Team Finance LLC Announces Fiscal 2008 Financi...(31044 27703 Earnings from ...),Health

Date:2/9/2009

31,044 27,703 Earnings from continuing operations 44,666 43,846 Loss from discontinued operations less applicable benefit from income taxes of $363 - (576) Net earnings $44,666 $43,270 Team Finance LLC Financial Highlights (unaudited) For the three months ended December 31, 2008 2007 (In thousands) Net revenues $571,036 $551,071 Provision for uncollectibles 239,527 237,517 Net revenues less provision for uncollectibles 331,509 313,554 Cost of services rendered Professional service expenses 267,379 247,462 Professional liability costs 18,233 13,792 Gross profit 45,897 52,300 General and administrative expenses 28,665 31,165 Management fee and other expenses 856 1,021 Transaction costs 581 - Impairment of intangibles 9,134 - Depreciation and amortization 4,722 3,868 Interest expense, net 11,816 13,804 Gain on extinguishment of debt (1,640) - Earnings (loss) from continuing operations before income taxes
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SOURCE Team Health Inc. Copyright©2009 PR Newswire. All rights reserved

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