-- They do not include depreciation and amortization expense. Because the
Company needs capital assets to generate revenues, depreciation and
amortization expense is a necessary and ongoing part of the Company's
costs. Therefore, any measures that exclude depreciation and
amortization expense have material limitations;
-- They do not include taxes. Because the payment of taxes is a necessary
and ongoing part of the Company's operations, any measures that exclude
taxes have material limitations;
-- They include additional adjustments described in the table at the end
of this press release primarily related to certain non-cash
compensation costs and other non-recurring expenses; and
-- Pro Forma Adjusted EBITDA includes adjustments to estimate the pro
forma effects of the business combination including the business
combination financing transactions.
Management compensates for these limitations by considering the economic effect of the adjusted items independently as well as in connection with its analysis of net earnings.
About Chem Rx
Founded more than 40 years ago, Chem Rx is a major institutional pharmacy serving the New York City metropolitan area, as well as parts of New Jersey, upstate New York, Pennsylvania and Florida. Chem Rx's client base includes skilled nursing facilities and a wide range of other long-term care facilities. Chem Rx provides to more than 65,000 residents prescription and non-prescription drugs, intravenous medications, durable medical equipment items and surgical supplies. Chem Rx's website address is http://www.chemrx.net.
Forward Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 about Chem
Rx Corporation. Forward-looking statemen
|SOURCE Chem Rx Corporation|
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