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Dialysis Corporation of America Reports Second Quarter 2008 Results
Date:8/6/2008

LINTHICUM, Md., Aug. 6 /PRNewswire-FirstCall/ -- Dialysis Corporation of America (Nasdaq: DCAI) announced its financial results for the second quarter of 2008. Operating revenues for the second quarter were $20,836,000 compared to $18,485,000 for the same period last year, a 13% increase, and $41,321,000 for the first half of 2008 compared to $35,376,000 for the same period last year, a 17% increase. Net income for the quarter was $663,000 or $.07 per share ($.07 diluted per share) compared to $753,000 or $.08 per share ($.08 diluted per share) for the same period last year, and $1,112,000 or $.12 per share ($.12 diluted per share) for the first half of 2008 compared to $1,136,000 or $.12 per share ($.12 diluted per share) for the same period last year.

Stephen Everett, President and Chief Executive Officer, commented, "With the exception of a few non-recurring expense items during the quarter, our financial performance was on target with company expectations. Additionally, DCA's clinical quality results continue to rank well above industry averages, which is a critical component of both our short and long term goals. Our company's technical and financial infrastructure continues to build with the recent addition of a clinical reporting software system, which will be deployed throughout the organization over the next couple of years. Finally, I am pleased to announce that our new center in Camp Hill Pennsylvania was certified by Medicare earlier this week and is in the process of bringing new patients into our system. We anticipate this center to be treating approximately 75 patients within its first full year of operation."

Financial results included: (i) a non-recurring reserve of $375,000 for patients with terminated bene
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SOURCE Dialysis Corporation of America
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