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MDS Reports Third Quarter 2009 Financial Results
Date:9/10/2009

ctors working with Management and financial and legal advisors. The MDS Inc. Board of Directors believes these actions are in the best interests of the Company and its shareholders, and unanimously recommends that shareholders vote in favor of the sale of MDS Analytical Technologies. A Special Meeting of Shareholders to seek approval of the proposed sale will be held on October 20, 2009 in Toronto. MDS anticipates that a management proxy circular will be mailed later this month to shareholders of record, as of September 14, 2009.

    Operating Segment Results

    MDS Pharma Services

                                                        Q3 2008(1)  % Change
    (millions of U.S. dollars)                 Q3 2009   Restated   Reported
    -------------------------------------------------------------------------
    Net revenue                                $    49    $    68       (28%)
    Reimbursement revenue                            7          8
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Total revenue                              $    56    $    76
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Adjusted EBITDA                            $   (14)   $     1       n.m.
                                                  (29%)        1%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    n.m. - not meaningful
    (1) The comparative figures have been restated to conform to the current
        year's presentation of discontinued operations.

On June 1, 2009, MDS announced the sale of its Phase II-IV operations to INC Research, Inc. and its intention to sell the Cen
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SOURCE MDS Inc.
Copyright©2009 PR Newswire.
All rights reserved

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