PATIENT &lt;PTI> CONSIDERING DEBT RESTRUCTURING
  Patient Technology Inc said it
  retained an investment banking firm to consider alternatives in
  restructuring its long-term debt, including a possible exchange
  offer for 20 mln dlrs of outstanding convertible debentures.
      On April one, it began consolidating sales, marketing and
  manufacturing operations. The consolidation is expected to be
  complete by June one and the company said it is now focusing on
  restructuring its balance sheet. 
       The company said the first quarter will be adversely
  affected by the consolidation effort.
      For the year ago first quarter, the company reported a
  profit of 100,000 dlrs on 7.3 mln dlrs.
      The company further said that the second quarter will be 
  transitional period and that earnings growth will resume in the
  second half of 1987.
      For the year ended December 31, 1986, Patient reported a
  net loss of 1.4 mln dlrs on sales of 29.8 mln dlrs, due to
  write-offs from discontinued operations and a temporary backlog
  of orders.
  

