIHEALTH, INC. REPORTS FIRST QUARTER RESULTS
 ATLANTA, April 22 /PRNewswire/ -- AmeriHealth, Inc. (AMEX: AHH), the


Richmond-based hospital management company, today reported net income of $1,009,000 on total revenues of $11,765,000 for the first quarter ended March 31, 1992 compared to a net loss of $(118,000) on total revenues of $9,379,000 for the comparable quarter in 1991. Operating results for the first quarter of 1992 include a benefit of $364,000 from the reduction of income taxes arising from the carryforward of operating losses.
 On a per share basis, after deducting the accrual of dividend and accretion requirements for holders of the Company's Series B Preferred Stock, the Company reported net income of $.14 per common share for the first quarter of 1992 compared to a net loss of $(.10) per common share for the first quarter of 1991. After giving effect to the full dilution with respect to the Company's Series B Preferred Stock, the Company reported net income of $.05 per share for the first quarter of 1992.
 William G. White, Chairman and CEO of AmeriHealth, commenting on the first quarter financial results, said: "Our operating performance in the first quarter represented a very pleasing improvement over the comparable quarter in the prior year and showed substantial improvement in profitability over the preceding quarter and over 1991 as a whole; a year in which we reported an aggregate profit of $757,000. All segments of our operations contributed to this significant accomplishment and we are enthusiastic about the prospects for continuing satisfactory operating performance throughout the year. Overall, we continue to experience improvement in operations and to show considerable strengthening of our management teams."
 Founded in 1983, AmeriHealth, Inc. now owns, manages or provides consulting services to thirteen hospitals and other health care facilities in Alabama, Florida, Georgia, Pennsylvania, Texas and Virginia.
 AMERIHEALTH, INC. SELECTED FINANCIAL DATA
 FOR THE QUARTER ENDED MARCH 31, 1992
 (In thousands, except per share data)
 Three Months Ended
 March 31,
 1992 1991
 Operating revenues $11,765 $9,379
 Income (loss) before extra-
 ordinary item 645 (118)
 Extraordinary item - Income tax
 benefit arising from carryforward
 of operating losses 364 --
 Net income (loss) $ 1,009 $ (118)
 Net income (loss) per common share:
 Net income (loss) $ 1,009 $ (118)
 Series B Preferred Stock dividends
 accrued (196) (213)
 Accretion of Series B Preferred
 Stock redemption requirement (19) (46)
 Net income (loss) applicable to
 Common Stock $ 794 $ (377)
 Earnings (loss) per common share:
 Income (loss) before extra-
 ordinary item $ .08 $ (.10)
 Extraordinary item .06 --
 Net income (loss) $ .14 $ (.10)
 Earnings per common share assuming
 full dilution:
 Income before extraordinary item $ .03 $ --
 Extraordinary item .02 --
 Net income assuming full dilution $ .05 $ --
 -0- 4/22/92
 /CONTACT: Kenneth D. Hawkins, AmeriHealth, Inc., 804-643-1422/
 (AHH) CO: AmeriHealth, Inc. ST: Virginia IN: HEA SU: ERN


CM-JZ -- CH001 -- 1267 04/22/92 12:14 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
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