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Select Medical Corporation Announces Results for Second Quarter Ended June 30, 2009
Date:8/13/2009

g interest 762 391 1,071 1,412 Income tax expense 9,123 18,207 19,202 40,575 Interest expense, net 27,717 24,825 55,826 50,742 Other expense (income) (1,791) 32 2,502 (1,621) Gain on early retirement of debt - (3,562) - (15,316) Stock compensation expense Included in general and administrative 438 241 1,147 483 Included in cost of services - 58 45 111 Depreciation and amortization 17,930 17,939 35,327 35,670 ------- ------- -------- -------- Adjusted EBITDA $66,789 $83,626 $139,284 $169,278 ======= ======= ======== ======== Specialty hospitals $55,237 $70,960 $118,480 $147,741 Outpatient rehabilitation 23,746 25,294 43,843 46,578 Other (1) (12,194) (12,628) (23,039) (25,041) ------- ------- -------- -------- Adjusted EBITDA $66,789 $83,626 $139,284 $169,278 ======= ======= ======== ======== (1) Other primarily includes Select's general and administrative costs. The following tables reconcile specialty hospital same store information. Three Months Ended June 30, 2008 June 30, 2009 ------------- ------------- Specialty hospitals net operating revenue $367,289 $386,331 Less: Specialty hospitals in development, opened or closed after 1/1/08 12,72
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