Kinetic Concepts Reports Preliminary Third Quarter Financial Results

Kinetic Concepts

today reported certain preliminary third quarter 2011 financial results. The Company is providing this information to assist prospective debt financing sources in evaluating the Company's results of operations. Preliminary total revenue for the third quarter of 2011 was $529.0 million to $533.0 million, an increase of 4% to 5% from the third quarter of 2010. Foreign currency exchange movements favorably impacted total revenue by approximately 2% for the third quarter of 2011 compared to the corresponding period of the prior year. Preliminary net earnings for the third quarter of 2011 were $89.0 million to $93.0 million, an increase of 17% to 23% compared to $75.8 million for the same period one year ago. On a non-GAAP basis, excluding the effects of certain acquisition-related costs associated with our 2008 purchase of LifeCell and charges recorded in the third quarter of 2011 associated with restructuring activities and with our anticipated merger, preliminary net earnings were $104.1 million to $108.1 million for the third quarter of 2011, up 21% to 25% from the same period of the prior year. Preliminary Adjusted EBITDA was $742.3 million to $746.3 million for the twelve month period ended September 30, 2011. Preliminary total cash at quarter end was $656.8 million compared to $316.6 million at December 31, 2010.