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Universal Health Services, Inc. Reports 2008 Third Quarter Results
Consolidated Results of Operations:
KING OF PRUSSIA, Pa., Oct 27, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that its net income was $37.0 million, or $.73 per diluted share, during the third quarter ended September 30, 2008, representing a 14% increase over the adjusted net income per diluted share earned during the third quarter of 2007, as discussed below. Net income was $152.9 million, or $3.00 per diluted share, during the nine-month period ended September 30, 2008, representing a 29% increase over the adjusted net income per diluted share earned during nine-month period ended September 30, 2007.

Reported net income was $28.9 million, or $.54 per diluted share, during the three-month period ended September 30, 2007 and $130.4 million, or $2.43 per diluted share, during the nine-month period ended September 30, 2007. After adjusting our 2007 results for the items indicated on the attached Schedules of Non-GAAP Supplemental Consolidated Statements of Income Information ("Supplemental Schedule"), our adjusted net income was $34.1 million, or $.64 per diluted share, during the third quarter of 2007 and $124.7 million, or $2.32 per diluted share, during the nine-month period ended September 30, 2007. As indicated on the Supplemental Schedules, the combined net impact of the various favorable and unfavorable items included in our net income during the 2007 periods amounted to: (i) an unfavorable $5.3 million, or $.10 per diluted share, during the three-month period ended September 30, 2007, and; (ii) a favorable $5.8 million, or $.11 per diluted share, during the nine-month period ended September 30, 2007.

Net revenues increased 7% to $1.24 billion during the third quarter of 2008 as compared to $1.16 billion during the third quarter of 2007. Net revenues increased 8% to $3.79 billion during the nine-month period ended September 30, 2008 as compared to $3.51 billion during the nine-month period ended September 30, 2007.

Acute Care Services:

At our acute care hospitals owned during both periods ("same facility basis"), inpatient admissions decreased 0.8% and patient days decreased 1.9% during the third quarter of 2008 as compared to the third quarter of 2007. On a same facility basis, net revenues at our acute care facilities increased 2.5% during the third quarter of 2008 as compared to the comparable prior year quarter. Net revenue per adjusted admission at these facilities increased 3.7% during the third quarter of 2008 over the comparable prior year quarter. On a same facility basis, the operating margin (net revenues less salaries, wages and benefits, other operating expenses, supplies expense and provision for doubtful accounts) at our acute care hospitals decreased to 11.8% during the third quarter of 2008 as compared to 12.6% during the third quarter of 2007.

On a same facility basis, inpatient admissions at our acute care facilities increased 0.2% and patient days increased 0.6% during the nine- month period ended September 30, 2008 as compared to the comparable period of the prior year. Net revenues at these facilities increased 5.6% during the nine-month period ended September 30, 2008 as compared to the comparable prior year period. Net revenue per adjusted admission at these facilities increased 5.3% during the nine-month period ended September 30, 2008 over the comparable prior year period. On a same facility basis, the operating margin at our acute care hospitals increased to 14.7% during the first nine months of 2008 as compared to 13.7% during the comparable nine months of 2007.

We provide care to patients who meet certain financial or economic criteria without charge or at amounts substantially less than our established rates. Because we do not pursue collection of amounts determined to qualify as charity care, they are not reported in net revenues or in accounts receivable, net. Our acute care hospitals provided charity care and uninsured discounts, based on charges at established rates, amounting to $154 million and $148 million during the three-month periods ended September 30, 2008 and 2007, respectively, and $451 million and $422 million during the nine-month periods ended September 30, 2008 and 2007, respectively.

Behavioral Health Care Services:

At our behavioral health facilities, on a same facility basis, inpatient admissions increased 8.5% and patient days increased 3.9% during the third quarter of 2008 as compared to the third quarter of 2007. On a same facility basis, net revenues at our behavioral health facilities increased 9.5% during the third quarter of 2008 as compared to the comparable prior year quarter. Net revenue per adjusted patient day at these facilities increased 5.3% during the third quarter of 2008 as compared to the comparable quarter of the prior year. The operating margin at our behavioral health facilities owned during both periods increased to 23.7% during the third quarter of 2008 as compared to 22.3% during the third quarter of 2007.

On a same facility basis, inpatient admissions increased 8.3% and patient days increased 4.4% during the first nine months of 2008 over the comparable prior year period. On a same facility basis, net revenues at our behavioral health facilities increased 8.8% during the nine-month period ended September 30, 2008 as compared to the comparable period of the prior year. Net revenue per adjusted patient day at these facilities increased 4.5% during the nine- month period ended September 30, 2008 over the comparable period of the prior year. The operating margin at our behavioral health facilities owned during both periods increased to 24.1% during the first nine months of 2008 as compared to 23.2% during the comparable period of the prior year.

Other Matters:

As previously announced, we entered into a definitive agreement to sell Central Montgomery Medical Center, a 125-bed acute care hospital located in Lansdale, Pennsylvania. The sale, which is subject to customary regulatory approval, is scheduled to close by early November, 2008. The operating results of this facility are reflected as "Income/(loss) from discontinued operations, net of income taxes", on the Consolidated Statements of Income for the three and nine-month periods ended September 30, 2008 and 2007. The assets and liabilities of this facility are reflected as "current/long-term assets held for sale" and "current liabilities held for sale" on the Consolidated Balance Sheet as of September 30, 2008.

Conference Call Information:

We will hold a conference call for investors and analysts at 9:00 a.m. eastern time on October 28, 2008. The dial-in number is 1-877-648-7971. A digital recording of the conference call will be available two hours after the completion of the conference call on October 28, 2008 and will continue through midnight on November 11, 2008. The recording can be accessed by calling 1-800-642-1687 and entering the conference ID number 68544706. This call will also be available live over the internet at our web site at www.uhsinc.com. It will also be distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at http://www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

General Information, Forward-Looking Statements and Risk Factors and Non- GAAP Financial Measures:

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.

We believe that operating income, operating margin, adjusted income from continuing operations, adjusted income from continuing operations per diluted share, adjusted net income, adjusted net income per diluted share and earnings before interest, taxes, depreciation and amortization ("EBITDA"), which are non-GAAP financial measures ("GAAP" is Generally Accepted Accounting Principles in the United States of America), are helpful to our investors as measures of our operating performance. In addition, we believe that it is helpful to our investors to present, compare and discuss our financial results after the effect of items that are nonrecurring or non-operational in nature has been neutralized. Such items include, but are not limited to, gains on sales of assets and businesses, adjustments to reserves for self-insured claims, reserves for legal judgments, lawsuits and other settlements and other amounts that may be reflected in the current or prior year financial statements that relate to prior periods. To obtain a complete understanding of our financial performance these measures should be examined in connection with net income, determined in accordance with GAAP, as presented in the condensed consolidated financial statements and notes thereto in this report or in our other filings with the Securities and Exchange Commission including our Report on Form 10-K for the year ended December 31, 2007 and Report on Form 10-Q for the quarterly period ended June 30, 2008. Since the items included or excluded from these measures are significant components in understanding and assessing financial performance under GAAP, these measures should not be considered to be alternatives to net income as a measure of our operating performance or profitability. Since these measures, as presented, are not determined in accordance with GAAP and are thus susceptible to varying calculations, they may not be comparable to other similarly titled measures of other companies. Investors are encouraged to use GAAP measures when evaluating our financial performance.



                         Universal Health Services, Inc.
                        Consolidated Statements of Income
                     (in thousands, except per share amounts)
                                   (unaudited)

                                      Three months            Nine months
                                   ended September 30,     ended September 30,
                                    2008        2007        2008        2007

    Net revenues               $1,244,462  $1,163,605  $3,785,015  $3,505,813

    Operating charges:
       Salaries, wages and
        benefits                  530,858     502,361   1,600,514   1,494,553
       Other operating
        expenses                  269,299     261,637     777,257     737,240
       Supplies expense           170,743     160,190     524,246     499,930
       Provision for doubtful
        accounts                  125,003     108,639     365,446     308,363
       Depreciation and
        amortization               48,465      45,898     142,544     133,343
       Lease and rental
        expense                    17,600      17,838      53,021      50,405
       Hurricane related
        expenses, net                 -            82         -           707
                                1,161,968   1,096,645   3,463,028   3,224,541

    Income before interest
     expense, minority
     interests and
     income taxes                  82,494      66,960     321,987     281,272


    Interest expense, net          13,419      12,881      40,147      38,643
    Minority interests in earnings
     of consolidated entities       9,316       9,784      34,022      32,651

    Income before income taxes     59,759      44,295     247,818     209,978

    Provision for income taxes     22,536      14,961      95,352      79,177

    Income from continuing
     operations                    37,223      29,334     152,466     130,801

    (Loss) income from
     discontinued operations,
     net of income taxes             (226)       (480)        434        (368)


    Net income                    $36,997     $28,854    $152,900    $130,433


    Basic earnings per share:
         From continuing
          operations                $0.73       $0.55       $3.00       $2.45
         From discontinued
          operations                 0.00       (0.01)       0.01       (0.01)
            Total basic earnings
             per share              $0.73       $0.54       $3.01       $2.44

    Diluted earnings per
     share:
         From continuing
          operations                $0.73       $0.55       $2.99       $2.44
         From discontinued
          operations                 0.00       (0.01)       0.01       (0.01)
            Total diluted
             earnings per share     $0.73       $0.54       $3.00       $2.43


    Weighted average number of
     common shares                 50,544      53,481      50,812      53,491
    Other share equivalents           217         148         157         190
    Weighted average number of
     common shares and equiv.
     - diluted                     50,761      53,629      50,969      53,681



                         Universal Health Services, Inc.
       Schedule of Non-GAAP Supplemental Consolidated Statements of Income
                      Information ("Supplemental Schedule")
              For the three months ended September 30, 2008 and 2007
                     (in thousands, except per share amounts)
                                   (unaudited)

                                       Three months ended  Three months ended
                                       September 30, 2008  September 30, 2007


    Net revenues                       $1,244,462  100.0%  $1,163,605  100.0%

    Operating charges:
       Salaries, wages and benefits       530,858   42.7%     502,361   43.2%
       Other operating expenses           269,299   21.6%     261,637   22.5%
       Supplies expense                   170,743   13.7%     160,190   13.8%
       Provision for doubtful accounts    125,003   10.0%     108,639    9.3%
                                        1,095,903   88.1%   1,032,827   88.8%

    Operating income/margin               148,559   11.9%     130,778   11.2%

       Lease and rental expense            17,600              17,838
       Minority interests in earnings
        of consolidated entities            9,316               9,784

    Earnings before hurricane related
     expenses, depreciation and
     amortization, interest expense,
     and income taxes ("EBITDA")          121,643             103,156

       Hurricane related expenses, net        -                    82
       Depreciation and amortization       48,465              45,898
       Interest expense, net               13,419              12,881

    Income before income taxes             59,759              44,295

    Provision for income taxes             22,536              14,961

    Income from continuing operations      37,223              29,334

    Income (loss) from discontinued
     operations, net of income taxes         (226)               (480)

    Net income                            $36,997             $28,854



                                         Three months ended Three months ended
                                         September 30, 2008 September 30, 2007
                                                      Per               Per
                                                    Diluted           Diluted
                                            Amount   Share    Amount   Share
    Calculation of Adjusted Income from
     Continuing Operations
    Income from continuing operations      $37,223   $0.73   $29,334   $0.55
    Plus/minus adjustments:
       Gains, legal judgment, write-down
        of investments in joint-ventures
        and hurricane related expense, net
        of income taxes                        -       -       3,945    0.07
       Unfavorable prior period effect of
        Texas Medicaid supplemental
        payments and cost report settlements,
        net of income taxes                    -       -       3,399    0.07
       Favorable tax reserve adjustment        -       -      (2,079)  (0.04)
    Subtotal after-tax adjustments to
     income from continuing operations         -       -       5,265    0.10
    Adjusted income from continuing
     operations                            $37,223   $0.73   $34,599   $0.65

    Calculation of Adjusted Net Income
    Net income                             $36,997   $0.73   $28,854   $0.54
    After-tax adjustments to income from
     continuing operations, as indicated
     above                                     -       -       5,265    0.10
    Adjusted net income                    $36,997   $0.73   $34,119   $0.64



                         Universal Health Services, Inc.
       Schedule of Non-GAAP Supplemental Consolidated Statements of Income
                      Information ("Supplemental Schedule")
              For the nine months ended September 30, 2008 and 2007
                     (in thousands, except per share amounts)
                                   (unaudited)

                                       Nine months ended   Nine months ended
                                       September 30, 2008  September 30, 2007


    Net revenues                       $3,785,015  100.0%  $3,505,813  100.0%

    Operating charges:
       Salaries, wages and benefits     1,600,514   42.3%   1,494,553   42.6%
       Other operating expenses           777,257   20.5%     737,240   21.0%
       Supplies expense                   524,246   13.9%     499,930   14.3%
       Provision for doubtful accounts    365,446    9.7%     308,363    8.8%
                                        3,267,463   86.3%   3,040,086   86.7%

    Operating income/margin               517,552   13.7%     465,727   13.3%

       Lease and rental expense            53,021              50,405
       Minority interests in earnings
        of consolidated entities           34,022              32,651

    Earnings before hurricane related
     expenses, depreciation and
     amortization, interest expense,
     and income taxes ("EBITDA")          430,509             382,671

       Hurricane related expenses, net        -                   707
       Depreciation and amortization      142,544             133,343
       Interest expense, net               40,147              38,643

    Income before income taxes            247,818             209,978

    Provision for income taxes             95,352              79,177

    Income from continuing operations     152,466             130,801

    Income (loss) from discontinued
     operations, net of income taxes          434                (368)

    Net income                           $152,900            $130,433



                                          Nine months ended  Nine months ended
                                         September 30, 2008 September 30, 2007
                                                     Per              Per
                                                   Diluted          Diluted
                                           Amount   Share   Amount   Share
    Calculation of Adjusted Income from
     Continuing Operations
    Income from continuing operations     $152,466  $2.99  $130,801  $2.44
    Plus/minus adjustments:
       Reduction of reserve for
        professional and general
        liability self-insured claims,
        net of minority interests and
        income taxes                           -      -     (10,045) (0.19)
       Unfavorable prior period effect of
        Texas Medicaid supplemental
        payments and cost report
        settlements, net of income taxes       -      -       3,399   0.07
       Gains, legal judgment, write-down
        of investments in joint-ventures
        and hurricane related expense,
        net of income taxes                    -      -       2,975   0.05
       Favorable tax reserve adjustment        -      -      (2,079) (0.04)
    Subtotal after-tax adjustments to
     income from continuing operations         -      -      (5,750) (0.11)
    Adjusted income from continuing
     operations                           $152,466  $2.99  $125,051  $2.33

    Calculation of Adjusted Net Income
    Net income                            $152,900  $3.00  $130,433  $2.43
    After-tax adjustments to income from
     continuing operations, as indicated
     above                                     -      -      (5,750) (0.11)
    Adjusted net income                   $152,900  $3.00  $124,683  $2.32



                         Universal Health Services, Inc.
                      Condensed Consolidated Balance Sheets
                                 (in thousands)
                                   (unaudited)

                                              September 30,      December 31,
                                                      2008              2007
    Assets:
    Cash and cash equivalents                       $7,805           $16,354
    Accounts receivable, net                       628,973           627,186
    Other current assets                           130,151           131,307
    Current assets held for sale                    10,871               -
    Property, plant and equipment, net           2,015,290         1,933,916
    Other assets                                   874,659           899,894
    Other non current assets held for sale          30,587               -
    Total Assets                                $3,698,336        $3,608,657

    Liabilities and Stockholders' Equity:
    Current portion of long-term debt               $8,260            $3,116
    Other current liabilities                      553,762           484,595
    Current liabilities held for sale                4,221               -
    Other noncurrent liabilities                   362,421           344,755
    Long-term debt                                 935,461         1,008,786
    Deferred income taxes                           35,342            40,022
    Minority interests                             232,555           210,184
    Stockholders' equity                         1,566,314         1,517,199
    Total Liabilities and Stockholders' Equity  $3,698,336        $3,608,657



                         Universal Health Services, Inc.
                      Consolidated Statements of Cash Flows
                                 (in thousands)
                                   (unaudited)
                                                          Nine months
                                                       ended September 30,
                                                      2008              2007

    Cash Flows from Operating Activities:
      Net income                                   $152,900          $130,433
      Adjustments to reconcile net income
       to net cash provided by operating
       activities:
        Depreciation & amortization                 144,711           135,417
      Changes in assets & liabilities,
       net of effects from acquisitions
       and dispositions:
        Accounts receivable                          (7,796)          (17,359)
        Construction management receivable           (1,674)              -
        Accrued interest                             11,290             9,055
        Accrued and deferred income taxes            (3,418)           (6,374)
        Other working capital accounts               35,941            47,558
        Other assets and deferred charges            16,317                37
        Other                                        12,347             2,723
        Minority interest in earnings of
         consolidated entities, net of
         distributions                               15,209             9,041
        Accrued insurance expense, net of
         commercial premiums paid                    58,127            45,275
        Payments made in settlement of
         self-insurance claims                      (38,011)          (33,025)
          Net cash provided by
           operating activities                     395,943           322,781

    Cash Flows from Investing Activities:
        Property and equipment additions,
         net of disposals                          (239,880)         (263,366)
        Proceeds received from sale of
         assets                                      32,634             5,268
        Settlement proceeds received
         related to prior year
         acquisition, net of expenses                 1,539               -
        Investment in joint-venture                  (1,270)              -
        Acquisition of assets and
         businesses                                 (14,775)         (103,159)
        Purchase of minority ownership
         interest in majority owned
         business                                    (1,058)          (14,762)
          Net cash used in investing
           activities                              (222,810)         (376,019)

    Cash Flows from Financing Activities:
        Additional borrowings, net of
         financing costs                            150,155           169,852
        Reduction of long-term debt                (219,311)         (103,846)
        Repurchase of common shares                (104,436)          (14,386)
        Dividends paid                              (12,147)          (12,917)
        Issuance of common stock                      1,751             1,041
        Capital contributions from
         minority member                              2,306            12,129
          Net cash (used in) provided
           by financing activities                 (181,682)           51,873

    Decrease in cash and cash equivalents            (8,549)           (1,365)
    Cash and cash equivalents, beginning of period   16,354            14,939
    Cash and cash equivalents, end of period         $7,805           $13,574

    Supplemental Disclosures of Cash Flow
     Information:
        Interest paid                               $34,198           $35,991

        Income taxes paid, net of refunds           $97,907           $83,894



                                Universal Health Services, Inc.
                           Supplemental Statistical Information
                                          (un-audited)

                                                    % Change         % Change
                                               Quarter Ended    9 months ended
    Same Facility:                                 9/30/2008         9/30/2008

    Acute Care Hospitals
    Revenues                                           2.5%             5.6%
    Adjusted Admissions                               -1.1%             0.3%
    Adjusted Patient Days                             -2.2%             0.6%
    Revenue Per Adjusted Admission                     3.7%             5.3%
    Revenue Per Adjusted Patient Day                   4.8%             5.0%


    Behavioral Health Hospitals

    Revenues                                           9.5%             8.8%
    Adjusted Admissions                                8.5%             8.1%
    Adjusted Patient Days                              4.0%             4.1%
    Revenue Per Adjusted Admission                     0.9%             0.7%
    Revenue Per Adjusted Patient Day                   5.3%             4.5%



    UHS Consolidated             Third Quarter Ended      Nine months Ended
                                9/30/2008   9/30/2007   9/30/2008   9/30/2007

    Revenues                   $1,244,462  $1,163,605  $3,785,015  $3,505,813
    EBITDA   (1)                  121,643     103,156     430,509     382,671
    EBITDA Margin (1)                9.8%        8.9%       11.4%       10.9%

    Cash Flow From Operations     197,477     163,805     395,943     322,781
    Days Sales Outstanding             46          49          46          49
    Capital Expenditures           83,818      78,779     239,880     263,366

    Debt                                                  943,721     903,957
    Shareholders Equity                                 1,566,314   1,534,839
    Debt / Total
     Capitalization                                         37.6%       37.1%
    Debt / EBITDA  (2)                                       1.69        1.85
    Debt / Cash From
     Operations (2)                                          2.24        3.74


    Acute Care EBITDAR
     Margin (3) (4)                 11.7%       11.6%       14.2%       13.9%
    Behavioral Health EBITDAR
     Margin  (3) (4)                23.0%       21.4%       23.5%       23.0%

    (1) Net of Minority Interest
    (2) Latest 4 quarters
    (3) Before Corporate overhead allocation and minority interest
    (4) Excluding discontinued operations


                       UNIVERSAL HEALTH SERVICES, INC.
                        SELECTED HOSPITAL STATISTICS
                         FOR THE THREE MONTHS ENDED
                             SEPTEMBER 30, 2008

    AS REPORTED:

                                  ACUTE (1)            BEHAVIORAL HEALTH
                                               %                          %
                         09/30/08   09/30/07 change  09/30/08  09/30/07 change

    Hospitals owned and
     leased                    22         21   4.8%        83        85 -2.4%
    Average licensed beds   5,450      5,292   3.0%     7,618     7,485  1.8%
    Patient days          286,547    285,505   0.4%   519,362   506,466  2.5%
    Average daily census  3,114.6    3,103.3   0.4%   5,645.2   5,505.1  2.5%
    Occupancy-licensed
     beds                   57.1%      58.6%  -2.5%     74.1%     73.5%  0.8%
    Admissions             64,738     63,448   2.0%    32,786    30,156  8.7%
    Length of stay            4.4        4.5  -1.6%      15.8      16.8 -5.7%

    Inpatient revenue  $2,259,640 $2,044,147  10.5%  $488,986  $452,223  8.1%
    Outpatient revenue    917,982    858,313   7.0%    61,358    54,470 12.6%
    Total patient
     revenue            3,177,622  2,902,460   9.5%   550,344   506,693  8.6%
    Other revenue          18,027     15,313  17.7%     8,183     7,476  9.5%
    Gross hospital
     revenue            3,195,649  2,917,773   9.5%   558,527   514,169  8.6%

    Total deductions    2,296,319  2,071,179  10.9%   247,695   229,156  8.1%

    Net hospital revenue $899,330   $846,594   6.2%  $310,832  $285,013  9.1%



    SAME FACILITY:

                                  ACUTE (2)            BEHAVIORAL HEALTH (3)
                                               %                          %
                         09/30/08   09/30/07 change  09/30/08  09/30/07 change

    Hospitals owned and
     leased                    21         21   0.0%        81        81  0.0%
    Average licensed beds   5,285      5,292  -0.1%     7,455     7,266  2.6%
    Patient days          280,020    285,531  -1.9%   509,708   490,388  3.9%
    Average daily census  3,043.7    3,103.6  -1.9%   5,540.3   5,330.3  3.9%
    Occupancy-licensed
     beds                   57.6%      58.6%  -1.8%     74.3%     73.4%  1.3%
    Admissions             62,912     63,448  -0.8%    32,599    30,041  8.5%
    Length of stay            4.5        4.5  -1.1%      15.6      16.3 -4.2%

(1) Acute care hospitals located in New Orleans and discontinued operations are excluded in 2007 and 2008.

(2) Acute care hospitals located in New Orleans, discontinued operations and Centennial Hills Hospital are excluded in current and prior years.

(3) Casa de Lago, Central Florida, Summit Ridge Hospital and Shenandoah Valley are excluded in both current and prior years. Highlands Behavioral is included in both current and prior years from March 1st through year to date. Dover Behavioral is included in both current and prior years from May 1st through year to date. Foundations Behavioral is included in both current and prior years from July 1st through year to date. Cottonwood Treatment is included in both current and prior years from August 1st through year to date. Broad Horizons, Highlander RTC, Midwest Youth and Vista Group Homes are excluded in both current and prior years from July 1st through year to date.




                     UNIVERSAL HEALTH SERVICES, INC.
                      SELECTED HOSPITAL STATISTICS
                       FOR THE NINE MONTHS ENDED
                           SEPTEMBER 30, 2008

    AS REPORTED:

                                  ACUTE (1)            BEHAVIORAL HEALTH
                                               %                          %
                         09/30/08   09/30/07 change  09/30/08  09/30/07 change

    Hospitals owned and
     leased                   22         21   4.8%         83         85 -2.4%
    Average licensed beds  5,452      5,292   3.0%      7,629      7,269  5.0%
    Patient days         892,689    869,860   2.6%  1,580,086  1,489,301  6.1%
    Average daily census 3,258.0    3,186.3   2.2%    5,766.7    5,455.3  5.7%
    Occupancy-licensed
     beds                  59.8%      60.2%  -0.8%      75.6%      75.0%  0.7%
    Admissions           198,685    193,589   2.6%     98,228     89,268 10.0%
    Length of stay           4.5        4.5  -0.2%       16.1       16.8 -4.2%

    Inpatient revenue $6,999,680 $6,299,927  11.1% $1,467,036 $1,339,098  9.6%
    Outpatient revenue 2,748,382  2,532,815   8.5%    193,281    173,558 11.4%
    Total patient
     revenue           9,748,062  8,832,742  10.4%  1,660,317  1,512,656  9.8%
    Other revenue         55,741     43,780  27.3%     26,234     21,938 19.6%
    Gross hospital
     revenue           9,803,803  8,876,522  10.4%  1,686,551  1,534,594  9.9%

    Total deductions   7,027,440  6,317,760  11.2%    745,545    687,016  8.5%

    Net hospital
     revenue          $2,776,363 $2,558,762   8.5%   $941,006   $847,578 11.0%



    SAME FACILITY:
                                  ACUTE (2)            BEHAVIORAL HEALTH (3)
                                               %                          %
                         09/30/08   09/30/07 change  09/30/08  09/30/07 change

    Hospitals owned and
     leased                   21         21   0.0%         81        81   0.0%
    Average licensed beds  5,287      5,292  -0.1%      7,409     7,191   3.0%
    Patient days         874,718    869,887   0.6%  1,537,496 1,472,453   4.4%
    Average daily census 3,192.4    3,186.4   0.2%    5,611.3   5,393.6   4.0%
    Occupancy-licensed
     beds                  60.4%      60.2%   0.3%      75.7%     75.0%   1.0%
    Admissions           194,013    193,589   0.2%     96,574    89,136   8.3%
    Length of stay           4.5        4.5   0.3%       15.9      16.5  -3.6%

(1) Acute care hospitals located in New Orleans and discontinued operations are excluded in 2007 and 2008.

(2) Acute care hospitals located in New Orleans, discontinued operations and Centennial Hills Hospital are excluded in current and prior years.

(3) Casa de Lago, Central Florida, Summit Ridge Hospital and Shenandoah Valley are excluded in both current and prior years. Highlands Behavioral is included in both current and prior years from March 1st through year to date. Dover Behavioral is included in both current and prior years from May 1st through year to date. Foundations Behavioral is included in both current and prior years from July 1st through year to date. Cottonwood Treatment is included in both current and prior years from August 1st through year to date. Broad Horizons, Highlander RTC, Midwest Youth and Vista Group Homes are excluded in both current and prior years from July 1st through year to date.

SOURCE Universal Health Services, Inc.


http://www.uhsinc.com
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