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US Oncology Reports Third Quarter 2008 Results
Date:11/6/2008

A

Medical

oncology

services $16.9 $15.6 8.3 $20.7 (18.4)

Cancer center

services 31.1 33.0 (5.8) 31.8 (2.2)

Pharmaceutical

services 25.5 22.9 11.4 26.3 (3.0)

Research and

other (1.3) (0.7) nm (4) (0.7) nm (4)

Corporate

costs(2) (17.4) (20.2) 13.9 (20.7) 15.9

Impairment and

restructuring

charges(3) (0.3) (1.0) nm (4) (0.5) nm (4)

----- ----- -----

Total $54.5 $49.6 9.9 $56.9 (4.2)

===== ===== =====

Adjusted

EBITDA(3) $54.8 $50.6 8.3 $57.4 (4.5)

Net income $3.9 $2.4 62.5 $3.2 21.9

Operating cash

flow $35.1 $16.5 nm (4) $(8.6) nm (4)

(1) Eliminations represent the sale of pharmaceuticals from our

distribution center (pharmaceutical services segment) to our

practices affiliated under comprehensive service agreements

(medical oncology segment).

(2) Corporate costs relate primarily to general and administrative

expenses in support of our network.

(3) Impairment and restructuring charges and other expense are excluded

from Adjusted EBITDA.

(4) Not meaningful.

Medical Oncology Services

In the third quarter of 2008, medical oncology services revenue was $557.4 million, an increase of $43.3 million, or 8.4 percent, from the third quarter of 2007. Comparing the same periods, EBITDA was $16.9 million, an increase of $1.3 million, or 8.3 percent. These increases reflect higher same-store daily visits, growth in our network of affiliated medical oncologists and an additional operating day in the third quarter
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SOURCE US Oncology, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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