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Graymark Healthcare Reports Q3 Financial Results
Date:11/16/2010

adjustment to contractual allowances in the third quarter of 2009. Net of this adjustment, therapy revenue was up $0.3 million compared to the third quarter of 2009. Of this, $0.3 million was attributable to our new acquisitions, while revenue from existing business was flat; increased set-up and shipment volumes were offset by lower revenue per set-up.  

Graymark Healthcare Inc. is a diversified medical holding company that owns and operates diagnostic sleep centers that treat a wide range of sleep disorders; independent pharmacies that serve the needs of local markets; and a medical equipment company that provides disposable and durable medical equipment. Graymark plans to continue its growth internally and through strategic acquisitions within the medical industry.

This press release may contain forward-looking statements that are based on the company's current expectations, forecasts and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual outcomes and results to differ materially from the company's expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not in the control of the company, including, without limitation, the current economic climate and other risks and uncertainties, including those enumerated and described in the company's filings with the Securities and Exchange Commission, which are available on the SEC's Web site (www.sec.gov). Unless otherwise required by law, the company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measure ReconciliationGraymark is providing EBITDA information, which is defined as net income plus interest, income taxes, depreciation and amortization expense and earnings or losses from discontinued operations, as a compliment to G
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SOURCE Graymark Healthcare Inc.
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