Universal Health Services, Inc. Appoints KPMG LLP as Independent Public Accountants


KING OF PRUSSIA, Pa., June 18 /PRNewswire-FirstCall/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that its Board of Directors has appointed KPMG LLP as the Company's independent public accountants.

KPMG LLP will replace Arthur Andersen LLP as the Company's independent public accountants effective immediately.

The appointment of KPMG LLP was made after careful consideration by the Board of Directors, its Audit Committee and management, and concludes an extensive evaluation process. The decision to change auditors was not the result of any disagreement between the Company and Arthur Andersen on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

During its more than 24 years as the Company's outside auditors, Arthur Andersen has provided Universal Health Services, Inc. with a high level of quality service and has consistently demonstrated a high level of professionalism.

Universal Health Services, Inc. is one of the nation's largest hospital companies, operating acute care and behavioral health hospitals and ambulatory surgery 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).

For additional information on the Company, visit our web site: http://www.uhsinc.com.

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SOURCE Universal Health Services, Inc.

-0- 06/18/2002

/CONTACT: Kirk E. Gorman, Chief Financial Officer of Universal Health Services, +1-610-768-3300/

/Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/916225.html/