SKILLED HEALTHCARE GROUP INC
SymbolSKH

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Skilled Healthcare Group Reports Third Quarter 2009 Earnings from Continuing Operations Per Diluted Share of $0.25

2009-11-03 03:01 ET - News Release


Company Website: http://www.skilledhealthcaregroup.com
FOOTHILL RANCH, Calif. -- (Business Wire)

Skilled Healthcare Group, Inc. (NYSE:SKH) today announced its unaudited consolidated financial operating results for the three- and nine-month periods ended September 30, 2009.

Third Quarter 2009 Consolidated Results

  • Total consolidated revenue for the quarter ended September 30, 2009 was $188.4 million, an increase of 3.2 percent, compared to total consolidated revenue of $182.5 million in the third quarter of 2008.
  • Adjusted EBITDA1 was $25.9 million for the quarter ended September 30, 2009, an increase of 3.7 percent, compared to $24.9 million during the same period in 20082.
  • Adjusted EBITDAR3 was $30.4 million for the quarter ended September 30, 2009, up 2.3 percent compared to $29.7 million for the same period in 2008.
  • Net income for the quarter ended September 30, 2009 totaled $9.1 million, up 5.6 percent, compared to $8.6 million for the third quarter of 2008.
  • Diluted earnings per common share from continuing operations for the quarter ended September 30, 2009 were $0.25, up 8.7 percent, compared to $0.23 for the same period in 2008. Including the loss per common share from discontinued operations for the quarter ended September 30, 2009, diluted earnings per common share were $0.24. During the third quarter, the Company closed its unprofitable hospice business in Ventura, California, which represented less than five percent of total hospice revenues in the nine-month period ended September 30, 2009.

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