KING OF PRUSSIA, Pa., April 22 /PRNewswire-FirstCall/ -- Universal Health
Services, Inc. (NYSE: UHS) announced today that it has signed a definitive
agreement to sell its 81.5% interest in Medi-Partenaires to Barclays Private
Equity France and Cobalt Capital. Medi-Partenaires is one of the leading
operators of private acute-care hospitals in France and currently owns and
manages 14 hospitals across France. UHS expects its pre-tax sale proceeds
after repayment of net debt to be approximately $295 million which will result
in an after-tax gain on the sale of approximately $100 million. The sale is
subject to customary regulatory approvals and we expect the closing to occur
in mid to late May, 2005.
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.
CONTACT: Steve Filton, Chief Financial Officer of Universal Health