PATIENT <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.