IHHI Announces Second Quarter Earnings ( SANTA ANA Calif. Nov. 16 /- Integ...)

IHHI Announces Second Quarter Earnings

Date:11/16/2007

SANTA ANA, Calif., Nov. 16 /PRNewswire-FirstCall/ -- Integrated Healthcare Holdings, Inc. ("IHHI") (OTC Bulliten Board: IHCH), the operator of four Orange County, California hospitals, has reported its financial results for the second quarter ended September 30, 2007.

Second Quarter Results

IHHI reported consolidated net operating revenues of $95.4 million for the three months ended September 30, 2007, an increase of $10.1 million, or 11.8%, from the comparable period in 2006. Operating income for the three months ended September 30, 2007 was $4.1 million compared to an operating loss of $4.6 million for the same period in 2006. The consolidated net income for the three months ended September 30, 2007 was $1.1 million, or $0.01 per share, versus a net loss of $7.0 million, or $0.08 per share, during the same period of 2006. The net loss for the same period in 2006 was $7.8 million before recognition of the change in fair value of derivative (this is a non-GAAP measure).

For the six months ended September 30, 2007, IHHI reported consolidated net operating revenues of $182.2 million, an increase of $5.9 million, or 3.3%, from the comparable period in 2006. Operating income for the six months ended September 30, 2007 was $1.3 million compared to an operating loss of $3.6 million for the same period in 2006. The consolidated net loss for the six months ended September 30, 2007 was $4.7 million, or $0.04 per share, versus $4.8 million, or $0.06 per share, during the same period of 2006. The net loss for the same period in 2006 was $9.9 million before recognition of the change in fair value of derivative, representing a significant improvement in operating results during 2007 (this is a non-GAAP measure).

IHHI management evaluates and makes operating decisions using various performance measures. In addition to GAAP results, we also consider other measures, such as "adjusted" EBITDA (earnings before interest, taxes, depreciation and amortizat
'/>"/>

2

GOOD

Page: 1 2 3
Related medicine news :

1. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
2. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael
3. UHW Announces: Antelope Valley Hospital Caregivers and Board Vote to Ratify First Union Contract With SEIU UHW-West
4. HEI, Inc. Announces Sale of RFID Division Assets
5. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Zyloprim(R)
6. Mettler-Toledo International Inc. Announces Webcast of Presentation at Thomas Weisel Partners 2007 Healthcare Conference
7. Z Trim Announces Revocation of Gregory Halpern Severence Agreement
8. Brooke Franchise Corporation Announces Selected July Results
9. Manor Care, Inc. Announces Record Date for Special Stockholder Meeting
10. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Adipex-P(R)
11. Planet Technologies Announces Agreement to Acquire Antigen Laboratories

Post Your Comments:

IHHI Announces Second Quarter Earnings( SANTA ANA Calif. Nov. 16 /- Integ...),Health