Medical Properties Trust (MPW) 10-Q 2009 Q3 Quarterly report

Exhibit 99.1

PRIME HEALTHCARE SERVICES INC.
CONSOLIDATED INCOME STATEMENT
YEAR TO DATE SEPTEMEBER 30, 2009

REVENUE
NET PATIENT REVENUE	$	1,129,273,744
CAPITATION REVENUE		17,378,413
OTHER REVENUE		7,094,589
TOTAL OPERATING REVENUE		1,153,746,746
OPERATING EXPENSES
COMPENSATION AND EMPLOYEE BENEFITS		425,260,151
PROVISION FOR DOUBTFUL ACCOUNTS		277,606,227
GENERAL AND ADMINISTRATIVE		128,666,167
MEDICAL SUPPLIES		100,753,710
PROFESSIONAL FEES		24,002,578
DEPRECIATION / AMORTIZATION		16,859,952
MEDICAL CLAIMS		5,093,154
TOTAL OPERATING EXPENSES		978,241,939
NET OPERATING INCOME (LOSS)		175,504,807
INTEREST		18,415,413
INCOME TAX EXPENSE		1,853,002
Income Before Allocation to Non-Controlling Interest		155,236,392
Allocation of Income to Non-Controlling Interest		(85,315,892	)
NET INCOME (LOSS)		69,920,500

PRIME HEALTHCARE SERVICES INC.
BALANCE SHEET
As of September 30, 2009

	Prime
	Total
ASSETS:
Cash and Equivalents	$	60,951,680
Accounts Receivable	$	1,153,833,716
Allowance for Bad Debt		(78,870,792	)
Allowance for Contractuals & Oth Adj		(901,912,933	)
Patient Accounts Receivable	$	173,049,991
Other Receivables	$	2,719,685
Inventories		6,768,328
Other Current Assets		5,476,650
Current Portion of Long-Term Notes Receivable		359,443
Prepaid Insurance		26,569,775
Other Pre-Paid Expenses		5,031,651
Total Current Assets	$	280,927,202
Land and Improvements	$	42,285,328
Buildings and Improvements		72,477,383
Leaseholds		10,906,646
Equipment		136,150,118
Construction-In-Progress		6,649,311
Property and Equipment	$	268,468,786
Less: Accumulated Depreciation		(61,903,275	)
Net Property and Equipment	$	206,565,510
Investments in Property Plant & Equipment	$	8,936,869
Less: Accumulated Depreciation		0
Net Investments in Property, Plant & Equip	$	8,936,869
Long-term notes	$	818,634
Net goodwill		13,707,802
Other intangible assets		41,666
Total Long-Term Assets	$	230,070,481
TOTAL ASSETS	$	510,997,683
LIABILITIES:
Accounts Payable	$	29,049,754
Notes Payable		977,374
Capital Leases		4,607,426
Accrued Payroll		18,343,954
Accrued PTO		23,579,070
Accrued Payroll Taxes		4,445,944
IBNR		5,477,956
Other Accrued Expenses		3,869,475
Third-Party Settlements		(1,820,585	)
Lines of Credit & Other Short-Term Debt		7,301,907
Current Portion of Long-Term Debt		880,600
Other Liabilities		4,591,714
Total Current Liabilities	$	101,304,589
Mortgages and Long-Term Notes Payable	$	223,142,455
Total Intracompany		($9,380,662	)
Deferred Credits	$	8,278,441
Deferred Taxes		0
Other Long-Term Liabilities		25,708,333
Total Long-Term Liabilities	$	247,748,566
TOTAL LIABILITIES	$	349,053,156
EQUITY:
Common Stock	$	1
Additional Paid-in Capital		2,999
Other Equity		0
Retained Earnings PY		96,382,539
Distributions		(89,677,403	)
Net Income		69,920,500
Non — Controlling Interest		85,315,892
TOTAL EQUITY	$	161,944,527
TOTAL LIABILITIES AND EQUITY	$	510,997,683

PRIME HEALTHCARE SERVICES INC.
CONSOLIDATED CASH FLOWS STATEMENT
YTD FOR THE PERIOD ENDED 09/30/09

	Prime
	Total
Cash Flows from Operating Activities:
Change in Net Income	$	155,236,392
Adj from Operating Activities:
Depreciation and Amortization	$	16,815,576
Other Deferred Income/Expense		(12,890,430	)
(Increase)/Decrease in Assets:
Patient Accounts Receivable	$	5,196,291
Supplies Inventory		(887,997	)
Pre-Paid Expenses & Oth Current Assets		1,994,380
Other Receivables		452,605
Long-Term Receivables		(818,634	)
Increase/(Decrease) in Liabilities:
Accounts and Notes Payable		($20,893,010	)
Accrued Payroll Costs		(12,071,451	)
IBNR		1,489,794
Other Accrued Liabilities		(3,184,633	)
Estimated 3rd Party Settlements		(533,259	)
Net Cash From (For) Operating Activities	$	129,905,624
Cash Flows from Investing Activities:
Capital Expenditures	$	3,900,296
Payments to Acquire Other Assets		55,555
Net Cash From (For) Investing Activities	$	3,955,851
Cash Flows from Financing Activities:
Funds Provided (to) from Intercompany	$	2,986,766
Funds Provided (to) from Related Party		(7,704,562	)
Borrow (Re-Payment) of Debt		(4,008,737	)
Capital Lease Obligations (Re-Payment)		1,908,173
Parent Contributions / (Distributions)		(110,968,122	)
Payments for Acquisition		0
Net Cash From (For) Financing Activities		($117,786,481	)
Net Change in Cash and Cash Equivalents	$	16,074,993
Beginning Cash Balance	$	44,876,687
Ending Cash Balance	$	60,951,680

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