KING OF PRUSSIA, Pa., Feb 07, 2005 /PRNewswire-FirstCall via COMTEX/ -- Universal Health
Services, Inc. (NYSE: UHS) announced today that it has signed a definitive
agreement to sell two acute care facilities in Puerto Rico: Hospital San
Pablo, a 430-bed acute care hospital in Bayamon, and Hospital San Pablo del
Este, a 180-bed acute care hospital in Fajardo. The two facilities will be
sold to a local hospital operator in Puerto Rico, Centro Medico and HIMA San
Pablo Properties, Inc. The sale proceeds will be approximately $120 million,
excluding net working capital. The sale is subject to customary regulatory
approvals and we expect the closing to occur by March 31, 2005.
UHS will retain ownership of Hospital San Juan Capestrano, a 108-bed
behavioral health facility in Rio Piedras, Puerto Rico and OJOS Eye Surgery
Specialists in Santurce, Puerto Rico.
Universal Health Services, Inc. is one of the nation's largest hospital
companies, operating acute care and behavioral health hospitals, ambulatory
and radiation centers nationwide, in Puerto Rico and in France. It acts as
the advisor to Universal Health Realty Income Trust, a real estate investment
trust (NYSE: UHT).
Certain statements in this release may constitute forward-looking
statements and are subject to various risks and uncertainties as discussed in
the Company's filings with the Securities and Exchange Commission. The
Company is not obligated to update these forward-looking statements even if
the Company's assessment of these risks and uncertainties changes.
For additional information on the Company, visit our website:
SOURCE: Universal Health Services, Inc.
Steve Filton, Chief Financial Officer, Universal Health Services, +1-610-768-3300