Universal Health Services, Inc. Announces Expiration and Results of Its Exchange Offer For Its 7% Senior Notes Due 2018

Friday, May 13, 2011 General News
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KING OF PRUSSIA, Pa., May 13, 2011 /PRNewswire/ --  Universal Health Services, Inc. (NYSE: UHS) today announced the expiration

of its offer to exchange its outstanding 7% Senior Notes due 2018 (the "outstanding notes") that were originally issued in an aggregate principal amount of $250 million in a private offering on September
29, 2010
for an equal principal amount of new notes (the "exchange notes") registered under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to its effective registration statement on Form S-4 filed with the Securities and Exchange Commission (the "SEC") on April 1, 2011 (as amended to date, the "Registration Statement").  The exchange notes are substantially identical to the outstanding notes, except that the exchange notes have been registered under the Securities Act and will be freely tradable.

The exchange offer expired at 5:00 p.m., New York City time, on May 12, 2011.  As of the expiration of the exchange offer, holders of $250 million principal amount of the outstanding notes, representing 100% of the outstanding notes, had delivered valid tenders pursuant to the exchange offer.  All of the outstanding notes that were properly tendered and not withdrawn have been accepted for exchange.

This press release is neither an offer to buy nor a solicitation of an offer to sell any of the company's securities. The exchange offer was made only pursuant to the exchange offer documents, which were distributed to holders of the outstanding notes and have been filed with the SEC as part of the Registration Statement, which was declared effective on April 8, 2011.

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 and the U.S. Virgin Islands. 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.

This press release contains forward-looking statements based on current management expectations. Numerous factors, including those disclosed in the Registration Statement, those related to healthcare industry trends and those detailed in our other filings with the Securities and Exchange Commission (as set forth in Item 1A-Risk Factors and in Item 7-Forward-Looking Statements and Risk Factors in our Form 10-K for the year ended December 31, 2010), may cause the results to differ materially from those anticipated in the forward-looking statements. Many of the factors that will determine our future results are beyond our capability to control or predict. 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 management's view only as of the date hereof. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

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

SOURCE Universal Health Services, Inc.


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