|Universal Health Services, Inc. Announces Labor Action Update|
KING OF PRUSSIA, Pa., Dec. 6 /PRNewswire-FirstCall/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that a tentative agreement has been reached with the Service Employees International Union (SEIU) representing certain nurses and technicians at its Valley Hospital Medical Center and Desert Springs Medical Center located in Las Vegas, Nevada.
Under the terms of the tentative agreement, the SEIU agreed not to strike for at least the next 70 days and they agreed that they would not retaliate against nurses and technicians that came to work to care for patients. UHS agreed to continue to abide by our policy of nondiscrimination against members of the SEIU. The parties agreed to work together over the next 60 days, however there can be no assurance that a contract will be ratified during that timeframe.
This press release contains forward-looking statements based on current management expectations. 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 managements view only as of the date hereof.
Universal Health Services, Inc. is one of the nation's largest hospital companies, operating acute care and behavioral health hospitals and ambulatory centers nationwide and in Puerto Rico. For additional information on the Company, visit our web site: http://www.uhsinc.com.
SOURCE Universal Health Services, Inc. -0- 12/06/2006 /CONTACT: Steve Filton, Chief Financial Officer of Universal Health Services, Inc., +1-610-768-3300/ /Company News On-Call: http://www.prnewswire.com/comp/916225.html/ /Web site: http://www.uhsinc.com / (UHS) CO: Universal Health Services, Inc.; Service Employees International Union; SEIU ST: Pennsylvania, Nevada IN: HEA SU: LBR JA -- PHW039 -- 1324 12/06/2006 13:30 EST http://www.prnewswire.com
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