Select Medical Corporation Announces Results for Fourth Quarter and Year Ended Decembe...(odwill 1499485...),Health

Date:3/23/2009

odwill 1,499,485 1,506,661 Other identifiable intangibles 79,172 74,078 Assets held for sale 14,607 12,542 Other assets 54,895 44,548 Total Assets $2,490,777 $2,562,425 LIABILITIES AND STOCKHOLDER'S EQUITY Payables and accruals $338,674 $344,358 Current portion of long term debt 7,749 9,046 Total Current Liabilities 346,423 353,404 Long term debt, net of current portion 1,438,776 1,460,276 Non-current deferred tax liability 23,380 42,918 Other non-current liabilities 52,266 67,709 Minority interests 5,761 7,803 Stockholder's equity 624,171 630,315 Total Liabilities and Stockholder's Equity $2,490,777 $2,562,425

    IV.  Key Statistics
         (unaudited)
         For the Three Months Ended December 31, 2007 and 2008
                                                                      %
                                                   2007       2008  Change

    Specialty Hospitals (a)

    Number of hospitals - end of period             87         93    6.9%

    Net operating revenues (,000)             $352,877   $383,681    8.7%

    Number of patient days                     245,665    249,626    1.6%

    Number of admissions                         9,913     10,286    3.8%

    Net revenue per patient day (b)             $1,410     $1,509    7.0%

    Adjusted EBITDA (,000)                     $48,808    $68,771   40.9%

    Adjusted EBITDA margin - all
     hospitals                                    13.8%      17.9%  29.7%
    Adjusted EBITDA margin -
     same
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SOURCE  Select Medical Corporation
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