IASIS Healthcare Revises Third Quarter 2004 Earnings Release; Combined Results Unchanged

IASIS Healthcare(R) LLC (IASIS LLC) today announced that it has revised the presentation of the statements of operations and cash flows of IASIS LLC and its predecessor, IASIS Healthcare Corporation (IASIS), for the three and nine months ended June 30, 2004. This change in presentation does not alter the results of operations, including adjusted EBITDA and net earnings, of IASIS LLC and IASIS on a combined basis. The loss on early extinguishment of debt of $51.9 million incurred in connection with the acquisition of IASIS, previously reported as an expense of IASIS LLC for the period from June 23, 2004 to June 30, 2004, is now reflected as an expense of IASIS for the period from April 1, 2004 through June 22, 2004. The change in presentation includes a corresponding $51.9 million increase in unallocated purchase price and member's equity at June 30, 2004. In addition, IASIS LLC has increased its unallocated purchase price of IASIS by $12.6 million reflecting the reduction of the predecessor's net equity carrying value for merger-related expenses. The preliminary purchase price allocation, including unallocated purchase price, is subject to IASIS LLC's obtaining a final valuation prepared by an independent appraiser.
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