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MedCath Corporation Reports Fourth Quarter Earnings
Date:11/11/2009

PERATIONS (In thousands, except per share data) (Unaudited) Three Months Twelve Months Ended Ended September 30, September 30, -------------- -------------- 2009 2008 2009 2008 ---- ---- ---- ---- Net revenue $147,966 $145,511 $602,042 $591,611 Operating expenses: Personnel expense 48,681 49,196 200,927 197,850 Medical supplies expense 43,336 41,835 171,451 161,880 Bad debt expense 14,876 11,828 49,421 43,671 Other operating expenses 31,857 30,637 127,043 118,378 Pre-opening expenses 2,223 143 3,563 786 Depreciation 8,591 7,623 31,755 30,041 Amortization 889 30 1,121 84 Loss (gain) on disposal of property, equipment and other assets 133 (143) 271 248 Impairment of goodwill 60,174 - 60,174 - ------ ---- ------ ---- Total operating expenses 210,760 141,149 645,726 552,938 ------- ------- ------- ------- (Loss) income from operations (62,794) 4,362 (43,684) 38,673 Other income (expenses): Interest expense (1,452) (2,642) (6,798) (14,300) Loss on early extinguishment of debt - -
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