For the six months ended December 31, 2012, SunLink reported net earnings of $2,511,000, or $0.27 per fully diluted share, compared to a net loss of $2,490,000, or a loss of $0.27 per share, for the six months ended December 31, 2011. For the six months ended December 31, 2012, SunLink reported a loss from continuing operations of $3,017,000, or a loss of $0.32 per fully diluted share, compared to a loss of $3,140,000, or a loss of $0.34 per fully diluted share, for the comparable period last year.
Consolidated net revenues from continuing operations for the six months ended December 31, 2012 decreased by 3.0% to $53,540,000 compared to $55,202,000 in the comparable period a year ago. The Healthcare Facilities Segment had net revenues in the six months ended December 31, 2012 of $37,551,000 compared to $36,775,000 for the comparable period a year ago. The Specialty Pharmacy Segment had $15,989,000 of net revenues for the six months ended December 31, 2012 compared to $18,427,000 last year.
SunLink had an operating loss from continuing operations for the six months ended December 31, 2012 of $3,465,000 compared to an operating loss of $2,568,000 for the six months ended December 31, 2011. Adjusted EBITDA for SunLink’s Healthcare Facilities Segment was $1,046,000 in the six months ended December 31, 2012, compared to $1,637,000 for the comparable period last year. Adjusted EBITDA for the six months ended December 31, 2012 for the Specialty Pharmacy Segment was $204,000 compared to $239,000 for the comparable period last year.
SunLink Health Systems, Inc. is the parent company of subsidiaries that operate hospitals and related businesses in the Southeast and Midwest, and a specialty pharmacy company in Louisiana. Each hospital is the only hospital in its community and is operated locally with a strategy of linking patients’ needs with dedicated physicians and healthcare professionals to deliver quality efficient medical care. For additional information on SunLink Health Systems, Inc., please visit the company’s website at www.sunlinkhealth.com.This press release may contain certain statements of a forward-looking nature. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. The Company has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements.
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