Select Medical Corporation Announces Results for Fourth Quarter and Year Ended Decembe... (Other expense 1946 16...)

Select Medical Corporation Announces Results for Fourth Quarter and Year Ended December 31, 2008

Date:3/23/2009

Other expense 1,946 1,622 4,494 2,802 Gain on early retirement of debt - (912) - (912) Stock compensation expense Included in general and administrative 890 337 3,555 1,953 Included in cost of services 47 59 191 140 Depreciation and amortization 15,255 18,611 57,297 71,786 Adjusted EBITDA $57,884 $76,492 $254,928 $270,287 Specialty hospitals $48,808 $68,771 $217,175 $236,388 Outpatient rehabilitation 15,167 17,031 75,437 77,279 Other (1) (6,091) (9,310) (37,684) (43,380) Adjusted EBITDA $57,884 $76,492 $254,928 $270,287 (1) Other primarily includes Select's general and administrative costs.

The following tables reconcile specialty hospital
same store information.

Three Months Ended
December 31, December 31,
2007 2008
Specialty hospitals net operating
revenue $352,877 $383,681
Less: Specialty hospitals in
development, opened or closed after
1/1/07 12,348 29,264
Specialty hospitals same store net
operating revenue $340,529 $354,417

Specialty hospitals Adjusted EBITDA $48,808 $68,771
Less: Specialty hospitals in
development, opened or closed after
1/1/07 (6,863) (5,287)
Specialty hospitals same store
Adjusted EBITDA $55,671 $74,058

All specialty hospitals A
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SOURCE Select Medical Corporation
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