|HTRN 3.09 good chart and recently raised guidance.|
HealthTronics, Inc. Increases Endocare Guidance
AUSTIN, Texas, Jan. 6, 2010 (GLOBE NEWSWIRE) -- HealthTronics, Inc. (Nasdaq:HTRN), a leading provider of urology services and products, today announced that it has updated its financial guidance with respect to the impact of the acquisition of Endocare. Prior guidance was a positive EBITDA contribution of $1.0 to $1.5 million in the fourth quarter of 2009 and an annualized EBITDA contribution of $6.0 to $7.0 million by the end of the first quarter of 2010, each excluding one-time charges. The updated guidance is as follows:
* Positive EBITDA contribution from Endocare of approximately
$2.75 to $3.25 million in the fourth quarter of 2009, excluding
one-time transaction related expense comparable to that incurred
in the third quarter.
* Positive EBITDA contribution from Endocare of $11 to $13 million
in 2010, with the large majority of transaction related expenses
having been incurred in 2009.
James Whittenburg, President and Chief Executive Officer of HealthTronics, commented, "We are very pleased with the performance of the Endocare acquisition to date. Our Endocare technology has benefited from HealthTronics' broad platform and strong financial standing. Physicians globally have reacted positively to our continued commitment to the cryotherapy market. Furthermore, the faster-than-anticipated integration of the two companies and additional cost savings equip us to more aggressively pursue opportunities related to this remarkable technology."
Mr. Whittenburg will be presenting at the upcoming Sidoti & Company Investor Conference on Monday, January 11, 2010 at 8:30 am EST at the Grand Hyatt New York. The presentation may also be downloaded from the company's website, www.healthtronics.com, following the conference.
About HealthTronics, Inc.: HealthTronics is a premier urology company providing an exclusive suite of healthcare services and technology, including urologist partnership opportunities, surgical and capital equipment, maintenance services offerings, and anatomical pathology services. For more information, visit www.healthtronics.com.