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Select Medical Holdings Corporation Announces Results for Third Quarter Ended September 30, 2009
Date:11/5/2009

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  • a government investigation or assertion that we have violated applicable regulations may result in sanctions or reputational harm and increased costs;
  • future acquisitions or joint ventures may prove difficult or unsuccessful, use significant resources or expose us to unforeseen liabilities;
  • private third-party payors for our services may undertake future cost containment initiatives that limit our future net operating revenues and profitability;
  • the failure to maintain established relationships with the physicians in our markets could reduce our net operating revenues and profitability;
  • shortages in qualified nurses or therapists could increase our operating costs significantly;
  • competition may limit our ability to grow and result in a decrease in our net operating revenues and profitability;
  • the loss of key members of our management team could significantly disrupt our operations;
  • the effect of claims asserted against us or lack of adequate available insurance could subject us to substantial uninsured liabilities;
  • the ability to obtain any necessary or desired waiver or amendment from our existing lenders may be difficult due to the current uncertainty in the credit markets; and
  • the inability to draw funds under our senior secured credit facility because of lender defaults.
  •     I.   Condensed Consolidated Statements of Operations
        (In thousands, except per share amounts)
        (unaudited)
        For the Three Months Ended September 30, 2008 and 2009
    
                                                                       %
                                              2008         2009      Change
                                              ----         ----      ------
        Net operating revenues              $519,179     $545,621       5.1%
    
        Costs and expenses:
         Cost of services                    441,395      448,702       1.7%
         General and administrative (a)      
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    SOURCE Select Medical Holdings Corporation
    Copyright©2009 PR Newswire.
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