Skilled Healthcare Group, Inc. (NYSE:SKH) announced its consolidated financial operating results for the three- and nine-month period ended September 30, 2011. Revenue for the quarter ended September 30, 2011 was $217.2 million, an increase of 3.8 percent when compared to $209.2 million in the third quarter of 2010. Skilled Mix increased 10 basis points to 22.7 percent in the third quarter of 2011 from 22.6 percent in the third quarter of 2010. Quality mix in the third quarter of 2011 increased 230 basis points to 70.8 percent, compared to 68.5 percent in the prior year period. Adjusted EBITDA was $33.9 million, or 15.6 percent of revenue, for the quarter ended September 30, 2011, an increase of 10.8 percent compared to $30.6 million, or 14.6 percent of revenue, in the same period a year ago. Adjusted EBITDAR was $38.3 million, or 17.6 percent of revenue, for the quarter ended September 30, 2011, up 8.2 percent compared to $35.4 million, or 16.9 percent of revenue, for the quarter ended September 30, 2010.
Skilled Healthcare Group, Inc., through its subsidiaries, operates skilled nursing facilities, assisted living facilities, hospices, home health providers, and a rehabilitation therapy business.
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November 10th, 2011 at 02:34 pm