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AMERIHEALTH INC. REPORTS SECOND QUARTER RESULTS

 ATLANTA, July 27 /PRNewswire/ -- AmeriHealth, Inc. (AMEX: AHH), the Atlanta-based hospital management company, today reported net income of $14,000 on total operating revenues of $10,754,000 for the second quarter ended June 30 compared to net income of $579,000 on total operating revenues of $11,451,000 for the comparable quarter in 1992.
 The decline in net income for the quarter ended June 30 was primarily due to lower patient census at the company's hospital facilities, the settlement of a lawsuit at one of the company's subsidiaries, and start-up costs associated with the company's home infusion subsidiary. Operating results for the 1992 quarter included an extraordinary credit for income tax benefits of $159,000 arising from the carryforward of operating losses.
 On a per-share basis, after deducting dividend requirements for holders of the company's Series B Preferred Stock, the company reported a loss of $.01 per common share for the second quarter of 1993 compared to income of $.05 per common share for the second quarter of 1992. After giving effect to full dilution with respect to the company's Series B Preferred Stock, the company reported income of $.03 per share for the second quarter of 1992.
 For the first six months of 1993, the company reported net income of $1,862,000 on total operating revenues of $23,034,000 compared to net income of $1,588,000 on total operating revenues of $23,216,000 for the comparable period in 1992. Operating results for the first six months of 1993 included a benefit of $1,298,000, or $.10 per share, from the cumulative effect of a change in accounting for income taxes. On a per share basis, after deducting dividend and accretion requirements for holders of the company's Series B Preferred Stock, the company reported income of $.13 per common share for the first six months of 1993 compared to income of $.17 per common share for the first six months of 1992. Assuming full dilution, the company reported income of $.10 per share for the six months ended June 30 compared to income of $.08 per share for the comparable period a year earlier.
 William G. White, chairman and CEO of AmeriHealth, commenting on the second quarter financial results, said: "We are disappointed with the second quarter results; however, we have taken certain steps to address the costs that adversely affected our profit trend. We continue to seek the refinancing of our current indebtedness and to identify key project initiatives in our businesses to enhance our future earnings momentum. We are hopeful that in the balance of the year we will realize more satisfactory performance."
 Founded in 1983, AmeriHealth, Inc. now owns, manages and/or provides management consulting services to eight hospitals and other health care facilities in Alabama, Florida, Georgia, Pennsylvania, Texas and Virginia.
 AMERIHEALTH, INC. SELECTED FINANCIAL DATA
 FOR THE QUARTER AND SIX MONTHS ENDED JUNE 30, 1993
 (In thousands, except per share data)
 3 mos. ended June 30 1993 1992
 Total operating revenues $10,754 $11,451
 Income before cumulative effect of a change
 in accounting for income taxes and
 extraordinary credit 14 420
 Cumulative effect of a change in accounting
 for income taxes --- ---
 Extraordinary credit - income tax benefit
 arising from carryforward of operating
 losses --- 159
 Net income $ 14 $ 579
 Net income $ 14 $ 579
 Series B Preferred Stock dividend
 requirement (89) (107)
 Accretion of Series B Preferred Stock
 redemption requirement --- ---
 Net (loss) income applic. to common stock $ (75) $ 472
 (Loss) income per common share:
 (Loss) income before cumulative effect and
 extraordinary credit $ (.01) $ .03
 Cumulative effect of a change in accounting
 for income taxes --- ---
 Extraordinary credit --- .02
 (Loss) income per share $ (.01) $ .05
 Income per common share assuming full dilution (a):
 Income before cumulative effect and
 extraordinary credit $ .02
 Cumulative effect of a change in accounting
 for income taxes ---
 Extraordinary credit .01
 Income per share assuming full dilution $ .03
 (a) Fully diluted income per share information was not presented for the quarter ended June 30 due to the antidilutive effect of such calculation.
 6 mos. ended June 30 1993 1992
 Total operating revenues $23,034 $23,216
 Income before cumulative effect of a change
 in accounting for income taxes and
 extraordinary credit 564 1,065
 Cumulative effect of a change in accounting
 for income taxes 1,298 ---
 Extraordinary credit - income tax benefit
 arising from carryforward of operating
 losses --- 523
 Net income $ 1,862 $ 1,588
 Net income $ 1,862 $ 1,588
 Series B Preferred Stock dividend
 requirement (177) (303)
 Accretion of Series B Preferred Stock
 redemption requirement --- (21)
 Net (loss) income applic. to common stock $ 1,685 $ 1,264
 (Loss) income per common share:
 (Loss) income before cumulative effect and
 extraordinary credit $ .03 $ .10
 Cumulative effect of a change in accounting
 for income taxes .10 ---
 Extraordinary credit --- .07
 (Loss) income per share $ .13 $ .17
 Income per common share assuming full dilution (a):
 Income before cumulative effect and
 extraordinary credit $ .03 $ .05
 Cumulative effect of a change in accounting
 for income taxes .07 ---
 Extraordinary credit --- .03
 Income per share assuming full dilution $ .10 $ .08
 (a) Fully diluted income per share information was not presented for the quarter ended June 30 due to the antidilutive effect of such calculation.
 -0- 7/27/93
 /CONTACT: William G. White or Kenneth D. Hawkins of AmeriHealth, 404-953-9600/
 (AHH)


CO: AmeriHealth, Inc. ST: Georgia IN: HEA SU: ERN

BN-BR -- AT010 -- 6452 07/27/93 17:09 EDT
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Date:Jul 27, 1993
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