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Team Finance LLC Announces Second Quarter 2008 Results
Date:8/11/2008

Earnings from continuing operations 9,644 7,703

Loss from discontinued operations less applicable

benefit from income taxes of $67 -- (110)

Net earnings $9,644 $7,593

Team Finance LLC

Financial Highlights

Six Months Ended

June 30,

2008 2007

(Unaudited)

(In thousands)

Net revenue $1,138,026 $1,004,132

Provision for uncollectibles 472,521 400,224

Net revenue less provision for uncollectibles 665,505 603,908

Cost of services rendered

Professional service expenses 513,792 462,011

Professional liability costs 12,550 6,214

Gross profit 139,163 135,683

General and administrative expenses 58,959 54,816

Management fee and other expenses 1,786 1,818

Transaction costs 1,785 --

Depreciation and amortization 8,006 7,087

Interest expense, net 23,595 27,792

Earnings from continuing operations before

income taxes 45,032 44,170

Provision for income taxes 17,900 17,200

Earnings from continuing operations 27,132 26,970

Loss from d
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SOURCE TeamHealth Inc.
Copyright©2008 PR Newswire.
All rights reserved

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