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Select Medical Corporation Announces Results for Fourth Quarter and Year Ended December 31, 2007


Number of clinics - end of period 544 999 83.6%

Net operating revenues (,000) $116,365 $165,057 41.8%

Number of visits 711,163 1,145,063 61.0%

Revenue per visit (d) $98 $101 3.1%

Adjusted EBITDA (,000) $15,903 $15,167 (4.6)%

Adjusted EBITDA margin 13.7% 9.2% (32.8)%

(a) Specialty hospitals consist of long-term acute care hospitals and

acute medical rehabilitation hospitals.

(b) Net revenue per patient day is calculated by dividing specialty

hospital patient service revenue by the total number of patient days.

(c) Adjusted EBITDA margin -- same store hospitals represents the Adjusted

EBITDA margin for those hospitals opened or acquired before January 1,

2006 and operated throughout both periods.

(d) Net revenue per visit is calculated by dividing outpatient

rehabilitation clinic revenue by the total number of visits. For

purposes of this computation, outpatient rehabilitation clinic revenue

does not include managed clinics or contract services revenue.

V. Key Statistics


For the Year Ended December 31, 2006 and 2007


2006 2007 Change

Specialty Hospitals (a)

Number of hospitals - end of period 96 87 (9.4)%

Net operating revenues (,000) $1,378,543 $1,386,410 0.6%

Number of patient days 969,590 987,624 1.9%

Number of admissions 39,668 40,008 0.9%

Net revenue per patient day (b) $1,392 $1,378 (1.0)%

Adjusted EBITDA

SOURCE Select Medical Corporation
Copyright©2008 PR Newswire.
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