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

10,953 13,322 23,595 27,792

Provision for income taxes 6,198 4,727 17,900 17,200

Depreciation and amortization 4,125 3,597 8,006 7,087

EBITDA 30,920 29,349 76,633 79,049

Management fee and other expenses (a) 899 885 1,786 1,818

Transaction costs 1,785 -- 1,785 --

Restricted unit expense (b) 136 140 276 280

Insurance subsidiary interest income 792 846 1,866 1,486

Severance and other charges 1,075 488 1,459 2,126

Adjusted EBITDA * $35,607 $31,708 $83,805 $84,759

* Adjusted EBITDA totals include the effects of professional liability

loss reserve adjustments of $13,835 and $19,599 for the six months

ended June 30, 2008 and 2007, 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 June 30, December 31,

2008 2007

(Unaudited)

(In thousands)

Cash and cash equivalents $37,069 $30,290

Accounts receivable, net 224,901 222,603

Long term debt, including current portion 629,375 631,500


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

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