Six months after Allegheny Health Services unveiled a new affiliation with Philadelphia's struggling United Hospital System, the company is ready to predict a turnaround: After a string of losses, Allegheny expects United to see a $5 million profit for fiscal 1992.

Allegheny has scheduled an investors' meeting Aug. 14 in Philadelphia to offer more details on the status of United. But David W. McConnell, executive vice president and chief financial officer at Allegheny, last week said the revitalization and projected profits are the result of several improvements instituted by Allegheny.

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