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Select Medical Holdings Corporation Announces Results for Fourth Quarter and Year Ended December 31, 2009
Date:2/18/2010

At December 31, 2009, Select operated 89 long term acute care hospitals and six acute medical rehabilitation hospitals.  This compares to 88 long term acute care hospitals and five acute medical rehabilitation hospitals operated at December 31, 2008.  For the fourth quarter of 2009, net operating revenues for all of Select's hospitals increased 4.6% to $401.4 million compared to $383.7 million for the same quarter, prior year. Total patient days for the fourth quarter of 2009 were 258,013, admissions were 10,899 and net revenue per patient day was $1,528.  This compares to 249,626 days, 10,286 admissions and net revenue per patient day of $1,509 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 fourth quarter of 2009 were 238,583 and admissions were 10,096, compared to 235,381 days and 9,720 admissions in the same quarter, prior year.  Adjusted EBITDA for the Specialty Hospital segment increased 13.8% to $78.2 million compared to $68.8 million for the same quarter, prior year.  The Adjusted EBITDA margin for the segment was 19.5% for the fourth quarter of 2009, compared to 17.9% 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 21.1% for the fourth quarter of 2009, compared to 20.8% for the same quarter
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SOURCE Select Medical Holdings Corporation
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