Universal Health Services, Inc. to Purchase Three California Hospitals From Vista Health System
06/11/2003
KING OF PRUSSIA, Pa., June 11 /PRNewswire-FirstCall/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that it has signed an agreement to purchase the assets of three acute care hospitals from Vista Health System including the 228-bed Corona Regional Medical Center located in Corona, California, 112-bed French Medical Center located in San Louis Obispo and 65-bed Arroyo Grande Community Hospital located in Arroyo Grande.
The purchase of these hospitals will be subject to both bankruptcy and customary regulatory approvals. Closing of the transaction is expected to take place within the next nine to twelve months.
Universal Health Services, Inc. is one of the nation's largest hospital companies, operating acute care and behavioral health hospitals, 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).
Certain statements in this release may constitute forward-looking statements and 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.
SOURCE Universal Health Services, Inc. -0- 06/11/2003 /CONTACT: Steve Filton, Chief Financial Officer, Universal Health Services, +1-610-768-3300/ /Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/916225.html/ /Web site: http://www.uhsinc.com / (UHS UHT) CO: Universal Health Services, Inc.; Vista Health System; Universal Health Realty Income Trust ST: Pennsylvania, California IN: HEA FIN RLT SU: TNM BCY FB -- PHW036 -- 4241 06/11/2003 11:54 EDT http://www.prnewswire.com