MedCath Corporation Reports Fourth Quarter EPS of $.04

MedCath Corporation MDTH today announced operating results for its fourth fiscal quarter.

• Net revenue of $110.5 million, up 6.7% compared to the fourth quarter of fiscal 2009.

• Total admissions increase of 6.9%, and adjusted admissions increase of 12.8%, compared to fourth quarter of fiscal 2009.

• Same facility hospital admissions down 2.9%, and same facility adjusted admissions remained the same compared to the fourth quarter of fiscal 2009.

• Adjusted EBITDA of $9.1 million, excluding share based compensation and other items described below.

• Operating cash flow from continuing operations of $8.1 million.

• EPS from continuing operations of $(1.26) and Adjusted EPS from continuing operations of $0.04, excluding impairment expense, share-based compensation .