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Team Finance LLC Announces Fiscal 2008 Financial Results
Date:2/9/2009

limited to those factors detailed from time to time in the Company's filings with the Securities and Exchange Commission, including filings on Forms 10-Q and 10-K.

    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

                                                  Year ended December 31,
                                                   2008              2007
                                                      (In thousands)
    Net revenues                                $2,291,812        $2,106,152
    Provision for uncollectibles                   960,495           874,087

      Net revenues less provision for
       uncollectibles                            1,331,317         1,232,065

    Cost of services rendered
      Professional service expenses              1,046,806           950,872
      Professional liability costs                  15,247            21,057

        Gross profit                               269,264           260,136

    General and administrative expenses            116,942           114,476
    Management fee and other expenses                3,602             4,054
    Transaction costs                                2,386                 -
    Impairment of intangibles                        9,134                 -
    Depreciation and amortization                   17,281            14,823
    Interest expense, net                           45,849            55,234
    Gain on extinguishment of debt                  (1,640)                -

         Earnings from continuing operations
          before income taxes                       75,710            71,549
    Provision for income taxes     
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SOURCE Team Health Inc.
Copyright©2009 PR Newswire.
All rights reserved

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