Medical Properties Trust (MPW) 10-Q 2008 Q3 Quarterly report

Exhibit 99.1

PRIME HEALTHCARE SERVICES INC.
CONSOLIDATED INCOME STATEMENT
YEAR TO DATE SEPTEMBER 30, 2008

REVENUE
NET PATIENT REVENUE	956,381,726
CAPITATION REVENUE	18,508,064
OTHER REVENUE	11,605,913
TOTAL OPERATING REVENUE	986,495,703
OPERATING EXPENSES
COMPENSATION AND EMPLOYEE BENEFITS	351,382,778
PROVISION FOR DOUBTFUL ACCOUNTS	295,391,380
GENERAL AND ADMINISTRATIVE	86,601,086
MEDICAL SUPPLIES	71,223,278
PROFESSIONAL FEES	54,691,042
DEPRECIATION/AMORTIZATION	11,343,639
MEDICAL CLAIMS	3,656,668
TOTAL OPERATING EXPENSES	874,289,871
NET OPERATING INCOME (LOSS)	112,205,832
INTEREST	12,480,022
INCOME TAX EXPENSE	1,840,752
Income Before Allocation to Non-Controlling Interest	97,885,058
Allocation of Income to Non-Controlling Interest	(63,825,168	)
NET INCOME (LOSS)	34,059,890

1

Prime Healthcare Services
Balance Sheet
As of September 30, 2008

	Total
ASSETS:
Cash and equivalents	$	15,363,044
Accounts Receivable	$	1,141,489,877
Allowance for Bad Debt		(221,488,106	)
Allowance for Contractuals & Oth Adj		(739,667,387	)
Patient Accounts Receivable	$	180,334,384
Other Receivables		9,549,288
Inventories		8,132,290
Other Current Assets/Deposits		12,328,615
Current Portion of Long-Term Notes		2,653,074
Prepaid Insurance		16,844,450
Other Pre-Paid Expenses		4,599,989
Current assets	$	249,805,134
Land and Improvements	$	34,310,000
Buildings and Improvements		46,838,859
Leaseholds		7,480,866
Equipment		119,659,078
Construction-In-Progress		19,636,972
Property and Equipment	$	227,925,775
Less: Accumulated Depreciation		(36,040,714	)
Net Property and Equipment	$	191,885,061
Long-term notes	$	21,990,720
Investments		0
Net goodwill		13,707,802
Other intangible assets		182,251
Long-Term Assets	$	227,765,834
TOTAL ASSETS	$	477,570,968
LIABILITIES:
Accounts Payable	$	35,116,495
Notes Payable		24,901,282
Accrued Payroll		15,233,166
Accrued PTO		15,703,009
Accrued Payroll Taxes		4,701,383
IBNR		3,820,269
Other Accrued Expenses		3,869,682
Third-Party Settlements		321,374
Current Portion Long Term Debt/ Cap Lse		5,812,242
Other Liabilities		6,922,266
Current Liabilities	$	116,401,168
Sale/Lease Back	$	98,000,000
Total Intercompany	$	0
Total Intracompany	$	15,803,560
Deferred Credits		964,759
Deferred Taxes		0
Other Long-Term Liabilities		84,656,696
Total Long-Term Liabilities	$	199,425,015
TOTAL LIABILITIES	$	315,826,183
EQUITY:
Common Stock	$	1
Additional Paid-in Capital		8,761,943
Note Receivable From Related Party		(35,762,558	)
Retained Earnings PY		90,860,340
Distributions		0
Non Controlling Interest		63,825,168
Net Income		34,059,890
TOTAL EQUITY	$	161,744,784
TOTAL LIABILITIES AND EQUITY	$	477,570,968

2

Prime Healthcare Services Inc.
Cash Flow; September 30, 2008

Cash Flow From Operations:
Net Income	97,885,058
Depreciation	9,214,866
Amortization	0
Minority Interest	0
(Inc)/Dec in A/R	(71,466,510	)
(Inc)/Dec in Inventory	(4,212,718	)
(Inc)/Dec in Prepaids	12,695,528
(Inc)/Dec in Other Receivables	(8,464,112	)
Inc/(Dec) in Payroll Payables	21,602,454
Inc/(Dec) in Accrued Payables	6,714,787
Inc/(Dec) in IBNR	(2,008,050	)
Inc/(Dec) in Other Liabilities	(16,240,175	)
Inc/(Dec) in Fiscal Inter	1,237,131
Inc/(Dec) in Other Acc Exp	0
Total Cash From Operations	46,958,259
Cash Flow From Investing
Capital Expenditures	(64,433,454	)
Pmts to Acquire Other Assets	(24,848,739	)
Total Cash From Investing	(89,282,193	)
Cash Flow From Financing
Funds Provided (to) from Related Party	6,130,389
Distributions to Share Holders	0
Shareholder Contrbution	0
Borrow (Repayment) of Debt	6,378,404
(Repayment) of Capital Leases	(875,392	)
Net Proceeds From Owners Contribution	9,150,613
Pmt for Acquisition	0
Total Cash Flow From Financing/Dist	20,784,014
Total Cash Flow	(21,539,921	)
Beginning Cash Balance	36,902,965
Ending Cash Balance	15,363,044

3