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Team Finance LLC Announces First Quarter 2009 Results

rward-looking statements speak only as of the date they are made. The Company disclaims any intent or obligation to update "forward looking statements" made in this communication to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

                                   Team Finance LLC
                                 Financial Highlights

                                                           Three Months Ended
                                                               March 31,
                                                             2009        2008
                                                          -------     -------
                                                             (In thousands)
     Net revenue                                         $594,792    $559,021
     Provision for uncollectibles                         245,206     229,002
                                                          -------     -------
       Net revenue less provision for uncollectibles      349,586     330,019
     Cost of services rendered
       Professional service expenses                      268,932     255,236
       Professional liability costs (benefit)              (6,733)         54
                                                          -------     -------
        Gross profit                                       87,387      74,729
     General and administrative expenses                   29,220      28,129
     Management fee and other expenses                        939         886
     Depreciation and amortization                          4,625       3,882
     Interest expense, net                                 10,096      12,642
     Transaction costs
SOURCE TeamHealth
Copyright©2009 PR Newswire.
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