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Amilpar Revenues Grow 28% in the First 9 Months of 2008 and 4.5% Over Previous Quarter

RIO DE JANEIRO, Brazil, Nov. 12 /PRNewswire-FirstCall/ -- Amilpar (BOVESPA: AMIL3, Bloomberg: AMIL3 BZ and Reuters: AMIL3.SA), the largest managed care organization in Brazil, announced today its consolidated results for the third quarter of 2008.

3rd Quarter 2008 Highlights

-- Total membership stood at 3.1 million at the end of September, up 18.2%

on the same period last year and 3.6% higher than the previous quarter.

-- Adjusted Operating Revenues totaled R$ 1,141.2 million in 3Q08,

22.9% more than in 3Q07 and 4.5% higher in relation to the previous

quarter. Nine-month net operating revenues came to R$ 3,230.1 million,

27.9% higher than in 9M07.

-- Adjusted EBITDA came to R$ 71.4 million in 3Q08 (a margin of 6.3%)

and R$ 298.7 million (a margin of 9.2%) in 9M08, compared to

R$ 80.0 million and R$ 269.2 million year-on-year, respectively.

-- The Medical Loss Ratio for membership utilization recorded 68.3% in

3Q08 (against 67.8% in 3Q07) and 67.3% year-to-date (against 68.3%

in 9M07).

-- The Company posted an adjusted Net Income of R$ 42.9 million in 3Q08,

compared to R$ 47.1 million in the same period of last year, and

R$ 211.5 million in 9M08, 31.3% higher than the same period

last year.

-- Net Cash position at the end of 3Q08 totaled R$ 1,129.5 million.

To access the full version of the Earnings Release, visit our website at

Upcoming Events: Conference Calls


November 13, 2008 (Thursday)

09:00 AM (New York)

12:00 Noon (Brasilia)

Phone: +1 (412) 858-4600

Code: Amil

Replay: +1 (412) 317-0088

Code: 424882#


November 13, 2008 (Thursday)

12:00 Noon (New York)

3:00 PM (Brasilia)

Phone: +55 (11) 4688-6301

Code: Amil

Replay: +55 (11) 4688-6312

Code: 756

IR Contact

Erwin Kleuser

Investor Relations Officer

Phone: +55 (21) 3805-1155

About AmilPar

Amil Participacoes S.A. (Bovespa: AMIL3) is the largest MCO (managed care organization) in Brazil, serving more than 3.1 million members in the states of Sao Paulo, Rio de Janeiro, Parana and Distrito Federal. The Company is also the MCO with the largest accredited provider network in Brazil, with more than 2,100 hospitals, 32,000 health care clinics and private practices and 5,900 laboratories and diagnostic imaging centers.

SOURCE Amil Participacoes S.A.
Copyright©2008 PR Newswire.
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