KING OF PRUSSIA, Pa., Sept. 8 /PRNewswire-FirstCall/ -- Universal Health
Services, Inc. (NYSE: UHS) announced today that it has signed a definitive
agreement to sell Central Montgomery Medical Center, a 125 bed acute care
hospital located in Lansdale, Pennsylvania to Abington Memorial Hospital. The
sale is subject to customary regulatory approvals and we expect the closing to
occur later this fall.
UHS also announced that it completed the acquisition of SummitRidge
Hospital located in Lawrenceville, Georgia. SummitRidge is a behavioral health
hospital with 76 beds, consisting of 26 adolescent beds and 50 adult beds and
also provides hospitalization and outpatient programs for adolescents, adults
and gero-psychiatric patients. In addition UHS announced that it has completed
the renovation of the 120-bed Central Florida Behavioral Hospital and expects
to receive licensure and open for business before the end of the month. Both
of these hospitals complement existing facilities in the Atlanta and Orlando
markets and will provide an opportunity to offer new programs and services in
each market.
Universal Health Services, Inc. is one of the nation's largest hospital
companies, operating acute care and behavioral health hospitals and ambulatory
centers nationwide and in Puerto Rico. It acts as the advisor to Universal
Health Realty Income Trust, a real estate investment trust (NYSE: UHT). For
additional information on the Company, visit our web site:
http://www.uhsinc.com.
This press release contains forward-looking statements based on current
management expectations. Numerous factors, including those disclosed herein,
those related to healthcare industry trends and those detailed in our filings
with the Securities and Exchange Commission (as set forth in Item 1A-Risk
Factors in our Form 10-K for the year ended December 31, 2007 and in Item 2-
Forward-Looking Statements and Risk Factors in our Form 10-Q for the quarterly
period ended June 30, 2008), may cause results to differ materially from those
anticipated in the forward-looking statements. Many of the factors that will
determine our future results are beyond our capability to control or predict.
These statements are subject to risks and uncertainties and therefore actual
results may differ materially. Readers should not place undue reliance on
such forward-looking statements which reflect management's view only as of the
date hereof. We undertake no obligation to revise or update any forward-
looking statements, or to make any other forward-looking statements, whether
as a result of new information, future events or otherwise.
SOURCE Universal Health Services, Inc.
09/08/2008
CONTACT:
Steve Filton, Chief Financial Officer, 1-610-768-3300
Web site: http://www.uhsinc.com
(UHS UHT)
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