n 956 -
Start-up losses 490 1,283
Sarbanes Oxley implementation - 249
New Orleans operations 230 18
Other credit agreement add-back items 542 (388)
Credit Agreement EBITDA 10,507 4,696
Exercise of cure right for quarter
ended September 30, 2007 - 5,999
Pro Forma Credit Agreement EBITDA $10,507 $10,695
Schedule 2
Condensed Consolidated Statements of Operations
For the Nine Months Ended September 30, 2006 and 2007
(In thousands)
(Unaudited)
%
2006 2007 Change
Net patient service revenue $246,014 $242,475 -1.4%
Expenses:
Salaries, wages and benefits 108,575 117,604 8.3%
Supplies 24,863 24,951 0.4%
Rent 13,539 15,691 15.9%
Other operating expense 60,119 63,286 5.3%
Provision for doubtful accounts 4,288 4,287 0.0%
Depreciation and amortization 8,802 8,685 -1.3%
Goodwill impairment charges 24,600 3,834 NM
Insurance recovery (5,333) - NM
239,453 238,338 -0.5%
Operating income 6,561 4,137 -36.9%
Interest expense, net 24,585 26,466 7.7%
Gain on early extinguishment of debt (1,329) - -100.0%
Equity in loss of joint venture - (448) NM
Loss before income taxes
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SOURCE LifeCare Holdings, Inc. Copyright©2007 PR Newswire. All rights reserved | |
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