Lincare Holdings Inc. Announces Third Quarter and First Nine Months 2007 Financi...( CLEARWATER Fla. Oct. 22 /- Lincar...),Health

CLEARWATER, Fla., Oct. 22 /PRNewswire-FirstCall/ -- Lincare Holdings Inc. (Nasdaq: LNCR), a leading provider of oxygen and other respiratory therapy services delivered to patients in the home, today announced financial results for the three and nine months ended September 30, 2007.

For the quarter ended September 30, 2007, revenues were $408.2 million, a 14% increase over revenues of $358.0 million for the third quarter of 2006. The Company estimates that the increase in net revenues was comprised of approximately 12% internal growth and 3% growth from acquisitions, partially offset by Medicare price changes taking effect in 2007. Net income for the quarter ended September 30, 2007, was $58.6 million compared to net income of $56.2 million for the third quarter of 2006. Diluted earnings per share were $0.66 for the quarter ended September 30, 2007, compared with $0.57 diluted earnings per share for the comparable prior year period.

Revenues for the nine months ended September 30, 2007, were $1.184 billion, a 14% increase over revenues of $1.042 billion for the comparable period in 2006. The Company estimates that the increase in net revenues was comprised of approximately 11% internal growth and 4% growth from acquisitions, partially offset by Medicare price changes taking effect in 2007. Net income for the nine months ended September 30, 2007, was $168.5 million compared to net income of $156.0 million for the first nine months of 2006. Diluted earnings per share were $1.89 for the nine months ended September 30, 2007, compared with $1.57 diluted earnings per share for the comparable period last year.

Lincare added ten new operating centers in the third quarter derived from internal development. The
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