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Universal Health Services, Inc. Reports 41% Increase in 2009 Third Quarter Earnings Per Diluted Share, Raises Full Year Guidance
Consolidated Results of Operations - Three-month periods ended September 30, 2009 and 2008:

KING OF PRUSSIA, Pa., Oct. 29 /PRNewswire-FirstCall/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that its reported net income attributable to UHS was $51.1 million, or an increase of 41% to $1.03 per diluted share, during the third quarter of 2009 as compared to $37.0 million, or $.73 per diluted share, during the comparable quarter of the prior year.

Net revenues increased 4% to $1.30 billion during the third quarter of 2009 as compared to $1.24 billion during the third quarter of 2008.

"We are extremely pleased with these solid results in an extremely challenging environment," said Alan B. Miller, Chief Executive Officer. "The continued economic weakness continues to drive higher levels of uncompensated care and pressure certain markets in particular, but the overall balance in our acute portfolio and the very steady performance of our behavioral segment has contributed to another very satisfying performance this quarter."

Consolidated Results of Operations - Nine-month periods ended September 30, 2009 and 2008:

Reported net income attributable to UHS was $199.5 million, or $4.04 per diluted share, during the nine-month period ended September 30, 2009 as compared to $152.9 million, or $2.99 per diluted share, during the comparable nine-month period of the prior year.

As indicated on the attached Schedules of Non-GAAP Supplemental Consolidated Statements of Income Information, included in our net income attributable to UHS during the nine-month period ended September 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, as discussed below.

After adjusting the reported results for the nine-month period ended September 30, 2009 to neutralize the net favorable impact of the above-mentioned adjustments (there were no adjustments applicable to the comparable nine-month prior year period), our adjusted net income attributable to UHS was $189.7 million, or an increase of 28% to $3.84 per diluted share, during the nine-month period ended September 30, 2009, as compared to $152.9 million, or $2.99 per diluted share during the comparable nine-month period of the prior year.

Net revenues increased 3% to $3.91 billion during the nine-month period ended September 30, 2009 as compared to $3.79 billion during the comparable nine-month period of the prior year.

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

At our acute care hospitals owned during both periods ("same facility basis"), inpatient admissions increased 0.5% while patient days decreased 2.2% during the third quarter of 2009, as compared to the third quarter of 2008. Net revenues at these facilities increased 5.3% during the third quarter of 2009 as compared to the comparable quarter of the prior year. At these facilities, net revenue per adjusted admission increased 2.6% while net revenue per adjusted patient day increased 5.5% during the third 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 13.0% during the third quarter of 2009 as compared to 11.6% during the third 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 $169 million and $154 million during the three-month periods ended September 30, 2009 and 2008, respectively.

Acute Care Services - Nine-month periods ended September 30, 2009 and 2008:

During the nine-month period ended September 30, 2009, on a same facility basis, inpatient admissions to our acute care facilities increased 0.3% while patient days decreased 1.7%, as compared to the comparable period of the prior year. Net revenues at our acute care facilities increased 3.0% during the nine-month period ended September 30, 2009 as compared to the comparable period of the prior year. At these facilities, net revenue per adjusted admission increased 1.1% while net revenue per adjusted patient day increased 3.1% during the nine-month period ended September 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 15.8% during the nine-month period ended September 30, 2009 as compared to 14.2% 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 $509 million and $450 million during the nine-month periods ended September 30, 2009 and 2008, respectively.

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

At our behavioral health care facilities, on a same facility basis, inpatient admissions increased 2.1% and patient days increased 1.4% during the third quarter of 2009 as compared to the third quarter of 2008. Net revenues at these facilities increased 3.6% during the third quarter of 2009 as compared to the comparable quarter in the prior year. Net revenue per adjusted patient day at these facilities increased 2.2% during the third quarter of 2009 over the comparable prior year quarter. The operating margin at our behavioral health care facilities owned during both periods was 25.2% during the third quarter of 2009 as compared to 23.5% during the third quarter of 2008.

Behavioral Health Care Services - Nine-month periods ended September 30, 2009 and 2008:

During the nine-month period ended September 30, 2009, on a same facility basis, inpatient admissions to our behavioral health care facilities increased 1.6% while patient days increased 0.4%, as compared to the comparable period of the prior year. Net revenues at our behavioral health care facilities increased 3.5% during the nine-month period ended September 30, 2009 as compared to the comparable period of the prior year. At these facilities, net revenue per adjusted patient day increased 3.5% during the nine-month period ended September 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 25.5% during the nine-month period ended September 30, 2009 as compared to 24.1% during the comparable period of the prior year.

2009 Full Year Guidance Increased to $4.65 to $4.80 Per Diluted Share:

Based upon the operating trends and financial results experienced during the first nine 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 $4.65 to $4.80 from the previously provided range of $4.40 to $4.55. 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 nine-month periods ended September 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).

Settlement of South Texas Health System Affiliates Investigation:

As previously disclosed, since November, 2005, the government had been investigating our South Texas Health System affiliates. The investigation was focused on certain arrangements which, the government believed, may have violated Medicare and Medicaid rules and regulations pertaining to payments to physicians and the solicitation of patient referrals from physicians and other matters relating to payments to various individuals which may have constituted improper payments.

We have recently entered into a settlement agreement with the government in connection with this matter whereby we have agreed to pay $27.5 million and have entered into a corporate integrity agreement with respect to the South Texas Health System facilities. During 2008, we recorded a pre-tax charge of $25 million to establish a reserve in connection with this matter. Also, during the first six months of 2009 we: (i) reserved an additional $3 million in connection with this matter, and; (ii) recorded a $4.3 million unfavorable discrete tax item to reflect the estimated nondeductible portion of the amount reserved. We do not expect to incur any additional material charges in connection with this matter.

Conference Call Information:

We will hold a conference call for investors and analysts at 9:00 a.m. eastern time on October 30, 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 October 30, 2009 and will continue through midnight on November 13, 2009. The recording can be accessed by calling 1-800-642-1687 and entering the conference ID number 35911099. 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 June 30, 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 attributable to UHS, adjusted income from continuing operations attributable to UHS per diluted share, adjusted net income attributable to UHS, adjusted net income attributable to UHS 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 June 30, 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.

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                      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,
                            -------------------   -------------------
                              2009       2008        2009       2008
                              ----       ----        ----       ----

    Net revenues          $1,295,109 $1,244,462  $3,911,168 $3,785,015

    Operating charges:
      Salaries, wages and
       benefits              558,244    530,858   1,641,491  1,600,514
      Other operating
       expenses              253,792    269,299     759,907    777,257
      Supplies expense       171,652    170,743     522,030    524,246
      Provision for
       doubtful
       accounts              141,086    125,003     380,734    365,446
      Depreciation and
       amortization           51,205     48,465     153,424    142,544
      Lease and rental
       expense                17,253     17,600      51,912     53,021
                              ------     ------      ------     ------
                           1,193,232  1,161,968   3,509,498  3,463,028
                           ---------  ---------   ---------  ---------

    Income from continuing
     operations before
     interest expense and
     income taxes            101,877     82,494     401,670    321,987

    Interest expense, net     10,780     13,419      35,297     40,147
                              ------     ------      ------     ------

    Income from continuing
     operations before
     income taxes             91,097     69,075     366,373    281,840

    Provision for income
     taxes                    32,043     22,536     131,308     95,352
                              ------     ------     -------     ------

    Income from continuing
     operations               59,054     46,539     235,065    186,488

    Income from continuing
     operations attributable
     to minority interests     7,980      9,316      35,557     34,022
                               -----      -----      ------     ------

    Income from continuing
     operations attributable
     to UHS                   51,074     37,223     199,508    152,466

    (Loss) income from
     discontinued
     operations,
     net of income tax
     expense (a)                   -       (226)          -        434

                             -------    -------    --------   --------
    Net income attributable
     to UHS                  $51,074    $36,997    $199,508   $152,900
                             =======    =======    ========   ========



    Basic earnings per share
     attributable to UHS (b)
      From continuing
       operations              $1.04      $0.73       $4.05      $2.99
      From discontinued
       operations                  -          -           -       0.01
                                   -          -           -       ----
        Total basic
         earnings
         per share             $1.04      $0.73       $4.05      $3.00
                               =====      =====       =====      =====

    Diluted earnings per share
     attributable to UHS (b)
      From continuing
       operations              $1.03      $0.73       $4.04      $2.98
      From discontinued
       operations                  -          -           -       0.01
                                   -          -           -       ----
        Total diluted
         earnings
         per share             $1.03      $0.73       $4.04      $2.99
                               =====      =====       =====      =====



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

                                  Three months        Nine months
                              ended September 30, ended September 30,
                              ------------------- -------------------
                                 2009     2008      2009      2008
                                 ----     ----      ----      ----

    (a) Calculation of income from
     discontinued operations,
     net of income tax:
    ------------------------------

    (Loss) income from
     discontinued
     operations, pre-tax            -    ($363)        -      $706
    Income tax benefit
     (expense)                      -      137         -      (272)
                                   --      ---        --      ----
    (Loss) income from
     discontinued
     operations, net of taxes       -    ($226)        -      $434
                                   ==    =====        ==      ====


    (b) Earnings per share calculation:
    -----------------------------------

    Basic and diluted:
    ------------------
    Income from continuing
     operations
     attributable to UHS      $51,074  $37,223  $199,508  $152,466
    Less: Net income
     attributable to
     unvested restricted
     share grants                (217)     (88)     (912)     (576)
                                 ----      ---      ----      ----
    Income from continuing
     operations - basic and
     diluted                   50,857   37,135   198,596   151,890
    (Loss) income from
     discontinued
     operations                     -     (226)        -       434
                                   --     ----        --       ---
    Net income attributable
     to UHS -
     basic and diluted        $50,857  $36,909  $198,596  $152,324
                              =======  =======  ========  ========

    Weighted average number
     of common shares -
     basic                     48,887   50,544    48,981    50,812
                               ------   ------    ------    ------

    Basic earnings per share
     attributable to UHS:
      From continuing
       operations               $1.04    $0.73     $4.05     $2.99
      From discontinued
       operations                   -        -         -      0.01
                                   --       --        --      ----
      Total basic
       earnings
       per share                $1.04    $0.73     $4.05     $3.00
                                =====    =====     =====     =====

    Weighted average number
     of common shares          48,887   50,544    48,981    50,812
    Add: Other share
     equivalents                  365      134       189        88
                                  ---      ---       ---        --
    Weighted average number
     of common shares and
     equiv. - diluted          49,252   50,678    49,170    50,900
                               ------   ------    ------    ------

    Diluted earnings per share
     attributable to UHS:
      From continuing
       operations               $1.03    $0.73     $4.04     $2.98
      From discontinued
       operations                   -        -         -      0.01
                                   --       --        --      ----
        Total diluted
         earnings
         per share              $1.03    $0.73     $4.04     $2.99
                                =====    =====     =====     =====



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

                              Three months ended        Three months ended
                              September 30, 2009        September 30, 2008
                              ------------------        ------------------

    Net revenues            $1,295,109     100.0%     $1,244,462     100.0%

    Operating charges:
       Salaries, wages
        and benefits           558,244      43.1%        530,858      42.7%
       Other operating
        expenses               253,792      19.6%        269,299      21.6%
       Supplies expense        171,652      13.3%        170,743      13.7%
       Provision for
        doubtful accounts      141,086      10.9%        125,003      10.0%
                               -------      ----         -------      ----
                             1,124,774      86.8%      1,095,903      88.1%
                             ---------      ----       ---------      ----

    Operating income/
     margin                    170,335      13.2%        148,559      11.9%

       Lease and rental
        expense                 17,253                    17,600
       Income from continuing
        operations attributable
        to minority interests    7,980                     9,316
                                 -----                     -----

    Earnings before,
     depreciation
     and amortization,
     interest expense,
     and income taxes
     ("EBITDA")                145,102                   121,643

       Depreciation and
        amortization            51,205                    48,465
       Interest expense,
        net                     10,780                    13,419
                                ------                    ------

    Income before income
     taxes                      83,117                    59,759

    Provision for income
     taxes                      32,043                    22,536
                                ------                    ------

    Income from continuing
     operations attributable
     to UHS                     51,074                    37,223

    Loss from discontinued
     operations, net of
     income taxes                    -                      (226)

                               -------                   -------
    Net income
     attributable to UHS       $51,074                   $36,997
                               =======                   =======

                                 Three months ended        Three months ended
                                 September 30, 2009        September 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                    $51,074      $1.03        $37,223      $0.73
    Plus/minus adjustments:
       Reduction of reserve for
        professional and
        general liability
        self-insured claims,
        net of income taxes          -          -              -          -
       Unfavorable discrete
        tax item                     -          -              -          -
    Subtotal after-tax
     adjustments to
     income from
     continuing operations
     attributable to UHS             -          -              -          -
                                    --         --             --         --
    Adjusted income from
     continuing operations
     attributable to UHS       $51,074      $1.03        $37,223      $0.73
                               =======      =====        =======      =====

    Calculation of Adjusted
     Net Income
     Attributable to UHS
    -----------------------
    Net income
     attributable to UHS       $51,074      $1.03        $36,997      $0.73
    After-tax adjustments
     to income from
     continuing operations
     attributable
     to UHS, as indicated
     above                           -          -              -          -
                                    --         --             --         --
    Adjusted net income
     attributable to UHS       $51,074      $1.03        $36,997      $0.73
                               =======      =====        =======      =====



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

                              Nine months ended          Nine months ended
                              September 30, 2009         September 30, 2008
                              ------------------         ------------------

    Net revenues            $3,911,168      100.0%     $3,785,015     100.0%

    Operating charges:
       Salaries, wages
        and benefits         1,641,491       42.0%      1,600,514      42.3%
       Other operating
        expenses               759,907       19.4%        777,257      20.5%
       Supplies expense        522,030       13.3%        524,246      13.9%
       Provision for
        doubtful accounts      380,734        9.7%        365,446       9.7%
                               -------        ---         -------       ---
                             3,304,162       84.5%      3,267,463      86.3%
                             ---------       ----       ---------      ----

    Operating income/
     margin                    607,006       15.5%        517,552      13.7%

       Lease and rental
        expense                 51,912                     53,021
       Income from
        continuing
        operations
        attributable
        to minority
        interests               35,557                     34,022
                                ------                     ------

    Earnings before,
     depreciation
     and amortization,
     interest
     expense, and income
     taxes ("EBITDA")          519,537                    430,509

       Depreciation and
        amortization           153,424                    142,544
       Interest expense,
        net                     35,297                     40,147
                                ------                     ------

    Income before
     income taxes              330,816                    247,818

    Provision for
     income taxes              131,308                     95,352
                               -------                     ------

    Income from
     continuing
     operations
     attributable
     to UHS                    199,508                    152,466

    Income from
     discontinued
     operations, net of
     income taxes                    -                        434
                              --------                   --------
    Net income
     attributable
     to UHS                   $199,508                   $152,900
                              ========                   ========

                                   Nine months ended    Nine months ended
                                  September 30, 2009   September 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                    $199,508      $4.04    $152,466     $2.98
    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       $189,671      $3.84    $152,466     $2.98
                               ========      =====    ========     =====

    Calculation of Adjusted Net
     Income Attributable to UHS
    ---------------------------
    Net income attributable
     to UHS                    $199,508      $4.04    $152,900     $2.99
    After-tax
     adjustments to
     income from
     continuing
     operations
     attributable
     to UHS, as
     indicated above             (9,837)     (0.20)          -         -
                                 ------      -----          --        --
    Adjusted net income
     attributable to UHS       $189,671      $3.84    $152,900     $2.99
                               ========      =====    ========     =====



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

                                                 September 30,   December 31,
                                                      2009           2008
                                                      ----           ----
    Assets
    Current assets:
        Cash and cash equivalents                  $13,630         $5,460
        Accounts receivable, net                   596,232        625,437
        Supplies                                    80,726         76,043
        Other current assets                        35,365         26,375
        Deferred income taxes                       47,457         34,522
        Current assets held for sale                21,580         21,580
                                                    ------         ------
              Total current assets                 794,990        789,417
                                                   -------        -------

    Property and equipment                       3,644,113      3,355,974
    Less: accumulated depreciation              (1,386,112)    (1,255,682)
                                                ----------     ----------
                                                 2,258,001      2,100,292
                                                 ---------      ---------

    Other assets:
        Goodwill                                   732,685        732,937
        Deferred charges                             9,666         10,428
        Other                                      106,167        109,388
                                                   -------        -------
                                                $3,901,509     $3,742,462
                                                ==========     ==========

    Liabilities and Stockholders' Equity
    Current liabilities:
        Current maturities of long-term debt        $2,918         $8,708
        Accounts payable and accrued liabilities   629,033        542,008
        Federal and state taxes                          -         10,409
                                                        --         ------
              Total current liabilities            631,951        561,125
                                                   -------        -------

    Other noncurrent liabilities                   396,678        407,652
    Long-term debt                                 852,270        990,661
    Deferred income taxes                           52,208         12,439


    UHS common stockholders' equity              1,728,194      1,543,850
    Minority interest                              240,208        226,735
                                                   -------        -------
              Total equity                       1,968,402      1,770,585

                                                ----------     ----------
                                                $3,901,509     $3,742,462
                                                ==========     ==========



                   Universal Health Services, Inc.
                   -------------------------------
                Consolidated Statements of Cash Flows
                -------------------------------------
                            (in thousands)
                             (unaudited)
                                                       Nine months
                                                   ended September 30,
                                                   -------------------
                                                     2009      2008
                                                     ----      ----

    Cash Flows from Operating Activities:
      Net income attributable to UHS               $199,508  $152,900
      Adjustments to reconcile net income to net
       cash provided by operating activities:
      Depreciation & amortization                   153,424   144,711
      Changes in assets & liabilities, net of
       effects from acquisitions and dispositions:
        Accounts receivable                          20,747    (7,796)
        Construction management and other
         receivable                                  13,697    (1,674)
        Accrued interest                             10,712    11,290
        Accrued and deferred income taxes            10,824    (3,418)
        Other working capital accounts               40,434    35,941
        Other assets and deferred charges             3,716    16,317
        Other                                         7,541    12,354
        Minority interest in earnings
         of consolidated entities                    35,557    34,022
        Accrued insurance expense,
         net of commercial premiums paid             31,321    58,127
        Payments made in settlement of
         self-insurance claims                      (43,206)  (38,011)
                                                    -------   -------
          Net cash provided by operating
           activities                               484,275   414,763
                                                    -------   -------

    Cash Flows from Investing Activities:
        Property and equipment additions,
         net of disposals                          (278,825) (239,880)
        Acquisition of property and business         (9,006)  (14,775)
        Proceeds received from sales of assets          818    32,634
        Settlement proceeds received related
         to prior year acquisitions, net of
         expenses                                         -     1,539
        Investment in joint-venture                       -    (1,270)
        Purchase of minority ownership
         interest in majority owned business              -    (1,058)
                                                         --    ------
          Net cash used in investing
           activities                              (287,013) (222,810)
                                                   --------  --------

    Cash Flows from Financing Activities:
        Reduction of long-term debt                (143,844) (219,311)
        Additional borrowings                           170   150,155
        Repurchase of common shares                 (15,467) (104,436)
        Dividends paid                              (11,821)  (12,147)
        Issuance of common stock                      1,568     1,751
        Profit distributions related to
         minority interests in majority owned
         businesses                                 (19,698)  (18,820)
        Capital contributions from minority
         member                                           -     2,306
                                                         --     -----
          Net cash used in financing activities    (189,092) (200,502)
                                                   --------  --------

    Increase (decrease) in cash and cash
     equivalents                                      8,170    (8,549)
    Cash and cash equivalents, beginning of
     period                                           5,460    16,354
                                                      -----    ------
    Cash and cash equivalents, end of period        $13,630    $7,805
                                                    =======    ======

    Supplemental Disclosures of Cash Flow
     Information:
      Interest paid                                 $32,357   $34,198
                                                    =======   =======

      Income taxes paid, net of refunds            $120,429   $97,907
                                                   ========   =======



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


                                        % Change       % Change
                                      Quarter Ended  9 months ended
    Same Facility:                     9/30/2009       9/30/2009
    --------------                     ---------       ---------

    Acute Care Hospitals
    --------------------
    Revenues                                5.3%            3.0%
    Adjusted Admissions                     2.6%            1.9%
    Adjusted Patient Days                  -0.1%           -0.1%
    Revenue Per Adjusted Admission          2.6%            1.1%
    Revenue Per Adjusted Patient Day        5.5%            3.1%


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

    Revenues                                3.6%            3.5%
    Adjusted Admissions                     2.0%            1.1%
    Adjusted Patient Days                   1.4%           -0.1%
    Revenue Per Adjusted Admission          1.5%            2.3%
    Revenue Per Adjusted Patient Day        2.2%            3.5%


    UHS Consolidated      Third Quarter Ended            Nine months Ended
    ----------------      -------------------            -----------------
                        9/30/2009      9/30/2008       9/30/2009   9/30/2008
                        ---------      ---------       ---------   ---------

    Revenues           $1,295,109     $1,244,462      $3,911,168  $3,785,015
    EBITDA (1)            145,102        121,643         519,537     430,509
    EBITDA Margin (1)       11.2%           9.8%           13.3%       11.4%

    Cash Flow From
     Operations           183,436        204,689         484,275     414,763
    Days Sales
     Outstanding               42             46              42          46
    Capital Expenditures   95,577         83,818         278,825     239,880

    Debt                                                 855,188     943,721
    Shareholders Equity                                1,728,194   1,566,314
    Debt / Total
     Capitalization                                        33.1%       37.6%
    Debt / EBITDA  (2)                                      1.31        1.70
    Debt / Cash From
     Operations  (2)                                        1.61        2.14


    Acute Care EBITDAR
     Margin  (3)            13.0%          11.6%           15.8%       14.2%
    Behavioral Health
     EBITDAR Margin (3)     24.5%          23.0%           24.9%       23.5%


    (1)  Net of Minority Interest
    (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
                                     SEPTEMBER 30, 2009

        AS REPORTED:
        ------------

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

    Hospitals owned
     and leased           21         21     0.0%        84        81     3.7%
    Average licensed
     beds              5,465      5,450     0.3%     7,977     7,618     4.7%
    Patient days     280,269    286,552    -2.2%   532,228   519,362     2.5%
    Average daily
     census          3,046.4    3,114.7    -2.2%   5,785.1   5,645.2     2.5%
    Occupancy-
     licensed beds     55.7%      57.2%    -2.5%     72.5%     74.1%    -2.1%
    Admissions        65,082     64,738     0.5%    35,005    32,786     6.8%
    Length of stay       4.3        4.4    -2.7%      15.2      15.8    -4.0%

    Inpatient
     revenue      $2,380,103 $2,259,640     5.3%  $524,713  $488,986     7.3%
    Outpatient
     revenue       1,038,772    917,982    13.2%    68,577    61,358    11.8%
    Total patient
     revenue       3,418,875  3,177,622     7.6%   593,290   550,344     7.8%
    Other revenue     16,848     18,019    -6.5%     7,357     8,183   -10.1%
    Gross hospital
     revenue       3,435,723  3,195,641     7.5%   600,647   558,527     7.5%

    Total
     deductions    2,488,456  2,296,314     8.4%   271,315   247,695     9.5%

    Net hospital
     revenue        $947,267   $899,327     5.3%  $329,332  $310,832     6.0%


        SAME FACILITY:
        --------------

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

    Hospitals owned
     and leased           21         21     0.0%        79        79     0.0%
    Average licensed
     beds              5,465      5,450     0.3%     7,697     7,547     2.0%
    Patient days     280,269    286,552    -2.2%   520,564   513,231     1.4%
    Average daily
     census          3,046.4    3,114.7    -2.2%   5,658.3   5,578.6     1.4%
    Occupancy-
     licensed beds     55.7%      57.2%    -2.5%     73.5%     73.9%    -0.5%
    Admissions        65,082     64,738     0.5%    33,448    32,767     2.1%
    Length of stay       4.3        4.4    -2.7%      15.6      15.7    -0.6%


    (1) Acute care hospitals located in New Orleans and Central Montgomery
        Medical Center are excluded in current and prior years.

    (2) Centennial Peaks, Coastal Behavioral, Shenandoah Valley and
        Springwoods Behavioral are excluded in both current and prior years.
        Central Florida and Summit Ridge Hospital is included from September
        1st through year to date. Broad Horizons, Highlander RTC, Midwest
        Youth and Vista Group Homes are excluded in both current and prior
        years.



                              UNIVERSAL HEALTH SERVICES, INC.
                                SELECTED HOSPITAL STATISTICS
                                 FOR THE NINE MONTHS ENDED
                                     SEPTEMBER 30, 2009

        AS REPORTED:
        ------------

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

    Hospitals owned
     and leased         21         21     0.0%         84         81     3.7%
    Average licensed
     beds            5,465      5,452     0.2%      7,876      7,629     3.2%
    Patient days   877,224    892,689    -1.7%  1,574,698  1,580,086    -0.3%
    Average daily
     census        3,213.3    3,258.0    -1.4%    5,768.1    5,766.7     0.0%
    Occupancy-
     licensed beds   58.8%      59.8%    -1.6%      73.2%      75.6%    -3.1%
    Admissions     199,226    198,685     0.3%    103,025     98,228     4.9%
    Length of stay     4.4        4.5    -2.0%       15.3       16.1    -5.0%

    Inpatient
     revenue    $7,430,016 $6,999,680     6.1% $1,552,640 $1,467,036     5.8%
    Outpatient
     revenue     3,081,566  2,748,382    12.1%    209,218    193,281     8.2%
    Total patient
     revenue    10,511,582  9,748,062     7.8%  1,761,858  1,660,317     6.1%
    Other
     revenue        53,625     55,733    -3.8%     23,608     26,234   -10.0%
    Gross hospital
     revenue    10,565,207  9,803,795     7.8%  1,785,466  1,686,551     5.9%

    Total
     deductions  7,705,648  7,027,568     9.6%    801,392    745,545     7.5%

    Net hospital
     revenue    $2,859,559 $2,776,227     3.0%   $984,074   $941,006     4.6%


        SAME FACILITY:
        --------------

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

    Hospitals owned
     and leased         21         21     0.0%         79         79     0.0%
    Average licensed
     beds            5,465      5,452     0.2%      7,630      7,476     2.1%
    Patient days   877,231    892,665    -1.7%  1,549,466  1,544,017     0.4%
    Average daily
     census        3,213.3    3,257.9    -1.4%    5,675.7    5,635.1     0.7%
    Occupancy-
     licensed beds   58.8%      59.8%    -1.6%      74.4%      75.4%    -1.3%
    Admissions     199,226    198,685     0.3%     99,584     98,054     1.6%
    Length of stay     4.4        4.5    -2.0%       15.6       15.7    -1.2%


    (1) Acute care hospitals located in New Orleans and Central Montgomery
        Medical Center are excluded in current and prior years.

    (2) Centennial Peaks, Coastal Behavioral, Shenandoah Valley and
        Springwoods Behavioral are excluded in both current and prior years.
        Central Florida and Summit Ridge Hospital is included from September
        1st through year to date. Broad Horizons, Highlander RTC, Midwest
        Youth and Vista Group Homes are excluded in both current and prior
        years.

SOURCE Universal Health Services, Inc.

Steve Filton, Chief Financial Officer of Universal Health Services, Inc., +1-610-768-3300

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