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Universal Health Services, Inc. Reports Significant Increases In 2009 Second Quarter and Six-Month Earnings, Raises Full Year Guidance
 Consolidated Results of Operations - Three-month periods ended June 30, 2009
                                   and 2008


KING OF PRUSSIA, Pa., July 28 /PRNewswire-FirstCall/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that its reported net income attributable to UHS was $80.9 million, or $1.64 per diluted share, during the second quarter of 2009 as compared to $54.2 million, or $1.06 per diluted share, during the comparable quarter of the prior year. Reported income from continuing operations attributable to UHS was $80.9 million, or $1.64 per diluted share, during the second quarter of 2009 as compared to $55.2 million, or $1.08 per diluted share, during the comparable quarter of the prior year.

As indicated on the attached Schedules of Non-GAAP Supplemental Consolidated Statements of Income Information ("Supplemental Schedules"), included in our income from continuing operations and net income during the three and six-month periods ended June 30, 2009, was a combined $9.8 million, or $.20 per diluted share, consisting of: (i) a favorable after-tax adjustment of $14.1 million, or $.29 per diluted share, resulting from a reduction to our professional and general liability self-insurance reserves relating to years prior to 2009 based upon a reserve analysis, partially offset by; (ii) an unfavorable discrete tax item of $4.3 million, or $.09 per diluted share.

After adjusting the reported results for the second quarter of 2009 to neutralize the net favorable impact of the above-mentioned adjustments (there were no adjustments applicable to the second quarter of 2008), our adjusted income from continuing operations attributable to UHS during the second quarter of 2009 was $71.1 million, or an increase of 33% to $1.44 per diluted share, as compared to $55.2 million, or $1.08 per diluted share, during the comparable quarter of the prior year.

During the second quarter of 2009, adjusted net income attributable to UHS was $71.1 million, or an increase of 36% to $1.44 per diluted share, as compared to $54.2 million, or $1.06 per diluted share during the comparable quarter of the prior year.

Net revenues increased 3% to $1.30 billion during the second quarter of 2009 as compared to $1.26 billion during the second quarter of 2008.

Consolidated Results of Operations - Six-month periods ended June 30, 2009 and 2008:

Reported net income attributable to UHS was $148.4 million, or $3.01 per diluted share, during the six-month period ended June 30, 2009 as compared to $115.9 million, or $2.26 per diluted share, during the comparable six-month period of the prior year. Reported income from continuing operations attributable to UHS was $148.4 million, or $3.01 per diluted share, during the six-month period ended June 30, 2009 as compared to $115.2 million, or $2.25 per diluted share, during the comparable six-month period of the prior year.

As indicated on the attached Supplemental Schedules, during the six-month period ended June 30, 2009, our adjusted income from continuing operations attributable to UHS was $138.6 million, or an increase of 25% to $2.81 per diluted share, as compared to $115.2 million, or $2.25 per diluted share, during the comparable six-month period of the prior year.

Adjusted net income attributable to UHS was $138.6 million, or an increase of 24% to $2.81 per diluted share, during the six-month period ended June 30, 2009, as compared to $115.9 million, or $2.26 per diluted share during the comparable six-month period of the prior year.

Net revenues increased 3% to $2.62 billion during the six-month period ended June 30, 2009 as compared to $2.54 billion during the comparable six-month period of the prior year.

Acute Care Services - Three-month periods ended June 30, 2009 and 2008:

At our acute care hospitals owned during both periods ("same facility basis"), inpatient admissions increased 1.5% while patient days decreased 0.8% during the second quarter of 2009, as compared to the second quarter of 2008. Net revenues at these facilities increased 2.9% during the second quarter of 2009 as compared to the comparable quarter of the prior year. At these facilities, net revenue per adjusted admission decreased 0.2% while net revenue per adjusted patient day increased 2.0% during the second quarter of 2009 as compared to the comparable quarter of the prior year. 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 increased to 16.8% during the second quarter of 2009 as compared to 14.7% during the second quarter of 2008.

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 $181 million and $143 million during the three-month periods ended June 30, 2009 and 2008, respectively.

Acute Care Services - Six-month periods ended June 30, 2009 and 2008:

During the six-month period ended June 30, 2009, on a same facility basis, inpatient admissions to our acute care facilities increased 0.1% while patient days decreased 1.5%, as compared to the comparable period of the prior year. Net revenues at our acute care facilities increased 1.9% during the six-month period ended June 30, 2009 as compared to the comparable period of the prior year. At these facilities, net revenue per adjusted admission increased 0.3% while net revenue per adjusted patient day increased 2.0% during the six-month period ended June 30, 2009 as compared to the comparable period of the prior year. On a same facility basis, the operating margin at our acute care hospitals increased to 17.2% during the six-month period ended June 30, 2009 as compared to 15.5% during the comparable period of the prior year.

Our acute care hospitals provided charity care and uninsured discounts, based on charges at established rates, amounting to $340 million and $296 million during the six-month periods ended June 30, 2009 and 2008, respectively.

Behavioral Health Care Services - Three-month periods ended June 30, 2009 and 2008:

At our behavioral health care facilities, on a same facility basis, inpatient admissions increased 1.5% and patient days increased 1.0% during the second quarter of 2009 as compared to the second quarter of 2008. Net revenues at these facilities increased 4.0% during the second quarter of 2009 as compared to the comparable quarter in the prior year. Net revenue per adjusted patient day at these facilities increased 3.5% during the second quarter of 2009 over the comparable prior year quarter. The operating margin at our behavioral health care facilities owned during both periods was 26.3% during the second quarter of 2009 as compared to 25.1% during the second quarter of 2008.

Behavioral Health Care Services - Six-month periods ended June 30, 2009 and 2008:

During the six-month period ended June 30, 2009, on a same facility basis, inpatient admissions to our behavioral health care facilities increased 1.3% while patient days decreased 0.2%, as compared to the comparable period of the prior year. Net revenues at our behavioral health care facilities increased 3.4% during the six-month period ended June 30, 2009 as compared to the comparable period of the prior year. At these facilities, net revenue per adjusted patient day increased 4.2% during the six-month period ended June 30, 2009 as compared to the comparable prior year period. On a same facility basis, the operating margin at our behavioral health facilities increased to 25.7% during the six-month period ended June 30, 2009 as compared to 24.4% during the comparable period of the prior year.

2009 Full Year Guidance Increased to $4.40 to $4.55 Per Diluted Share:

Based upon the operating trends and financial results experienced during the first six months of 2009, and subject to certain assumptions, provisions and adjustments, including those as set forth below in General Information, Forward-Looking Statements and Risk Factors and Non-GAAP Financial Measures, we are increasing our estimated range of earnings per diluted share from continuing operations for the year ended December 31, 2009 to $4.40 to $4.55 from the previously provided range of $4.00 to $4.15. This revised guidance range excludes the net favorable impact of $.20 per diluted share resulting from the above-mentioned items that were included in our results for the three and six-month periods ended June 30, 2009 (consisting of the favorable impact resulting from the reduction to our professional and general liability self-insurance reserves and the unfavorable impact resulting from the discrete tax item).

Recent Acquisition:

On June 30, 2009, we completed the acquisition of Centennial Peaks Hospital, a 72-bed behavioral health facility located in Louisville, Colorado. Centennial Peaks will provide services to adolescent and adult patients and will compliment our existing services in the high growth Denver-Boulder corridor.

Conference Call Information:

We will hold a conference call for investors and analysts at 9:00 a.m. eastern time on July 29, 2009. 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 July 29, 2009 and will continue through midnight on August 12, 2009. The recording can be accessed by calling 1-800-642-1687 and entering the conference ID number 17867500. This call will also be available live over the internet at our web site at www.uhsinc.com. The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents at www.streetevents.com.

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

Universal Health Services, Inc. ("UHS") 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 and in Item 7-Forward-Looking Statements and Risk Factors in our Form 10-K for the year ended December 31, 2008 and in Item 2-Forward Looking Statements and Risk Factors in our Form 10-Q for the quarterly period ended March 31, 2009), may cause the 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, when applicable, comparing and discussing our financial results based on these measures, as calculated, is helpful to our investors since it neutralizes the effect in each year of items that are nonrecurring or non-operational in nature including items such as, but not limited to, gains on sales of assets and businesses, reserves for settlements, legal judgments and lawsuits 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, 2008 and Report on Form 10-Q for the quarter ended March 31, 2009. 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            Six months
                                 ended June 30,         ended June 30,
                                --------------         --------------
                               2009       2008        2009       2008
                               ----       ----        ----       ----
    Net revenues         $1,303,640 $1,262,577  $2,616,059 $2,540,553

    Operating charges:
       Salaries, wages and
        benefits            541,950    528,081   1,083,247  1,069,656
       Other operating
        expenses            232,894    259,313     506,115    507,958
       Supplies expense     176,411    174,264     350,378    353,503
       Provision for
        doubtful
        accounts            120,670    120,646     239,648    240,443
       Depreciation and
        amortization         51,085     47,336     102,219     94,079
       Lease and rental
        expense              17,587     17,866      34,659     35,421
                             ------     ------      ------     ------
                          1,140,597  1,147,506   2,316,266  2,301,060
                          ---------  ---------   ---------  ---------

    Income from continuing
     operations before
     interest expense
     and income taxes       163,043    115,071     299,793    239,493

    Interest expense, net    11,879     13,249      24,517     26,728
                             ------     ------      ------     ------
    Income from
     continuing
     operations before
     income taxes           151,164    101,822     275,276    212,765

    Provision for
     income taxes            57,187     35,205      99,265     72,816
                             ------     ------      ------     ------

    Income from continuing
     operations              93,977     66,617     176,011    139,949

    Income from continuing
     operations attributable
     to minority interests   13,084     11,427      27,577     24,706
                             ------     ------      ------     ------
    Income from
     continuing
     operations
     attributable to UHS     80,893     55,190     148,434    115,243

    (Loss) income from
     discontinued operations,
     net of income tax
     expense (a)                  -       (950)          -        660
                            -------    -------    --------   --------
    Net income
     attributable to UHS    $80,893    $54,240    $148,434   $115,903
                            =======    =======    ========   ========


    Basic earnings (loss)
     per share attributable
     to UHS (b)
         From continuing
          operations          $1.65      $1.09       $3.01      $2.25
         From discontinued
          operations              -      (0.02)          -       0.02
                                 --      -----          --       ----
              Total basic
               earnings per
               share          $1.65      $1.07       $3.01      $2.27
                              =====      =====       =====      =====

    Diluted earnings (loss)
     per share attributable
     to UHS (b)
         From continuing
          operations          $1.64      $1.08       $3.01      $2.25
         From discontinued
          operations              -      (0.02)          -       0.01
                                 --      -----          --       ----
              Total diluted
               earnings per
               share          $1.64      $1.06       $3.01      $2.26
                              =====      =====       =====      =====



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

                                            Three months        Six months
                                           ended June 30,     ended June 30,
                                           -------------      --------------
                                           2009     2008      2009      2008
                                           ----     ----      ----      ----
    (a) Calculation of income from
         discontinued operations,
         net of income tax:
         ------------------
    (Loss) income from discontinued
     operations, pre-tax                      -  ($1,540)        -    $1,069
    Income tax benefit (expense)              -      590         -      (409)
                                           ----      ---      ----      ----
    (Loss) income from discontinued
     operations, net of taxes                 -    ($950)        -      $660
                                           ====    =====      ====      ====

    (b) Earnings per share calculation:
    -----------------------------------
    Basic and diluted:
    ------------------
    Income from continuing operations
     attributable to UHS                $80,893  $55,190  $148,434  $115,243
    Less: Net income
     attributable to unvested
     restricted share grants               (381)    (229)     (695)     (488)
                                            ---      ---       ---       ---
    Income from continuing
     operations - basic and
     diluted                             80,512   54,961   147,739   114,755
    Income from discontinued
     operations                               -     (950)        -       660
                                           ----     ----      ----       ---
    Net income attributable
     to UHS - basic and
     diluted                            $80,512  $54,011  $147,739  $115,415
                                        =======  =======  ========  ========

    Weighted average number
     of common shares - basic            48,850   50,629    49,028    50,946
                                         ------   ------    ------    ------

    Basic earnings (loss) per
     share attributable to UHS:
         From continuing operations       $1.65    $1.09     $3.01     $2.25
         From discontinued operations         -    (0.02)        -      0.02
                                           ----    -----      ----      ----
              Total basic earnings per
               share                      $1.65    $1.07     $3.01     $2.27
                                          =====    =====     =====     =====
    Weighted average number
     of common shares                    48,850   50,629    49,028    50,946
    Add: Other share equivalents            202      113       101        65
                                            ---      ---       ---        --
    Weighted average number
     of common shares and
     equiv. - diluted                    49,052   50,742    49,129    51,011
                                         ------   ------    ------    ------

    Diluted earnings (loss) per
     share attributable to UHS:
         From continuing operations       $1.64    $1.08     $3.01     $2.25
         From discontinued operations         -    (0.02)        -      0.01
                                           ----    -----      ----      ----
              Total diluted earnings
               per share                  $1.64    $1.06     $3.01     $2.26
                                          =====    =====     =====     =====



                          Universal Health Services, Inc.
                          -------------------------------
        Schedule of Non-GAAP Supplemental Consolidated Statements of Income
                       Information ("Supplemental Schedule")
                       -------------------------------------
                 For the three months ended June 30, 2009 and 2008
                 -------------------------------------------------
                     (in thousands, except per share amounts)
                                   (unaudited)

                         Three months ended         Three months ended
                            June 30, 2009             June 30, 2008
                            -------------             -------------
    Net revenues        $1,303,640     100.0%    $1,262,577     100.0%

    Operating charges:
       Salaries, wages
        and benefits       541,950      41.6%       528,081      41.8%
       Other operating
        expenses           232,894      17.9%       259,313      20.5%
       Supplies expense    176,411      13.5%       174,264      13.8%
       Provision for
        doubtful
        accounts           120,670       9.3%       120,646       9.6%
                           -------       ---        -------       ---
                         1,071,925      82.2%     1,082,304      85.7%
                         ---------      ----      ---------      ----

    Operating income/
     margin                231,715      17.8%       180,273      14.3%

       Lease and rental
        expense             17,587                   17,866
       Income from
        continuing
        operations
        attributable to
        minority
        interests           13,084                   11,427
                            ------                   ------

    Earnings before,
     depreciation and
     amortization,
     interest expense,
     and income taxes
     ("EBITDA")            201,044                  150,980

       Depreciation and
        amortization        51,085                   47,336
       Interest expense,
        net                 11,879                   13,249
                            ------                   ------

    Income before
     income taxes          138,080                   90,395

    Provision for
     income taxes           57,187                   35,205
                            ------                   ------

    Income from
     continuing
     operations
     attributable to
     UHS                    80,893                   55,190

    Loss from
     discontinued
     operations, net of
     income taxes                -                     (950)
                           -------                  -------
    Net income
     attributable to
     UHS                   $80,893                  $54,240
                           =======                  =======


                                Three months ended    Three months ended
                                   June 30, 2009        June 30, 2008
                                   -------------        -------------
                                             Per                   Per
                                           Diluted               Diluted
                                 Amount     Share     Amount      Share
                                 ------    -------    ------     -------
    Calculation of Adjusted
     Income from Continuing
     Operations Attributable
     to UHS
     -----------------------

    Income from
     continuing
     operations
     attributable to
     UHS                        $80,893     $1.64     $55,190     $1.08
    Plus/minus adjustments:
       Reduction of reserve
        for professional and
        general liability
        self-insured claims,
        net of income taxes     (14,168)    (0.29)          -         -
       Unfavorable discrete
        tax item                  4,331      0.09
    Subtotal after-tax
     adjustments to income
     from continuing
     operations attributable      -----      ----        ----      ----
     to UHS                      (9,837)    (0.20)          -         -
                                  -----      ----        ----      ----
    Adjusted income from
     continuing operations
     attributable to UHS        $71,056     $1.44     $55,190     $1.08
                                =======     =====     =======     =====

    Calculation of Adjusted Net
     Income Attributable to UHS
     --------------------------
    Net income attributable
     to UHS                     $80,893     $1.64     $54,240     $1.06
    After-tax adjustments to
     income from continuing
     operations attributable to
     UHS, as indicated above     (9,837)    (0.20)          -         -
                                  -----      ----        ----      ----
    Adjusted net income
     attributable to UHS        $71,056     $1.44     $54,240     $1.06
                                =======     =====     =======     =====



                          Universal Health Services, Inc.
                          -------------------------------
        Schedule of Non-GAAP Supplemental Consolidated Statements of Income
                        Information ("Supplemental Schedule")
                        -------------------------------------
                   For the six months ended June 30, 2009 and 2008
                   -----------------------------------------------
                      (in thousands, except per share amounts)
                                     (unaudited)

                          Six months ended          Six months ended
                           June 30, 2009             June 30, 2008
                           -------------             -------------

    Net revenues       $2,616,059      100.0%    $2,540,553    100.0%

    Operating charges:
       Salaries, wages
        and benefits    1,083,247       41.4%     1,069,656     42.1%
       Other operating
        expenses          506,115       19.3%       507,958     20.0%
       Supplies
        expense           350,378       13.4%       353,503     13.9%
       Provision for
        doubtful
        accounts          239,648        9.2%       240,443      9.5%
                          -------        ---        -------      ---
                        2,179,388       83.3%     2,171,560     85.5%
                        ---------       ----      ---------     ----

    Operating income/
     margin               436,671       16.7%       368,993     14.5%

       Lease and rental
        expense            34,659                    35,421
       Income from
        continuing
        operations
        attributable to
        minority
        interests          27,577                    24,706
                           ------                    ------

    Earnings before,
     depreciation and
     amortization,
     interest expense,
     and income taxes
     ("EBITDA")           374,435                   308,866

       Depreciation and
        amortization      102,219                    94,079
       Interest expense,
        net                24,517                    26,728
                           ------                    ------

    Income before
     income taxes         247,699                   188,059

    Provision for
     income taxes          99,265                    72,816
                           ------                    ------

    Income from
     continuing
     operations
     attributable to
     UHS                  148,434                   115,243

    Income from
     discontinued
     operations, net
     of income taxes            -                       660
                             ----                       ---
    Net income
     attributable to
     UHS                 $148,434                  $115,903
                         ========                  ========


                          Six months ended          Six months ended
                           June 30, 2009             June 30, 2008
                           -------------             -------------
                                       Per                      Per
                          Amount  Diluted Share    Amount  Diluted Share
                          ------  -------------    ------  -------------
    Calculation of Adjusted
     Income from Continuing
     Operations Attributable
     to UHS
     -----------------------
    Income from
     continuing
     operations
     attributable to
     UHS                 $148,434      $3.01       $115,243    $2.25
    Plus/minus
     adjustments:
       Reduction of
        reserve for
        professional and
        general liability
        self-insured
        claims, net of
        income taxes      (14,168)     (0.29)             -        -
       Unfavorable
        discrete tax
        item                4,331       0.09
    Subtotal after-
     tax adjustments
     to income from
     continuing operations
     attributable to UHS   (9,837)     (0.20)             -        -
                            -----       ----           ----     ----
    Adjusted income
     from continuing
     operations
     attributable to
     UHS                 $138,597      $2.81       $115,243    $2.25
                         ========      =====       ========    =====

    Calculation of Adjusted
     Net Income Attributable
     to UHS
     -----------------------
    Net income
     attributable to
     UHS                 $148,434      $3.01       $115,903    $2.26
    After-tax
     adjustments to
     income from
     continuing
     operations
     attributable to
     UHS, as indicated
     above                 (9,837)     (0.20)             -        -
                           ------      -----           ----    -----
    Adjusted net income
     attributable to
     UHS                 $138,597      $2.81       $115,903    $2.26
                         ========      =====       ========    =====



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

                                        June 30,      December 31,
                                          2009           2008
                                          ----           ----
    Assets
    Current assets:
        Cash and cash equivalents       $10,623         $5,460
        Accounts receivable, net        605,870        625,437
        Supplies                         78,885         76,043
        Other current assets             31,182         26,375
        Deferred income taxes            38,933         34,522
        Current assets held for sale     21,580         21,580
                                         ------         ------
              Total current assets      787,073        789,417
                                        -------        -------

    Property and equipment            3,549,211      3,355,974
    Less: accumulated depreciation   (1,345,692)    (1,255,682)
                                     ----------     ----------
                                      2,203,519      2,100,292
                                      ---------      ---------

    Other assets:
        Goodwill                        733,887        732,937
        Deferred charges                 10,318         10,428
        Other                           102,079        109,388
                                        -------        -------
                                     $3,836,876     $3,742,462
                                     ==========     ==========

    Liabilities and Stockholders' Equity
    Current liabilities:
        Current maturities of long-term
         debt                            $8,730         $8,708
        Accounts payable and accrued
         liabilities                    561,471        542,008
        Federal and state taxes          16,098         10,409
                                         ------         ------
              Total current
               liabilities              586,299        561,125
                                        -------        -------

    Other noncurrent liabilities        389,572        407,652
    Long-term debt                      913,148        990,661
    Deferred income taxes                19,806         12,439


    UHS common stockholders' equity   1,677,996      1,543,850
    Minority interest                   250,055        226,735
                                        -------        -------
              Total equity            1,928,051      1,770,585

                                     ----------     ----------
                                     $3,836,876     $3,742,462
                                     ==========     ==========



                          Universal Health Services, Inc.
                          -------------------------------
                       Consolidated Statements of Cash Flows
                       -------------------------------------
                                  (in thousands)
                                    (unaudited)
                                                               Six months
                                                             ended June 30,
                                                             --------------
                                                               2009      2008
                                                               ----      ----
    Cash Flows from Operating Activities:
      Net income attributable to UHS                       $148,434  $115,903
      Adjustments to reconcile net income to net
      cash provided by operating activities:
      Depreciation & amortization                           102,219    95,379
      Changes in assets & liabilities, net of effects from
      acquisitions and dispositions:
       Accounts receivable                                    4,392   (74,863)
       Construction management and other receivable          21,003    (8,016)
       Accrued interest                                         106       811
       Accrued and deferred income taxes                      7,934     3,288
       Other working capital accounts                        (1,499)   18,331
       Other assets and deferred charges                      3,844    15,821
       Other                                                  3,327     5,410
       Minority interest in earnings of consolidated
        entities, net of distributions                       23,320    13,307
       Accrued insurance expense, net of commercial
        premiums paid                                        13,323    38,743
       Payments made in settlement of self-insurance
        claims                                              (29,823)  (25,648)
                                                            -------   -------
              Net cash provided by operating activities     296,580   198,466
                                                            -------   -------

    Cash Flows from Investing Activities:
       Property and equipment additions, net of disposals  (183,248) (156,062)
       Acquisition of property and business                  (9,006)        -
       Proceeds received from sale of assets                      -     2,235
       Settlement proceeds received related to prior year
        acquisitions, net of expenses                             -     1,539
       Investment in joint-venture                                -    (2,095)
                                                                  -    ------
              Net cash used in investing activities        (192,254) (154,383)
                                                           --------  --------

    Cash Flows from Financing Activities:
       Reduction of long-term debt                          (77,356) (109,727)
       Additional borrowings                                    170   150,155
       Repurchase of common shares                          (15,437)  (89,816)
       Dividends paid                                        (7,890)   (8,096)
       Issuance of common stock                               1,350     1,151
       Capital contributions from minority member                 -     2,107
                                                                  -     -----
              Net cash used in financing activities         (99,163)  (54,226)
                                                            -------   -------

    Increase (decrease) in cash and cash equivalents          5,163   (10,143)
    Cash and cash equivalents, beginning of period            5,460    16,354
                                                              -----    ------
    Cash and cash equivalents, end of period                $10,623    $6,211
                                                            =======    ======

    Supplemental Disclosures of Cash Flow Information:
      Interest paid                                         $28,723   $29,335
                                                            =======   =======

      Income taxes paid, net of refunds                     $90,942   $70,269
                                                            =======   =======



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

                                    % Change         % Change
                                   Quarter Ended   6 months ended
    Same Facility:                   6/30/2009       6/30/2009
    -------------                    ---------       ---------
    Acute Care Hospitals
    --------------------
    Revenues                            2.9%            1.9%
    Adjusted Admissions                 3.1%            1.5%
    Adjusted Patient Days               0.9%           -0.2%
    Revenue Per Adjusted
     Admission                         -0.2%            0.3%
    Revenue Per Adjusted
     Patient Day                        2.0%            2.0%

    Behavioral Health Hospitals
    ---------------------------

    Revenues                            4.0%            3.4%
    Adjusted Admissions                 1.0%            0.7%
    Adjusted Patient Days               0.5%           -0.7%
    Revenue Per Adjusted
     Admission                          3.0%            2.6%
    Revenue Per Adjusted
     Patient Day                        3.5%            4.2%



    UHS Consolidated           Second Quarter Ended      Six months Ended
    ----------------           --------------------      ----------------
                               6/30/2009   6/30/2008   6/30/2009   6/30/2008
                               ---------   ---------   ---------   ---------

    Revenues                  $1,303,640  $1,262,577  $2,616,059  $2,540,553
    EBITDA   (1)                 178,244     150,980     351,635     308,866
    EBITDA Margin (1)               13.7%       12.0%       13.4%       12.2%

    Cash Flow From Operations    144,578      66,790     296,580     198,466
    Days Sales Outstanding            42          51          41          50
    Capital Expenditures         105,029      74,311     183,248     156,062

    Debt                                                 921,878   1,053,305
    Shareholders Equity                                1,677,996   1,544,474
    Debt / Total Capitalization                             35.5%       40.5%
    Debt / EBITDA  (2)                                      1.67        1.96
    Debt / Cash From Operations  (2)                        2.06        2.71

    Acute Care EBITDAR
     Margin  (3)                    16.8%       14.7%       17.2%       15.5%
    Behavioral Health
     EBITDAR Margin  (3)            25.8%       24.3%       25.0%       23.7%

    (1) Net of Minority Interest and before prior year self insurance reserve
        adjustment booked in 2009
    (2) Latest 4 quarters
    (3) Before Corporate overhead allocation, minority interest and prior year
        self insurance reserve adjustment booked in 2009



                          UNIVERSAL HEALTH SERVICES, INC.
                           SELECTED HOSPITAL STATISTICS
                           FOR THE THREE MONTHS ENDED
                                  JUNE 30, 2009
    AS REPORTED:
    ------------
                            ACUTE (1)                  BEHAVIORAL HEALTH
                  06/30/09  06/30/08  %  change  06/30/09  06/30/08  %  change
                  --------  --------  ---------  --------  --------  ---------
    Hospitals
     owned and
     leased            21         21     0.0%         83        83      0.0%
    Average
     licensed
     beds           5,465      5,453     0.2%      7,857     7,668      2.5%
    Patient
     days         289,661    291,892    -0.8%    529,536   530,769     -0.2%
    Average
     daily
     census       3,183.1    3,207.6    -0.8%    5,819.1   5,832.6     -0.2%
    Occupancy-
     licensed
     beds            58.2%     58.8%    -1.0%       74.1%     76.1%    -2.6%
    Admissions     65,946      4,991     1.5%     34,059    32,560      4.6%
      Length of
       stay           4.4        4.5    -2.2%       15.5      16.3     -4.6%

    Inpatient
     revenue   $2,469,774 $2,300,755     7.3%   $524,246  $489,317      7.1%
    Outpatient
     revenue    1,047,095    924,984    13.2%     72,513    65,335     11.0%
    Total
     patient
     revenue    3,516,869  3,225,739     9.0%    596,759   554,652      7.6%
    Other
     revenue       19,102     19,541    -2.2%      8,342     9,893    -15.7%
    Gross
     hospital
     revenue    3,535,971  3,245,280     9.0%    605,101   564,545      7.2%

    Total
     deductions 2,583,393  2,319,649    11.4%    272,512   247,229     10.2%
    Net
     hospital
     revenue     $952,578   $925,631     2.9%   $332,589  $317,316      4.8%


    SAME FACILITY:
    --------------
                            ACUTE (1)                  BEHAVIORAL HEALTH (2)
                  06/30/09  06/30/08  %  change  06/30/09  06/30/08  %  change
                  --------  --------  ---------  --------  --------  ---------
    Hospitals
     owned and
     leased            21        21      0.0%        79        79        0.0%
    Average
     licensed
     beds           5,465     5,453      0.2%     7,611     7,477        1.8%
    Patient
     days         289,644   291,883     -0.8%   521,721   516,562        1.0%
    Average
     daily
     census       3,182.9   3,207.5     -0.8%   5,733.2   5,676.5        1.0%
    Occupancy-
     licensed
     beds            58.2%     58.8%    -1.0%      75.3%     75.9%      -0.8%
    Admissions     65,946    64,991      1.5%    32,983    32,502        1.5%
    Length of
       stay           4.4       4.5     -2.2%      15.8      15.9       -0.5%

    (1) Acute care hospitals located in New Orleans and Central Montgomery
        Medical Center are excluded in current and prior years.
    (2) Centennial Peaks, Central Florida, Coastal Behavioral, Summit Ridge
        Hospital, Broad Horizons, Highlander RTC, Midwest Youth, Vista Group
        Homes and Shenandoah Valley are excluded incurrent and prior years.


                          UNIVERSAL HEALTH SERVICES, INC.
                            SELECTED HOSPITAL STATISTICS
                            FOR THE SIX MONTHS ENDED
                                  JUNE 30, 2009

    AS REPORTED:
    ------------
                             ACUTE (1)                 BEHAVIORAL HEALTH
                  06/30/09   06/30/08  % change  06/30/09  06/30/08   % change
                  --------   --------  --------  --------  --------   --------
    Hospitals
     owned and
     leased            21          21    0.0%         83        83       0.0%
    Average
     licensed
     beds           5,465       5,453    0.2%      7,826     7,632       2.5%
    Patient
     days         596,950     606,142   -1.5%  1,042,470 1,060,724      -1.7%
    Average
     daily
     census       3,279.9     3,330.5   -1.5%    5,727.9   5,828.2      -1.7%
    Occupancy-
     licensed
     beds            60.0%       61.1%  -1.7%       73.2%     76.4%     -4.2%
    Admissions    134,144     133,947    0.1%     68,020    65,442       3.9%
    Length of
     stay             4.5         4.5   -1.7%       15.3      16.2      -5.4%

    Inpatient
     revenue   $5,049,913  $4,740,040    6.5%  $1,027,927 $978,050       5.1%
    Outpatient
     revenue    2,042,794   1,830,400   11.6%    140,641   131,923       6.6%
    Total
     patient
     revenue    7,092,707   6,570,440    7.9%  1,168,568 1,109,973       5.3%
    Other
     revenue       36,777      37,714   -2.5%     16,251    18,051     -10.0%
    Gross
     hospital
     revenue    7,129,484   6,608,154    7.9%  1,184,819 1,128,024       5.0%

    Total
     deductions 5,217,192   4,731,254   10.3%    530,077    497,850      6.5%

    Net
     hospital
     revenue   $1,912,292  $1,876,900    1.9%   $654,742   $630,174      3.9%


    SAME FACILITY:
    --------------
                            ACUTE (1)                  BEHAVIORAL HEALTH (2)
                  06/30/09  06/30/08  %  change  06/30/09  06/30/08  %  change
                  --------  --------  ---------  --------  --------  ---------
    Hospitals
     owned and
     leased           21        21       0.0%        79         79       0.0%
    Average
     licensed
     beds          5,465     5,453       0.2%     7,596      7,441       2.1%
    Patient
     days        596,920   606,133      -1.5% 1,028,876  1,030,793      -0.2%
    Average
     daily
     census      3,297.9   3,330.4      -1.0%   5,684.4    5,663.7       0.4%
    Occupancy-
     licensed
     beds           60.3%     61.1%     -1.2%      74.8%      76.1%     -1.7%
    Admissions   134,144   133,947       0.1%    66,136     65,287       1.3%
    Length of
     stay            4.4       4.5      -1.7%      15.6       15.8      -1.5%

    (1) Acute care hospitals located in New Orleans and Central Montgomery
        Medical Center are excluded in current and prior years.
    (2) Centennial Peaks, Central Florida, Coastal Behavioral, Summit Ridge
        Hospital, Broad Horizons, Highlander RTC, Midwest Youth, Vista Group
        Homes and Shenandoah Valley are excluded incurrent and prior years.

SOURCE Universal Health Services, Inc.
07/28/2009 CONTACT:
Steve Filton, Chief Financial Officer of Universal Health Services, Inc., 1-610-768-3300
(UHS)

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