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

of Select's hospitals increased 5.2% to $386.3 million compared to $367.3 million for the same quarter, prior year. Total patient days for the second quarter of 2009 were 252,710, admissions were 10,504 and net revenue per patient day was $1,502. This compares to 252,727 days, 10,178 admissions and net revenue per patient day of $1,425 for the same quarter, prior year. For the hospitals opened or acquired as of January 1, 2008 and operated by Select throughout both periods, patient days in the second quarter of 2009 were 235,648 and admissions were 9,811, compared to 243,334 days and 9,789 admissions in the same quarter, prior year. Adjusted EBITDA for the segment increased 28.5% to $71.0 million compared to $55.2 million for the same quarter, prior year. The Adjusted EBITDA margin for the segment was 18.4% for the second quarter of 2009, compared to 15.0% for the same quarter, prior year. The Adjusted EBITDA margin for the hospitals opened or acquired as of January 1, 2008 and operated by Select throughout both periods was 20.1% for the second quarter of 2009, compared to 16.9% for the same quarter, prior year.

For the six months ended June 30, 2009, net operating revenues for all of Select's hospitals increased 4.5% to $779.6 million compared to $745.9 million for the same period, prior year. Total patient days for the six months ended June 30, 2009 were 508,983, admissions were 21,309 and net revenue per patient day was $1,505. This compares to 512,286 days, 20,914 admissions and net revenue per patient day of $1,428 for the same period, prior year. For the hospitals opened or acquired as of January 1, 2008 and operated by Select throughout both periods, patient days for the six months ended June 30, 2009 were 474,183, and admissions were 19,860, compared to 494,621 days and 20,180 admissions in the same period, prior year. Adjusted EBITDA for the segment for the six months ended June 30, 2009 increased 24.7% to $147.7 million compared
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SOURCE Select Medical Corporation
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