KING OF PRUSSIA, Pa., June 2 /PRNewswire-FirstCall/ -- Universal Health
Services, Inc. (NYSE: UHS) announced today that its Board of Directors
authorized an additional 3,500,000 share repurchase program to supplement the
84,000 shares remaining under previous authorizations. The Board also gave
management discretion to use the authorization to purchase its convertible
debentures due 2020. Pursuant to the stock and convertible debenture
repurchase program, the Company, from time to time and as conditions allow,
may purchase shares or debentures on the open market or in negotiated private
transactions.
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. 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:
http://www.uhsinc.com.
SOURCE: Universal Health Services, Inc.
CONTACT: Steve Filton, Chief Financial Officer, Universal Health
Services, Inc., +1-610-768-3300
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