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Universal Health Services, Inc. Reports Significant Increases In 2009 Fourth Quarter And Full Year Earnings Per Diluted Share

Two-For-One Stock Split:

During the fourth quarter of 2009, we declared and paid a two-for-one stock split in the form of a 100% stock dividend which was paid on December 15, 2009 to shareholders of record as of December 1, 2009.  All classes of common stock participated on a pro rata basis and all references to share quantities and earnings per share for all periods presented herein have been adjusted to reflect the two-for-one stock split.  

Conference Call Information:  

We will hold a conference call for investors and analysts at 9:00 a.m. eastern time on February 26, 2010.  The dial-in number is 1-877-648-7971.  A digital recording of the conference call will be available two hours after the completion of the conference call on February 26, 2010 and will continue through midnight on March 11, 2010.  The recording can be accessed by calling 1-800-642-1687 and entering the conference ID number 54426914. This call will also be available live over the internet at our web site at www.uhsinc.com.  The webcast is also being distributed through the Thomson StreetEvents Network.  Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents.  Institutional investors can access the call via Thomson StreetEvents at www.streetevents.com .

General Information, Forward-Looking Statements and Risk Factors and Non-GAAP Financial Measures:

Universal Health Services, Inc. ("UHS") is one of the nation's largest hospital companies, operating acute care and behavioral health hospitals and ambulatory centers nationwide and in Puerto Rico.  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 herein, those related to healthcare industry trends and those detailed in our 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, 2009), 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.

We believe that operating income, operating margin, adjusted net income attributable to UHS, adjusted net income attributable to UHS per diluted share and earnings before interest, taxes, depreciation and amortization ("EBITDA"), which are non-GAAP financial measures ("GAAP" is Generally Accepted Accounting Principles in the United States of America), are helpful to our investors as measures of our operating performance. In addition, we believe that, when applicable, comparing and discussing our financial results based on these measures, as calculated, is helpful to our investors since it neutralizes the effect in each year of items that are nonrecurring or non-operational in nature including items such as, but not limited to, gains on sales of assets and businesses, reserves for settlements, legal judgments and lawsuits and other amounts that may be reflected in the current or prior year financial statements that relate to prior periods.  To obtain a complete understanding of our financial performance these measures should be examined in connection with net income, determined in accordance with GAAP, as presented in the condensed consolidated financial statements and notes thereto in this report or in our other filings with the Securities and Exchange Commission including our Report on Form 10-K for the year ended December 31, 2009. Since the items included or excluded from these measures are significant components in understanding and assessing financial performance under GAAP, these measures should not be considered to be alternatives to net income as a measure of our operating performance or profitability.  Since these measures, as presented, are not determined in accordance with GAAP and are thus susceptible to varying calculations, they may not be comparable to other similarly titled measures of other companies.  Investors are encouraged to use GAAP measures when evaluating our financial performance.

    
    
                        Universal Health Services, Inc.                    
                        -------------------------------                    
                       Consolidated Statements of Income                   
                       ---------------------------------                   
                    (in thousands, except per share amounts)               
                                                                           
                                                                           
                                     Three months         Twelve months    
                                  ended December 31,    ended December 31, 
                                  ------------------    ------------------ 
                                   2009       2008       2009       2008
                                   ----       ----       ----       ----
                                                                           
    Net revenues                $1,291,211 $1,237,402 $5,202,379 $5,022,417
                                                                           
    Operating charges:                                                     
       Salaries, wages and                                                 
        benefits                   562,931    532,667  2,204,422  2,133,181
       Other operating expenses    235,016    267,021    994,923  1,044,278
       Supplies expense            177,219    170,231    699,249    694,477
       Provision for doubtful                                              
        accounts                   127,869    111,299    508,603    476,745
       Depreciation and                                                    
        amortization                51,279     51,091    204,703    193,635
       Lease and rental expense     18,035     16,861     69,947     69,882
                                    ------     ------     ------     ------
                                 1,172,349  1,149,170  4,681,847  4,612,198
                                 ---------  ---------  ---------  ---------
                                                                           
    Income from operations         118,862     88,232    520,532    410,219
                                                                           
    Interest expense, net           10,513     13,060     45,810     53,207
                                    ------     ------     ------     ------
                                                                           
    Income from continuing                                                 
     operations before income                                              
     taxes                         108,349     75,172    474,722    357,012
                                                                           
    Provision for income taxes      39,167     28,026    170,475    123,378
                                    ------     ------    -------    -------
                                                                           
    Income from continuing                                                 
     operations                     69,182     47,146    304,247    233,634
                                                                           
    Income from discontinued 
     operations, net of                            
     income tax expense (a)              -      6,002          -      6,436
                                        --      -----         --      -----
                                                                           
    Net income                      69,182     53,148    304,247    240,070
                                                                           
    Less:  Net income attributable 
     to noncontrolling interests     8,317      6,671     43,874     40,693
                                   -------    -------   --------   --------
    Net income attributable to                                             
     UHS                           $60,865    $46,477   $260,373   $199,377
                                   =======    =======   ========   ========
                                                                           
    Basic earnings per share 
     attributable to UHS (b)                                               
       From continuing operations    $0.62      $0.40      $2.65      $1.90
       From discontinued operations      -       0.06          -       0.06
                                        --       ----         --       ----
         Total basic earnings per                                           
          share                      $0.62      $0.46      $2.65      $1.96
                                     =====      =====      =====      =====
                                                                           
    Diluted earnings per share 
     attributable to UHS (b)                                               
       From continuing operations    $0.62      $0.40      $2.64      $1.90
       From discontinued operations      -       0.06          -       0.06
                                        --       ----         --       ----
          Total diluted earnings per                                        
           share                     $0.62      $0.46      $2.64      $1.96
                                     =====      =====      =====      =====
    
    
    
                        Universal Health Services, Inc.                   
                        -------------------------------                   
                Footnotes to Consolidated Statements of Income            
                ----------------------------------------------            
                   (in thousands, except per share amounts)               
                                                                          
                                                                          
                                       Three months          Twelve months 
                                     ended December 31,     ended December 31,
                                    ------------------     ------------------
                                        2009     2008        2009      2008 
                                        ----     ----        ----      ---- 
                                                                          
    (a) Calculation of income from 
     discontinued operations, net of
     income tax:                                       
    -------------------------------- 
                                                                          
    Loss from discontinued                                                
     operations, pre-tax                   -    ($3,702)        -   ($2,996)
    Gain on divestiture                    -     13,413         -    13,413 
                                          --     ------        --    ------ 
    Income from discontinued                                              
     operations, pre-tax                   -      9,711         -    10,417 
    Income tax expense                     -     (3,709)        -    (3,981)
                                          --     ------        --    ------ 
    Income from discontinued                                              
     operations, net of taxes              -     $6,002         -    $6,436 
                                          ==     ======        ==    ====== 
                                                                          
                                                                          
    (b) Earnings per share calculation:                                   
    -----------------------------------                                   
                                                                          
    Basic and diluted:                                                    
    ------------------                                                    
    Income from continuing                                                
     operations                      $69,182    $47,146  $304,247  $233,634 
    Less: Net income attributable                                         
     to noncontrolling                                                    
     interest                         (8,317)    (6,671)  (43,874)  (40,693)
    Less: Net income attributable                                         
     to unvested restricted                                               
     share grants                       (234)      (143)   (1,146)     (719)
                                        ----       ----    ------      ---- 
    Income from continuing                                                
     operations attributable to                                           
     UHS - basic and diluted          60,631     40,332   259,227   192,222 
    Income from discontinued                                              
     operations, net of taxes              -      6,002         -     6,436 
                                          --      -----        --     ----- 
    Net income attributable to UHS -                                      
      basic and diluted              $60,631    $46,334  $259,227  $198,658 
                                     =======    =======  ========  ======== 
                                                                          
    Weighted average number of                                            
     common shares - basic            97,290    100,016    97,794   101,222 
                                      ------    -------    ------   ------- 
                                                                          
    Basic earnings per share 
     attributable to UHS:                         
         From continuing operations    $0.62      $0.40     $2.65     $1.90 
         From discontinued                                                
          operations                       -       0.06         -      0.06 
                                          --       ----        --      ---- 
              Total basic earnings per                                      
               share                   $0.62      $0.46     $2.65     $1.96 
                                       =====      =====     =====     ===== 
                                                                          
    Weighted average number of                                            
     common shares                    97,290    100,016    97,794   101,222 
    Add: Other share equivalents         790        256       481       196 
                                         ---        ---       ---       --- 
    Weighted average number of                                            
     common shares and equiv. -                                           
     diluted                          98,080    100,272    98,275   101,418 
                                      ------    -------    ------   ------- 
                                                                          
    Diluted earnings per share 
     attributable to UHS:                       
         From continuing operations    $0.62      $0.40     $2.64     $1.90 
         From discontinued                                                
          operations                       -       0.06         -      0.06 
                                          --       ----        --      ---- 
              Total diluted earnings
               per share               $0.62      $0.46     $2.64     $1.96 
                                       =====      =====     =====     ===== 
    
    
    
                          Universal Health Services, Inc.                    
                          -------------------------------                    
        Schedule of Non-GAAP Supplemental Consolidated Statements of Income  
                        Information ("Supplemental Schedule")                
        -------------------------------------------------------------------- 
               For the three months ended December 31, 2009 and 2008         
               -----------------------------------------------------         
                      (in thousands, except per share amounts)               
                                                                             
                                                                             
                                                                             
               Calculation of Adjusted Net Income Attributable to UHS        
               ------------------------------------------------------        
                                                                             
                              Three months ended        Three months ended  
                              December 31, 2009         December 31, 2008   
                              -----------------         -----------------   
                                           Per                        Per    
                            Amount    Diluted Share    Amount    Diluted Share
                            ------    -------------    ------    -------------
    Calculation of Adjusted                                                 
     Net Income Attributable
     to UHS (excluding                                                     
     discontinued operations)                                              
    ------------------------                                               
    Net income                                                            
     attributable to UHS     $60,865       $0.62      $46,477        $0.46 
    Less: Income from                                                     
     discontinued                                                         
     operations, net of                                                   
     income taxes                  -           -       (6,002)       (0.06)
    Adjustments to                                                        
     neutralize impact of:                                                
       Reduction to our                                                   
        workers' compensation
        self-insurance                                                    
        reserves relating                                                 
        primarily to years 
        prior to 2009, net                                                
        of income taxes       (4,350)      (0.05)           -            -
       South Texas Health                                                 
        System affiliates                                                 
        reserve, net of                                                   
        income taxes               -           -        9,153         0.09
       Partial liquidation                                                
        proceeds from a                                                   
        bankrupt commercial                                               
        insurer, net of                                                   
        income taxes               -           -       (5,968)       (0.06)
                                  --          --       ------        -----
    Subtotal - after-tax                                                  
     adjustments              (4,350)      (0.05)      (2,817)       (0.03)
                              ------       -----       ------        -----
    Adjusted net income                                                   
     attributable to UHS     $56,515       $0.57      $43,660        $0.43
                             =======       =====      =======        =====
    
                                                                            
                                                                            
                  Calculation of "EBITDA"                                   
                  -----------------------                                   
                                                                            
                             Three months ended       Three months ended 
                             December 31, 2009        December 31, 2008  
                              -----------------       -----------------  
    Calculation of                                                          
     "EBITDA"                                                               
    --------------                                                          
    Net revenues          $1,291,211       100.0%  $1,237,402        100.0%
                                                                            
    Operating charges:                                                
      Salaries, wages                                                
       and benefits          562,931        43.6%     532,667         43.0%
      Other operating                                           
       expenses             235,016        18.2%      267,021         21.6%
      Supplies expense      177,219        13.7%      170,231         13.8%
      Provision for                                              
       doubtful accounts    127,869         9.9%      111,299          9.0%
                            -------         ---       -------          --- 
                          1,103,035        85.4%    1,081,218         87.4%
                          ---------        ----     ---------         ---- 
                                                                 
    Operating income/                                            
     margin                  188,176       14.6%      156,184         12.6%
                                                                 
       Lease and rental                                          
        expense               18,035                   16,861       
       Net income                                                
        attributable to                                          
        noncontrolling                                        
        interests              8,317                    6,671       
                               -----                    -----       
                                                                      
    Earnings before,                                                  
     depreciation and                                                 
     amortization, interest                                           
     expense, and income                                              
     taxes ("EBITDA")       $161,824                 $132,652       
                            ========                 ========       
    
    
    
                          Universal Health Services, Inc.                   
                          -------------------------------                   
        Schedule of Non-GAAP Supplemental Consolidated Statements of Income 
                        Information ("Supplemental Schedule")               
        --------------------------------------------------------------------
               For the twelve months ended December 31, 2009 and 2008       
               ------------------------------------------------------       
                      (in thousands, except per share amounts)              
                                                                            
                                                                            
                                                                            
               Calculation of Adjusted Net Income Attributable to UHS       
               ------------------------------------------------------       
                                                                            
                             Twelve months ended        Twelve months ended 
                              December 31, 2009          December 31, 2008  
                              -----------------          -----------------  
                                           Per                        Per   
                            Amount    Diluted Share    Amount    Diluted Share
                            ------    -------------    ------    -------------
    Calculation of Adjusted Net                                               
     Income Attributable to UHS                                               
     (excluding discontinued                                                  
     operations)                                                              
    ---------------------------                                               
    Net income                                                                
     attributable to UHS    $260,373         $2.64    $199,377          $1.96 
    Less: Income from                                                         
     discontinued                                                             
     operations, net of                                                       
     income taxes                  -             -      (6,436)         (0.06)
    Adjustments to neutralize                                                 
     impact of:                                                               
       Reduction to our                                                       
        professional and general                                              
        liability self-insurance                                              
        reserves relating                                                     
        to years prior to                                                     
        2009, net of income                                                   
        taxes                (14,168)         (0.14)         -              - 
       Reduction to our 
        workers' compensation 
        self-insurance                                            
        reserves relating 
        primarily to years 
        prior to 2009, net
        of income taxes       (4,350)         (0.05)         -              -
       Discrete tax item                                                     
        recorded in connection                                               
        with settlement payment                                              
        made to government     4,331           0.04          -              -
       Gain on sale of real                                                  
        property and other                                                   
        investment, net                                                      
        of income taxes            -              -     (4,894)         (0.05)
       South Texas Health                                                    
        System affiliates
        reserve, net of                                                      
        income taxes               -              -     15,255           0.15
       Partial liquidation                                                   
        proceeds from a bankrupt                                             
        commercial insurer, 
        net of income taxes        -              -     (5,968)         (0.06)
                                  --             --     ------         ----- 
    Subtotal - after-tax                                                     
     adjustments             (14,187)         (0.15)    (2,043)         (0.02)
                             -------          -----      ------         -----
    Adjusted net income                                                       
     attributable to UHS    $246,186          $2.49   $197,334           $1.94
                            ========          =====   ========           =====
                                                                              
                                                                              
                                                                              
                     Calculation of "EBITDA"                                
                     -----------------------                                
                                                                            
                             Twelve months ended        Twelve months ended 
                              December 31, 2009          December 31, 2008  
                              -----------------          -----------------  
    Calculation of "EBITDA"                                                 
    -----------------------                                                 
    Net revenues          $5,202,379       100.0%     $5,022,417       100.0%
                                                                         
    Operating charges:                                                   
       Salaries, wages                                                   
        and benefits       2,204,422        42.4%      2,133,181        42.5%
       Other operating                                                   
        expenses             994,923        19.1%      1,044,278        20.8%
       Supplies expense      699,249        13.4%        694,477        13.8%
       Provision for                                                     
        doubtful accounts    508,603         9.8%        476,745         9.5%
                             -------         ---         -------         --- 
                           4,407,197        84.7%      4,348,681        86.6%
                           ---------        ----       ---------        ---- 
                                                                         
    Operating income/                                                    
     margin                  795,182        15.3%        673,736        13.4%
                                                                         
       Lease and rental                                                  
        expense               69,947                      69,882             
       Net income                                                        
        attributable to                                                  
        noncontrolling                                                
        interests             43,874                      40,693             
                              ------                      ------             
                                                                         
    Earnings before,                                                     
     depreciation and                                                    
     amortization,                                                       
     interest expense,                                                   
     and income taxes                                                    
     ("EBITDA")             $681,361                    $563,161             
                            ========                    ========             
    
    
    
                Universal Health Services, Inc.            
                -------------------------------            
             Condensed Consolidated Balance Sheets         
             -------------------------------------         
                   (in thousands, unaudited)               
                                                           
                                                           
                                   December 31,   December 31,
                                       2009           2008 
                                       ----           ---- 
    Assets                                                 
    Current assets:                                        
        Cash and cash                                      
         equivalents                 $9,180         $5,460 
        Accounts receivable, net    602,559        625,437 
        Supplies                     84,272         76,043 
        Other current assets         27,270         26,375 
        Deferred income taxes        51,336         34,522 
        Current assets held for sale 21,580         21,580 
                                     ------         ------ 
              Total current assets  796,197        789,417 
                                    -------        ------- 
                                                           
    Property and equipment        3,738,818      3,355,974 
    Less: accumulated                                      
     depreciation                (1,423,580)    (1,255,682)
                                 ----------     ---------- 
                                  2,315,238      2,100,292 
                                  ---------      --------- 
                                                           
    Other assets:                                          
        Goodwill                    732,685        732,937 
        Deferred charges              8,643         10,428 
        Other                       111,700        109,388 
                                    -------        ------- 
                                 $3,964,463     $3,742,462 
                                 ==========     ========== 
                                                           
    Liabilities and Stockholders' 
     Equity                   
    Current liabilities:                                   
        Current maturities of                              
         long-term debt              $2,573         $8,708 
        Accounts payable and                               
         accrued liabilities        578,617        542,008 
        Federal and state taxes       1,627         10,409 
                                      -----         ------ 
              Total current                                
               liabilities          582,817        561,125 
                                    -------        ------- 
                                                           
    Other noncurrent liabilities    375,580        407,652 
    Long-term debt                  956,429        990,661 
    Deferred income taxes            60,091         12,439 
                                                           
                                                           
    UHS common stockholders'                               
     equity                       1,751,071      1,543,850 
    Noncontrolling interest         238,475        226,735 
                                    -------        ------- 
              Total equity        1,989,546      1,770,585 
                                                           
                                 ----------     ---------- 
                                 $3,964,463     $3,742,462 
                                 ==========     ========== 
    
    
    
                     Universal Health Services, Inc.                 
                     -------------------------------                 
                  Consolidated Statements of Cash Flows              
                  -------------------------------------              
                              (in thousands)                         
                                                                     
                                                     Twelve months   
                                                  ended December 31, 
                                                  ------------------ 
                                                      2009      2008 
                                                      ----      ---- 
                                                                     
    Cash Flows from Operating Activities:                            
     Net income                                   $304,247  $240,070 
     Adjustments to reconcile net income to net                     
      cash provided by operating activities:                         
       Depreciation & amortization                 204,703   195,766 
       Gains on sales of assets and businesses,                       
        net of losses                               (1,346)  (21,464)
       Stock-based compensation expense             13,096    14,125 
       Provision for settlements                         -    25,000 
     Changes in assets & liabilities, net of 
      effects from acquisitions and dispositions:                    
       Accounts receivable                          (1,402)   22,445 
       Construction management and other receivable 29,519   (20,693)
       Accrued interest                                357      (123)
       Accrued and deferred income taxes            14,930    (3,483)
       Other working capital accounts              (18,828)    3,878 
       Other assets and deferred charges            (1,258)   21,003 
       Other                                           755     2,811 
       Accrued insurance expense, net of commercial                  
        premiums paid                               44,314    73,413 
       Payments made in settlement of self-                          
        insurance claims                           (55,782)  (58,561)
                                                   -------   ------- 
              Net cash provided by operating                         
               activities                          533,305   494,187 
                                                   -------   ------- 
                                                                     
    Cash Flows from Investing Activities:                            
       Property and equipment additions, net of                      
        disposals                                 (379,748) (354,537)
       Acquisition of property and businesses      (12,499)  (23,481)
       Proceeds received from sales of assets and                    
        businesses                                   9,770    82,062 
       Settlement proceeds received related to                       
        prior year acquisitions, net of expenses         -     1,539 
       Investment in joint-venture                       -    (1,249)
                                                        --    ------ 
              Net cash used in investing                             
               activities                         (382,477) (295,666)
                                                  --------  -------- 
                                                                     
    Cash Flows from Financing Activities:                            
       Reduction of long-term debt                 (66,499) (166,557)
       Additional borrowings                        26,069   151,129 
       Financing costs                                   -      (975)
       Repurchase of common shares                 (63,288) (149,404)
       Dividends paid                              (16,706)  (16,150)
       Issuance of common stock                      3,290     2,354 
       Profit distributions to noncontrolling                        
        interests                                  (29,866)  (31,087)
       Capital contributions from noncontrolling                     
        interests                                      121     2,333 
       Purchase of noncontrolling interest in                        
        majority owned business                       (229)   (1,058)
                                                      ----    ------ 
              Net cash used in financing                             
               activities                         (147,108) (209,415)
                                                  --------  -------- 
                                                                     
    Increase (decrease) in cash and cash                             
     equivalents                                     3,720   (10,894)
    Cash and cash equivalents, beginning of                          
     period                                          5,460    16,354 
                                                     -----    ------ 
    Cash and cash equivalents, end of period        $9,180    $5,460 
                                                    ======    ====== 
                                                                     
    Supplemental Disclosures of Cash Flow 
     Information:               
      Interest paid                                $57,018   $62,285 
                                                   =======   ======= 
                                                                     
      Income taxes paid, net of refunds           $155,368  $130,379 
                                                  ========  ======== 
    
    
    
                         Universal Health Services, Inc.    
                      Supplemental Statistical Information    
                                (un-audited)       
                                                                     
                                            % Change        % Change      
                                          Quarter Ended  12 months ended  
    --------------                                                        
    Same Facility:                         12/31/2009      12/31/2009     
    --------------                         ----------      ----------     
                                                                      
    Acute Care Hospitals                                              
    --------------------                                              
    Revenues                                  5.6%             3.6%   
    Adjusted Admissions                       3.1%             2.2%   
    Adjusted Patient Days                     1.0%             0.1%   
    Revenue Per Adjusted Admission            2.5%             1.4%   
    Revenue Per Adjusted Patient Day          4.6%             3.5%   
                                                                      
                                                                      
    Behavioral Health Hospitals                                       
    ---------------------------                                       
                                                                      
    Revenues                                  5.1%             3.9%   
    Adjusted Admissions                       4.5%             1.9%   
    Adjusted Patient Days                     3.9%             0.9%   
    Revenue Per Adjusted Admission            0.6%             2.0%   
    Revenue Per Adjusted Patient Day          1.2%             3.0%   
                                                                      
                                                                      
                                                                      
                                                                        
    ----------------                                                    
    UHS Consolidated     Fourth Quarter Ended           Twelve months Ended 
    ----------------     --------------------           ------------------- 
                       12/31/2009    12/31/2008      12/31/2009    12/31/2008
                       ----------    ----------      ----------    ----------
                                                                             
    Revenues           $1,291,211     $1,237,402    $5,202,379    $5,022,417 
    EBITDA   (1)          161,824        132,652       681,361       563,161 
    EBITDA Margin (1)        12.5%          10.7%         13.1%         11.2%
                                                                           
    Cash Flow From                                                         
     Operations            49,030         79,424       533,305       494,187 
    Days Sales Outstanding     43             47            42            46 
    Capital Expenditures  101,093        114,657       379,918       354,537 
                                                                             
    Debt                                               959,002       999,369 
    UHS Common                                                                
     Stockholders' Equity                            1,751,071     1,543,850 
    Debt / Total                                                              
     Capitalization                                       35.4%         39.3%
    Debt / EBITDA  (2)                                    1.41          1.77 
    Debt / Cash From                                                          
     Operations  (2)                                      1.80          2.02 
                                                                 
                                                                 
    Acute Care EBITDAR 
     Margin (3)              14.0%          10.8%         15.9%         13.4%
    Behavioral Health 
     EBITDAR Margin  (3)     25.0%          22.7%         25.1%         23.3%
                                                                             
                                                                             
    (1)  Net of Minority Interest 
    (2)  Latest 4 quarters 
    (3)  Before Corporate overhead allocation, minority interest and prior
         year self insurance reserve adjustment booked in 2009 
    
    
                          UNIVERSAL HEALTH SERVICES, INC.
               SELECTED HOSPITAL STATISTICS FOR THE THREE MONTHS ENDED
                                DECEMBER 31, 2009
    AS REPORTED:
    ------------
                                                    ACUTE (1)
                                           12/31/09     12/31/08    %  change
                                           --------     --------    ---------
    
     Hospitals owned and leased                 21           21        0.0%
     Average licensed beds                   5,540        5,450        1.7%
     Patient days                          289,469      290,196       -0.3%
     Average daily census                  3,146.4      3,154.3       -0.3%
     Occupancy-licensed beds                  56.8%        57.9%      -1.9%
     Admissions                             66,018       64,851        1.8%
     Length of stay                            4.4          4.5       -2.0%
    
     Inpatient revenue                  $2,471,016   $2,292,917        7.8%
     Outpatient revenue                  1,018,861      906,669       12.4%
     Total patient revenue               3,489,877    3,199,586        9.1%
     Other revenue                          17,254       16,837        2.5%
     Gross hospital revenue              3,507,131    3,216,423        9.0%
    
     Total deductions                    2,557,018    2,323,146       10.1%
    
     Net hospital revenue                 $950,113     $893,277        6.4%
    
    
    AS REPORTED:
    ------------
                                               BEHAVIORAL HEALTH
                                          12/31/09    12/31/08    %  change
                                          --------    --------    ---------
     Hospitals owned and leased                84          81        3.7%
     Average licensed beds                  8,054       7,742        4.0%
     Patient days                         530,927     505,028        5.1%
     Average daily census                 5,770.9     5,489.4        5.1%
     Occupancy-licensed beds                 71.7%       70.9%       1.1%
     Admissions                            33,614      31,325        7.3%
     Length of stay                          15.8        16.1       -2.0%
    
     Inpatient revenue                   $522,505    $484,524        7.8%
     Outpatient revenue                    73,255      64,741       13.2%
     Total patient revenue                595,760     549,265        8.5%
     Other revenue                          8,120       8,096        0.3%
     Gross hospital revenue               603,880     557,361        8.3%
    
     Total deductions                     272,925     247,251       10.4%
    
     Net hospital revenue                $330,955    $310,110        6.7%
    
    
    SAME FACILITY:
    --------------
                                          ACUTE  (1)
                                 12/31/09     12/31/08    %  change
                                 --------     --------    ---------
    
     Hospitals owned and leased       21           21        0.0%
     Average licensed beds         5,540        5,450        1.7%
     Patient days                289,469      290,196       -0.3%
     Average daily census        3,146.4      3,154.3       -0.3%
     Occupancy-licensed beds        56.8%        57.9%      -1.9%
     Admissions                   66,018       64,851        1.8%
     Length of stay                  4.4          4.5       -2.0%
    
    
    SAME FACILITY:
    --------------
                                         BEHAVIORAL HEALTH (2)
                                  12/31/09       12/31/08  %  change
                                  --------       --------  ---------
    
     Hospitals owned and leased      81             81        0.0%
     Average licensed beds        7,852          7,742        1.4%
     Patient days               523,590        505,052        3.7%
     Average daily census       5,691.2        5,489.7        3.7%
     Occupancy-licensed beds       72.5%          70.9%       2.2%
     Admissions                  32,646         31,325        4.2%
     Length of stay                16.0           16.1       -0.5%
    
    
    (1) Acute care hospitals located in New Orleans and Central Montgomery 
        Medical Center are excluded in current and prior years.
    (2) Centennial Peaks, Coastal Behavioral, Shenandoah Valley and 
        Springwoods Behavioral are excluded in both current and prior years. 
        Central Florida and Summit Ridge Hospital is included from September 
        1st through year to date. Broad Horizons, Highlander RTC, Midwest 
        Youth and Vista Group Homes are excluded in both current and prior 
        years.
    
    
                        UNIVERSAL HEALTH SERVICES, INC. 
            SELECTED HOSPITAL STATISTICS FOR THE TWELVE MONTHS ENDED
                              DECEMBER 31, 2009
    
    AS REPORTED:
    ------------
                                             ACUTE (1)
                                     12/31/09     12/31/08   %  change
                                     --------     --------   ---------
    
     Hospitals owned and leased          21           21        0.0%
     Average licensed beds            5,484        5,452        0.6%
     Patient days                 1,166,704    1,182,985       -1.4%
     Average daily census           3,196.4      3,232.2       -1.1%
     Occupancy-licensed beds           58.3%        59.3%      -1.7%
     Admissions                     265,244      263,536        0.6%
     Length of stay                     4.4          4.5       -2.0%
    
     Inpatient revenue           $9,901,032   $9,292,596        6.5%
     Outpatient revenue           4,100,427    3,655,051       12.2%
     Total patient revenue       14,001,459   12,947,647        8.1%
     Other revenue                   70,879       72,578       -2.3%
     Gross hospital revenue      14,072,338   13,020,225        8.1%
    
     Total deductions            10,262,666    9,350,721        9.8%
    
     Net hospital revenue        $3,809,672   $3,669,504        3.8%
    
    
    AS REPORTED:
    ------------
                                       BEHAVIORAL HEALTH
                                     12/31/09    12/31/08   %  change
                                     --------    --------   ---------
    
     Hospitals owned and leased            84          81       3.7%
     Average licensed beds              7,921       7,658       3.4%
     Patient days                   2,105,625   2,085,114       1.0%
     Average daily census             5,768.8     5,697.0       1.3%
     Occupancy-licensed beds             72.8%       74.4%     -2.1%
     Admissions                       136,639     129,553       5.5%
     Length of stay                      15.4        16.1      -4.3%
    
     Inpatient revenue             $2,075,141  $1,951,560       6.3%
     Outpatient revenue               282,473     258,022       9.5%
     Total patient revenue          2,357,614   2,209,582       6.7%
     Other revenue                     31,728      34,330      -7.6%
     Gross hospital revenue         2,389,342   2,243,912       6.5%
    
     Total deductions               1,074,313     992,796       8.2%
    
     Net hospital revenue          $1,315,029  $1,251,116       5.1%
    
    
    SAME FACILITY:
    --------------
                                              ACUTE  (1)
                                     12/31/09     12/31/08    %  change
                                     --------     --------    ---------
     Hospitals owned and leased          21           21        0.0%
     Average licensed beds            5,484        5,452        0.6%
     Patient days                 1,166,613    1,182,985       -1.4%
     Average daily census           3,196.2      3,232.2       -1.1%
     Occupancy-licensed beds           58.3%        59.3%      -1.7%
     Admissions                     265,244      263,536        0.6%
     Length of stay                     4.4          4.5       -2.0%
    
    
    
    SAME FACILITY:
    --------------
                                        BEHAVIORAL HEALTH (2)
                                      12/31/09   12/31/08  %  change
                                      --------   --------  ---------
    
     Hospitals owned and leased           81         81       0.0%
     Average licensed beds             7,685      7,543       1.9%
     Patient days                  2,072,945  2,048,941       1.2%
     Average daily census            5,679.3    5,598.2       1.4%
     Occupancy-licensed beds            73.9%      74.2%     -0.4%
     Admissions                      132,230    129,379       2.2%
     Length of stay                     15.7       15.8      -1.0%
    
    
    (1) Acute care hospitals located in New Orleans and Central
        Montgomery Medical Center are excluded in current and prior years.
    (2) Centennial Peaks, Coastal Behavioral, Shenandoah Valley and
        Springwoods Behavioral are excluded in both current and prior years.
        Central Florida and Summit Ridge Hospital is included from September
        1st through year to date. Broad Horizons, Highlander RTC, Midwest 
        Youth and Vista Group Homes are excluded in both current and prior
        years.

SOURCE Universal Health Services, Inc.

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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