SOURCE: Ziegler


February 09, 2010 09:20 ET

Ziegler Announces Fourth Quarter Financial Results

CHICAGO, IL--(Marketwire - February 9, 2010) - The Ziegler Companies, Inc. (PINKSHEETS: ZGCO), a diversified financial services holding company, today released its financial results for the year ending December 31, 2009.

For the quarter ended December 31, 2009, total revenues were $33,195,000 compared to $24,066,000 in the fourth quarter of 2008. Net income for the fourth quarter of 2009 was $2,317,000 or $1.80 per basic and diluted share compared to a net loss of $1,247,000 or 98 cents per basic and diluted share in the fourth quarter of 2008.

For the full year ended December 31, 2009, total revenues were $88,748,000 compared to $81,762,000 for the same period in 2008. Net income for the year was $779,000 or 60 cents per basic and diluted share in 2009 compared to a net loss of $1,301,000 or $1.04 per basic and diluted share for the same period in 2008. Year over year, book value increased by $.31 per share as a result of earnings offset by fair value adjustments to proprietary investment positions that were charged directly to owners' equity in accordance with generally accepted accounting principles.

"Our firm turned a corner in the second half of 2009. The concurrent narrowing of credit spreads and return of demand for fixed income securities set the stage for a resumption of underwriting activity. Over the past several months, we have successfully brought to market over one billion dollars of senior living debt. The end result was solid profitability in the second half, a trend that we expect will continue into the new year," said Thomas R. Paprocki, newly-appointed CEO of The Ziegler Companies, Inc.

For access to Ziegler's press releases and financial statements as they are released, please visit

About Ziegler:

The Ziegler Companies, Inc. (PINKSHEETS: ZGCO) is a growth-oriented boutique investment services firm with a primary focus in the healthcare, senior living and church and school sectors. Operations encompass capital markets (capital advisory services, bond underwriting, mortgage banking, institutional sales and trading) and wealth management, including asset management and alternative investments.

Nationally, Ziegler's Capital Markets is ranked as one of the leading investment banking firms for non-profit healthcare and senior living providers, as well as religious institutions and schools.

Ziegler Wealth Management (retail brokerage) encompasses investment and consulting services for individuals, families, business owners and institutions nationwide.

Ziegler's alternative investing activities include raising and deploying capital through private investment funds with investment objectives related to the real estate, services and technology sectors of the healthcare and senior living industries.

Ziegler Capital Management, LLC provides separate account management for individuals, corporations, foundations and endowments. Total assets under management are approximately $2.5 billion.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.

Contact Information