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inVentiv Health Reports Record Financial Results for Fourth Quarter and Full Year 2007
Date:2/28/2008

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decreased 11% to $1.46 for 2007, compared to $1.64 for 2006. This

decrease is reflective of $0.03 and $0.30 of tax benefits recognized in

2007 and 2006, respectively, as described in note (1).

2007 Highlights and Key Accomplishments:

-- Record Revenue, Adjusted Operating Income and Adjusted EPS: Total

revenue, adjusted operating income and adjusted EPS of $977.3 million,

$102.2 million and $1.59, respectively, were new records for inVentiv,

underscoring the strength of the Company's multi-faceted business model

and continued effective execution across its businesses. In addition,

inVentiv delivered 13% pro forma organic net revenue growth for the

year.

-- inVentiv Clinical reported record total revenues of $186.9 million

during 2007 and $47.9 million during the fourth quarter of 2007, up 25%

and 23% respectively from the comparable prior-year periods. Billable

headcounts in clinical staffing continued to increase meaningfully

during 2007, further strengthening inVentiv Clinical's market position

in an expanding clinical trials marketplace. Revenues also increased

significantly within inVentiv Clinical's functional outsourcing

business.

-- inVentiv Communications reported record total revenues of $289.1

million during 2007 and $88.1 million during the fourth quarter of

2007, up 39% and 53% respectively from the comparable prior-year

periods, including results from several acquisitions completed during

2007. The division delivered over 30 significant new wins or

expansions with existing accounts over the course of the year,

resulting in enhanced momentum in the fourth quarter of 2007 and

accelerating organic growth leading to a strengthened outlook for 2008.

-- inVentiv Commercial reported total revenues of $400.8 million during
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SOURCE inVentiv Health, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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Related medicine news :

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2. inVentiv Health to Announce Fourth Quarter and Full Year 2007 Results and Conduct Conference Call on Thursday, February 28th
3. inVentiv Health Provides Updated Information on December 11th Investor Day
4. inVentiv Health Creates Client Development and Integration Team
5. inVentiv Health to Present at the 2007 Credit Suisse Healthcare Conference
6. inVentiv Health Launches Fourth Business Segment: inVentiv Patient Outcomes
7. inVentiv Health to Announce Third Quarter Results and Conduct Conference Call on Wednesday, November 7, 2007
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