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

to $118.5 million for the same period, prior year. The Adjusted EBITDA margin for the segment for the six months ended June 30, 2009 was 19.0%, compared to 15.9% for the same period, 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 20.6% for the six months ended June 30, 2009, compared to 18.0% for the same period, prior year.

Outpatient Rehabilitation

At June 30, 2009, Select operated 948 outpatient clinics. This compares to 970 outpatient clinics at June 30, 2008. For the second quarter of 2009, net operating revenues for the segment increased 1.0% to $173.2 million compared to $171.5 million for the same quarter, prior year. Adjusted EBITDA for the segment for the second quarter increased 6.5% to $25.3 million compared to $23.7 million for the same quarter, prior year. The Adjusted EBITDA margin for the segment for the quarter was 14.6% compared to 13.8% in the same quarter, prior year. Patient visits for the quarter were 1,163,341 compared to 1,167,702 for the same quarter, prior year. Net revenue per visit was $101 for the quarter ended June 30, 2009 compared to $102 for the same quarter, prior year.

For the six months ended June 30, 2009, net operating revenues were $341.0 million compared to $341.1 million for the same period, prior year. Adjusted EBITDA for the six months ended June 30, 2009 increased 6.2% to $46.6 million compared to $43.8 million for the same period, prior year. The Adjusted EBITDA margin for the six months ended June 30, 2009 was 13.7% compared to 12.9% in the same period, prior year. Patient visits for the six months ended June 30, 2009 were 2,259,637 compared to 2,323,609 for the same period, prior year. Net revenue per visit was $102 for the six months ended June 30, 2009 compared to $103 for the same period, prior year.

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SOURCE Select Medical Corporation
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