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Select Medical Corporation Announces Results for First Quarter Ended March 31, 2008
Date:5/15/2008

Liabilities and Stockholder's Equity

Payables and accruals $338,674 $299,756

Current portion of long-term debt 7,749 9,795

Total Current Liabilities 346,423 309,551

Long-term debt, net of current portion 1,438,776 1,507,104

Non-current deferred tax liability 23,380 17,065

Other non-current liabilities 52,266 82,144

Minority interests 5,761 5,195

Stockholder's equity 624,171 629,228

Total Liabilities and Stockholder's

Equity $2,490,777 $2,550,287

III. Key Statistics

(unaudited)

For the Three Months Ended March 31, 2007 and 2008

%

2007 2008 Change

Specialty Hospitals (a)

Number of hospitals - end of period 92 92 0.0%

Net operating revenues (,000) $354,228 $378,604 6.9%

Number of patient days 252,476 259,559 2.8%

Number of admissions 10,416 10,736 3.1%

Net revenue per patient day (b) $1,378 $1,432 3.9%

Adjusted EBITDA (,000) $66,031 $63,243 (4.2)%

Adjusted EBITDA margin - all hospitals 18.6% 16.7% (10.2)%

Adjusted EBITDA margin - same store

hospitals ( c ) 19.4% 18.7% (3.6)%

Outpatient Rehabilitation

Number of clinics - end of period 545 985 80.7%

Net operating revenues (,000) $112,380 $169,577 50.9%

Number of visits
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SOURCE Select Medical Corporation
Copyright©2008 PR Newswire.
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