Team Finance LLC Announces First Quarter 20...(Three Months Ended ...),Health

Date:5/6/2009

Three Months Ended March 31, ------------------ 2009 2008 ------ ------ (Unaudited) Net earnings $25,897 $17,488 Interest expense, net 10,096 12,642 Provision for income taxes 16,529 11,702 Depreciation and amortization 4,625 3,882 ------ ------ EBITDA 57,147 45,714 Management fee and other expenses (a) 939 886 Restricted unit expense (b) 186 140 Insurance subsidiary interest income 860 1,075 Severance and other charges 312 383 Transaction costs 81 -- ------- ------- Adjusted EBITDA* $59,525 $48,198 ======= ======= * Adjusted EBITDA totals include the effects of professional liability loss reserve adjustments associated with prior years of $18,824 and $13,835 for the three months ended March 31, 2009 and 2008, respectively. (a) Reflects management sponsor fee and loss on disposal of assets. (b) Reflects costs related to the recognition of expense in connection with the issuance of restricted units under the 2005 unit plan.

                                   Team Finance LLC
                                 Financial Highlights


    Balance Sheet Data                             As of       As of
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SOURCE  TeamHealth
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