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Amilpar - Revenue Increases 13.4% and Medical Loss Ratio Falls in the First Quarter 2009
Date:5/12/2009

RIO DE JANEIRO, Brazil, May 12 /PRNewswire-FirstCall/ -- Amilpar (BOVESPA: AMIL3, Bloomberg: AMIL3 BZ and Reuters: AMIL3.SA), the largest managed care organization in Brazil, announced today its results for the first quarter of 2009.

Highlights:

At the end of March, total membership stood at 3.11 million, 9.7% up on the 1Q08 and 2.3% down on the 3.18 million recorded in the 4Q08.

Adjusted Operating Revenues totaled R$ 1,131 million in the 1Q09, 13.4% up year-on-year and 2.1% down on the previous quarter.

Adjusted EBITDA came to R$ 119.5 million in the 1Q09, 14.4% and 1.6 p.p. up, respectively, on the 4Q08, representing an EBITDA margin of 10.6%.

The Medical Loss Ratio for healthplan membership stood at 63.4% in the 1Q09, versus 69.0% in the 4Q08 and 65.7% in the 1Q08.

The Company posted an adjusted Net Income of R$ 78.8 million, 12.1% down on the R$ 89.6 million reported in the 1Q08.

Net Cash (cash and cash equivalents less financial debt) closed March 2009 at R$ 1,099.8 million, R$ 22 million more than at the end of 2008.

To access the Earnings Release full version visit our website at www.amilpar.com.br/ir

Upcoming Events: Conference Calls

    English
    May 13, 2009
    11:00 a.m. New York
    (12:00 noon) Brasilia
    Phone: +1 (973) 935-2966
    Code: 97090549
    Replay: +1 (706) 645-9291
    Code: 97090549
    Webcast: www.amilpar.com.br/ir
    Portuguese
    May 13, 2009
    2:00 p.m. New York
    (3:00 p.m. Brasilia)
    Phone: +55 (11) 2188-0188
    Code: Amil
    Repaly:+55 (11) 2188-0188
    Code: Amil
    Webcast: www.amilpar.com.br/ri

About AmilPar

Amil Participacoes S.
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SOURCE Amil Participacoes S.A.
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