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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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