PHC F3Q07 (Qtr End 3/31/07) Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 0

2007-06-18 07:33:37.0

Tags: PHC Inc.

Question-and-Answer Session

Operator

Yes sir. (Operator Instructions). And your first question comes from the line of Darren Lehrich of Deutsche Bank. Please proceed sir.

Darren Lehrich - Deutsche Bank

Hey, good afternoon. Just a couple of housekeeping RN questions; what was the patient day count in the most recent quarter here? And, if you can provide any detail around your in-patient and out-patient revenues on the patient care line that would be helpful. And then Bruce, if you could just remind us the quarterly progression of your beds and service, going forward, getting you to 290 beds in ’08. Thanks.

Bruce Shear

Okay, well, remember the last fiscal year we added the additional twenty adjudicated girl’s bed in Michigan and then that would be followed up with the sixty acute psychiatric beds in Nevada. So, that will get us to the 290 bed number. I don’t have the patient counts in front of me, Darren. I’d be happy to get them to you later, we’re just actually filing the queue as we speak, and the patient days are there, so I’d be happy to get that to you at a further time.

Darren Lehrich - Deutsche Bank

Okay great. And the beds and service at the end of this period was 200 you said?

Bruce Shear

180 beds.

Darren Lehrich - Deutsche Bank

180, okay.

Bruce Shear

Right, and what I did miss, I did miss the third phase of the Michigan beds which are yet to come online, too, which will take us up to the additional fifty to sixty beds to get us up to the 290. I’m sorry I missed that.

Darren Lehrich - Deutsche Bank

Okay, perfect.

Operator

And your next question comes from the line of Robert Damron of 21st Century Equities. Please proceed sir.

Robert Damron - 21st Century Equities

Good afternoon. Nice quarter Bruce. If you could just give us more color on when these hospitals open, both the Vegas and then the expansion in Detroit, do you expect the expanded hospital in Detroit to open first, and then Vegas after that?

Bruce Shear

No. Vegas, as we’ve said all along, will open first. We’re anticipating January of ’08. Construction is ongoing. I’m actually on a plane out there tomorrow morning and we’ve anticipated that the additional beds in Michigan will be later in calendar ’08.

Robert Damron - 21st Century Equities

Okay and do you expect one time costs associated with getting these new facilities up and running, or will most of these costs be capitalized?

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)