Brentwood, Tenn. Struggling provider American HomePatient reported significant losses in the second quarter, but its president said a turnaround is on schedule.

The net loss for the quarter ended June 30 was $4.8 million, or 32 cents a share, compared with a profit of $3.9 million, or 26 cents a share a year ago. For six months, the net loss was $10.4 million, or 69 cents a share, compared with a profit of $6.9 million, or 46 cents a share a year earlier. Officials said the results were "adversely affected by businesses exited in 1998."

But president and chief executive officer Joseph Furlong said he is pleased with the reduction in expenses and accounts receivables, and highlighted the six-month earnings of $24.2 million before interest, taxes, depreciation and amortization. He added, "We are actively pursuing two objectives to spur growth: re-establishing the company as a diversified provider and renewing the company's efforts in managed care." -K.G.