Universal Health Services, Inc. Completes Two Acute Care Hospital Acquisitions

KING OF PRUSSIA, Pa., Jan 2, 2002 /PRNewswire via COMTEX/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that it completed the acquisition of two acute care hospitals effective January 1, 2002. North Penn Hospital is a 150-licensed bed community hospital in Hatfield Township in rapidly growing Montgomery County north of Philadelphia. Lancaster Community Hospital in Lancaster, California, is a 117-licensed bed hospital. Lancaster, northeast of Los Angeles, is also a rapidly growing community. Combined net revenues of the two acquired hospitals is approximately $90 million.

Universal Health Services, Inc. is one of the nation's largest hospital companies, operating in 22 states, Washington, D.C., Puerto Rico and 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 that 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 web site: http://www.uhsinc.com.

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SOURCE Universal Health Services, Inc.

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

URL:              http://www.uhsinc.com 
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