Medical Properties Trust (MPW) 10-Q 2010 Q3 Quarterly report

Exhibit 99.1

PRIME HEALTHCARE SERVICES INC.
CONSOLIDATED INCOME STATEMENT
YTD Sept 30th, 2010

	YTD
	Sept 2010
REVENUE
NET PATIENT REVENUE	$	1,079,531,325
CAPITATION REVENUE		18,780,789
OTHER REVENUE		9,809,148
TOTAL OPERATING REVENUE		1,108,121,262
OPERATING EXPENSES
COMPENSATION AND EMPLOYEE BENEFITS		404,937,080
PROVISION FOR DOUBTFUL ACCOUNTS		227,537,746
GENERAL AND ADMINISTRATIVE		88,244,480
SUPPLIES		98,799,640
PROFESSIONAL SERVICES		79,968,055
DEPRECIATION / AMORTIZATION		20,103,730
MEDICAL CLAIMS		2,382,147
TOTAL OPERATING EXPENSES		921,972,878
NET OPERATING INCOME (LOSS)		186,148,384
INTEREST		21,776,182
INCOME TAX EXPENSE		918,500
Income Before Allocation to Non-Controlling Interest		163,453,702
Allocation of Income to Non-Controlling Interest		(92,317,515	)
NET INCOME (LOSS)		71,136,187

PRIME HEALTCARE SERVICES INC.
BALANCE SHEET
As of Sep 30, 2010

	As of
	Sept 30, 2010
ASSETS:
Cash and Equivalents	$	201,849,078
Accounts Receivable	$	906,842,476
Allowance for Bad Debt		(71,580,084	)
Allowance for Contractuals & Oth Adj		(631,160,331	)
Patient Accounts Receivable	$	204,102,061
Other Receivables	$	4,101,930
Inventories		5,556,819
Other Current Assets		1,148,892
Current Portion of Long-Term Notes Receivable		2,000,000
Current Portion of Related Party Long-Term Notes Rec		0
Prepaid Insurance		53,930,997
Other Pre-Paid Expenses		4,171,492
Total Current Assets	$	476,861,269
Land and Improvements	$	38,515,973
Buildings and Improvements		67,604,100
Leaseholds		14,070,297
Equipment		169,464,233
Construction-In-Progress		8,140,738
Property and Equipment	$	297,795,340
Less: Accumulated Depreciation		(88,843,987	)
Net Property and Equipment	$	208,951,354
Investments in Property Plant & Equipment	$	11,813,481
Less: Accumulated Depreciation		0
Net Investments in Property, Plant & Equip	$	11,813,481
Long-term notes	$	0
Related Party Long-term portion Notes Recv		128,890,834
Net goodwill		13,707,802
Other intangible assets		8,465,784
Total Long-Term Assets	$	371,829,255
TOTAL ASSETS	$	848,690,523
LIABILITIES:
Accounts Payable	$	28,857,859
Notes Payable		206,438
Capital Leases		2,952,818
Accrued Payroll		16,860,719
Accrued PTO		24,251,368
Accrued Payroll Taxes		4,689,136
IBNR		4,128,009
Other Accrued Expenses		3,131,711
Third-Party Settlements		(8,101,909	)
Lines of Credit & Other Short-Term Debt		10,268,304
Current Portion of Long-Term Debt		0
Current Portion of Related Party Notes Payable		0
Other Liabilities		833,139
Total Current Liabilities	$	88,077,592
Mortgages and Long-Term Notes Payable	$	97,973,797
Related Party Notes Payable	$	128,890,396
Total Intracompany	$	300,269
Deferred Credits	$	3,414,474
Deferred Taxes		0
Other Long-Term Liabilities		241,512,056
Total Long-Term Liabilities	$	472,090,992
TOTAL LIABILITIES	$	560,168,584
EQUITY:
Common Stock	$	1,350,000
Additional Paid-in Capital		14,507,888
Other Equity		0
Retained Earnings PY		159,210,350
Distributions		(50,000,000	)
Net Income		71,136,187
Non — Controlling Interest		92,317,515
TOTAL EQUITY	$	288,521,940
TOTAL LIABILITIES AND EQUITY	$	848,690,523

PRIME HEALTHCARE SERVICES INC.
CONSOLIDATED CASH FLOWS STATEMENT
YTD FOR THE PERIOD ENDED SEPT 30th, 2010

	YTD
	Sep-10
Cash Flows from Operating Activities:
Change in Net Income	$	163,453,702
Adj from Operating Activities:
Depreciation and Amortization	$	19,612,162
Other Deferred Income/Expense		(2,904,259	)
(Increase)/Decrease in Assets:
Patient Accounts Receivable		($14,159,220	)
Supplies Inventory		(407,430	)
Pre-Paid Expenses & Oth Current Assets		8,355,033
Other Receivables		(1,391,490	)
Long-Term Receivables		(128,890,834	)
Increase/(Decrease) in Liabilities:
Accounts and Notes Payable		($16,524,475	)
Accrued Payroll Costs		8,089,138
IBNR		(1,266,317	)
Other Accrued Liabilities		(2,100,105	)
Estimated 3rd Party Settlements		(1,345,010	)
Net Cash From (For) Operating Activities	$	30,520,894
Cash Flows from Investing Activities:
Capital Expenditures		($23,071,133	)
Payments to Acquire Other Assets		(8,451,896	)
Net Cash From (For) Investing Activities		($31,523,028	)
Cash Flows from Financing Activities:
Funds Provided (to) from Intercompany	$	14,214,370
Funds Provided (to) from Related Party		(13,105,378	)
Borrow (Re-Payment) of Debt		211,489,752
Capital Lease Obligations (Re-Payment)		(6,450,659	)
Parent Contributions / (Distributions)		(49,300,336	)
Payments for Acquisition		0
Net Cash From (For) Financing Activities	$	156,847,749
Net Change in Cash and Cash Equivalents	$	155,845,615
Beginning Cash Balance	$	46,003,463
Ending Cash Balance	$	201,849,078

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