BioScrip Reports 2008 Fourth Quarter and Year-End Financial Results

ELMSFORD, N.Y.--(BUSINESS WIRE)--BioScrip, Inc. (Nasdaq: BIOS) today announced a fourth quarter net loss of $76.6 million, or $1.98 per share, on revenues of $366.6 million, which includes a goodwill impairment charge and intangible write off totaling $80.2 million, net of taxes. These results compare to net income of $2.5 million, or $0.06 per diluted share, on revenue of $309.2 million for the fourth quarter of 2007. Excluding the goodwill impairment and intangible write off, the Company would have reported net income of $3.6 million, or $0.09 per diluted share. EBITDAO was $6.6 million for the fourth quarter, compared to $5.9 million for the same period a year ago, a 11.9% increase.