Team Finance LLC Announces Third Quarter 20...(t 10438 8549 34033 ...),Health

Date:11/2/2009

t 10,438 8,549 34,033 27,671 Provision for income taxes 15,986 8,001 33,885 34,230 Depreciation and amortization 4,553 4,696 12,559 14,028 Management fee and other expenses (a) 960 804 2,745 2,324 Restricted unit expense (b) 163 187 439 558 Insurance subsidiary interest income 1,173 640 3,040 2,138 Severance and other charges (118) (22) 1,340 301 Transaction costs(c) 19 419 1,805 578 -- --- ----- --- Adjusted EBITDA* $56,104 $36,774 $139,909 $137,059 ======= ======= ======== ======== * Adjusted EBITDA totals are not adjusted for the favorable effects of professional liability loss reserve adjustments associated with prior years of $0 and $26,529 for the three months ended September 30, 2009 and 2008, respectively, and $18,824 and $40,364 for the nine months ended September 30, 2009 and 2008, respectively. Adjusting for the effects of professional liability loss reserve adjustments associated with prior years, Adjusted EBITDA would have been reduced to $36,774 and $29,575 for the three months ended September 30, 2009 and 2008, respectively, and $118,235 and $99,545 for the nine months ended September 30, 2009 and 2008, respectively. (a)Reflects sponsor management fee, loss on disposal of assets and realized gain on investments. (b)Reflects costs related to the recognition of expense in connection with the issuance of restricted units under the 2005 Unit Plan. (c)Reflects expenses associated with acquisition transaction fees. Team Finance LLC
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