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MedCath Corporation Reports Second Quarter Earnings and Provides Update to Internal Assessment
Date:5/21/2009

e months Ended March 31, 2009 2008 % Change Statement of Operations Data: Net revenue $158,867 $154,200 3.0% Adjusted EBITDA (1) $20,806 $22,845 (8.9)% Income from operations $11,721 $14,425 (18.7)% Income from continuing operations $5,418 $5,486 (1.2)% Earnings per share from continuing operations, basic $0.28 $0.28 - Earnings per share from continuing operations, diluted $0.28 $0.28 - Six Months Ended March 31, 2009 2008 % Change Statement of Operations Data: Net revenue $311,970 $300,895 3.7% Adjusted EBITDA (1) $37,971 $43,820 (13.3)% Income from operations $19,624 $23,947 (18.1)% Income from continuing operations $3,802 $7,776 (51.1)% Earnings per share from continuing operations, basic $0.19 $0.38 (50.0)% Earnings per share from continuing operations, diluted $0.19 $0.37 (48.6)% (1) See Supplemental Financial Disclosure--Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures. Three Months Ended March 31, 2009 2008 % Change Selected Operating Data ( a ): Number of hospitals 7 7 Licensed beds ( c ) 509 449 Staffed and available beds ( d ) 462 433 Admissions ( e ) 7,052 7,855 (10.2)% Adjusted admissions ( f ) 10,556 10,817
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