Select Medical Corporation Announces Results for Fourth Quarter and Year Ended Decembe...(issionswere 9913 and net revenue per pat...),Health

Date:3/24/2008

issions were 9,913 and net revenue per patient day was $1,410. This compares to 235,520 days, 9,546 admissions and net revenue per patient day of $1,366 for the same quarter, prior year. For the hospitals opened or acquired as of January 1, 2006 and operated by Select throughout both periods, patient days in the fourth quarter of 2007 were 233,761 and admissions were 9,448, compared to 219,162 days and 8,940 admissions in the same quarter, prior year. Adjusted EBITDA for the segment decreased 25.0% to $48.8 million compared to $65.1 million for the same quarter, prior year. The Adjusted EBITDA margin for the segment was 13.8% for the fourth quarter of 2007, compared to 19.8% for the same quarter, prior year. The Adjusted EBITDA margin for the hospitals opened or acquired as of January 1, 2006 and operated by Select throughout both periods was 16.1% for the fourth quarter of 2007, compared to 21.4% for the same quarter, prior year.

For the year ended December 31, 2007, net operating revenues for all of Select's hospitals increased 0.6% to $1,386.4 million compared to $1,378.5 million for the prior year. Total patient days for the year ended December 31, 2007 were 987,624, admissions were 40,008 and net revenue per patient day was $1,378. This compares to 969,590 days, 39,668 admissions and net revenue per patient day of $1,392 for the prior year. For the hospitals opened or acquired as of January 1, 2006 and operated by Select throughout both periods, patient days for the year ended December 31, 2007 were 927,405 and admissions were 37,710, compared to 892,130 days and 36,721 admissions in the prior year. Adjusted EBITDA for the segment for the year ended December 31, 2007 decreased 23.3% to $217.2 million compared to $283.3 million for the prior year. The Adjusted EBITDA margin for the segment for the year ended December 31, 2007 was 15.7%, compared to 20.5% for the prior year. The Adjusted EBITDA margin for the hospitals opened or acquired as of January 1, 2
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SOURCE Select Medical Corporation Copyright©2008 PR Newswire. All rights reserved

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