PSA’s income jumps by 18%

Sunday, December 14, 2003

December 15, 2003

NORCROSS, Ga. - Pediatric Services of America increased its revenue by 9% to $215.6 million and its operating income by 18% to $10.6 million in FY 2003 over FY 2002.

The company opened two HME branch offices last year and hired a new vice president of sales and marketing

For fiscal year 2004, PSA plans to explore its growth opportunities in the following areas:

- local market opportunities and same store internal growth through the implementation of an aggressive managed care marketing strategy.

- accretive acquisitions

- PPEC centers

- additional branch offices in identified key markets.

While PSA acknowledged that the impact of the 2003 reforms of Medicare cannot yet be determined, the changes may have a material adverse impact on PSA’s operations and financial results.