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US Oncology Reports 2009 Fourth Quarter and Year End Operating Results
Date:2/25/2010

xpense in 2009.    

For 2009, net loss attributable to the Company was $3.6 million, a decrease of $366.9 million compared to the prior year net loss of $370.5 million which included a $380.0 million non-cash impairment charge related to goodwill in the medical oncology services segment.  Excluding impairment and restructuring charges, the increased Adjusted EBITDA was offset by higher interest expense and the losses on debt extinguishment related to the refinancing of our senior notes and credit facility completed in 2009.

Impairment and Restructuring Charges

Impairment and restructuring charges are summarized in the table below (in millions):

    
    
    
    
                                    Q4     Q4              
                                   2009   2008    2009   2008
                                   ----   ----    ----   ----
      Severance costs              $0.4   $2.0    $6.1   $3.9
      Future lease obligations      1.2    1.0     1.2    1.0
      Goodwill                        -      -       -  380.0
      Property and equipment, net   1.0      -     1.0      -
      Other                           -   (0.1)    0.2      -
                                    ---   ----
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SOURCE US Oncology, Inc.
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