Conference Call and Webcast Scheduled for March 7, 2008 at 2:00 pm ET
MISSION VIEJO, Calif., March 6 /PRNewswire-FirstCall/ -- The Ensign
Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of
skilled nursing, rehabilitative care services and assisted living
companies, today reported results for the fourth quarter and the fiscal
year ended 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071213/LATH168LOGO )
Highlights of the Fourth Quarter Include:
-- Total revenue was $109.0 million, up 11.8% from the prior year
-- Organic revenue grew 5.0%
-- Sequential revenue grew 4.7% over Q3, an acceleration from Q3 2007
growth of 3.8%
-- Skilled revenue was 42.8%, an increase of 110 basis points
-- EBITDAR was $16.8 million, up 11.7% vs. a year ago and up 20.9%
-- Net income was $6.2 million, up 16.5% over Q4 2006 and up 39.5%
For the quarter ended December 31, 2007, total revenue was $109.0 million, up 11.8% compared to $97.5 million for the prior year quarter, and up 4.7% sequentially. On a same-facility basis, total revenue in the fourth quarter of 2007 increased 5.0% from the comparable quarter in the prior year. In addition, revenue generated by facilities acquired subsequent to October 1, 2006 increased by $6.7 million.
The company reported fourth quarter 2007 net income of $6.2 million or $0.32 per diluted share, compared to $5.4 million or $0.31 per diluted share for the fourth quarter of 2006.
Commenting on the results, Ensign President and Chie
|SOURCE The Ensign Group, Inc.|
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