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MedCath Corporation Reports Third Quarter Earnings
Date:8/6/2008

- EPS from continuing operations totaled $0.27; EPS of $0.33, excluding

certain items

- Adjusted EBITDA of $24.0 million, excluding certain items - Same facility adjusted admissions up 1.0% in third quarter of fiscal 2008

compared to the third quarter of fiscal 2007 - Cash flow from continuing operations of $20.6 million in third quarter of fiscal 2008 compared to $15.0 million in the second quarter of fiscal 2008

CHARLOTTE, N.C., Aug. 6 /PRNewswire-FirstCall/ -- MedCath Corporation (Nasdaq: MDTH), a healthcare provider focused on high acuity healthcare services, predominately the diagnosis and treatment of cardiovascular disease, today announced its operating results for its third fiscal quarter, which ended June 30, 2008.

Third Quarter 2008 Results

During its fourth quarter of fiscal 2007, MedCath completed the recapitalization of Harlingen Medical Center ("HMC"). As part of the recapitalization, MedCath's ownership in HMC was reduced from a majority ownership to a minority ownership. Due to this change in ownership, MedCath began accounting for HMC as an equity investment in the quarter ended September 30, 2007. Any reference to same facility results in this press release accounts for the operations of HMC as an equity investment in the third quarter of 2007.

On a same facility basis, MedCath's net revenue decreased 1.7% to $157.1 million in the third quarter of fiscal 2008 from $159.8 million in the third quarter of fiscal 2007. Same facility income from operations decreased 33.8% to $14.1 million from $21.3 million in the third quarter of fiscal 2007 and Adjusted EBITDA, excluding certain items, decreased 18.4% to $24.0 million from $29.4 million
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SOURCE MedCath Corporation
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