KING OF PRUSSIA, Pa.,
May 2, 2016 /PRNewswire/
-- Universal Health Services, Inc. (NYSE: UHS) announced today
that it has agreed to purchase the minority ownership interests
held by a third-party in its six acute care hospitals located in
Las Vegas, Nevada. In connection
with this transaction, the Company will make an aggregate cash
payment of $445 million to the
third-party which includes both the purchase price and return of
capital.
The ownership interests purchased, which range from 26.1% to
27.5%, relate to Centennial Hills Hospital Medical Center, Desert
Springs Hospital, Henderson Hospital (currently under
construction), Spring Valley Hospital Medical Center, Summerlin
Hospital Medical Center and Valley Hospital Medical Center.
"This transaction reflects our continued confidence in the
performance of our hospitals in the Las
Vegas market and, in particular, our enthusiasm for the
opening of our newest hospital in Henderson, Nevada later this year," said
Alan B. Miller, Chief Executive
Officer.
UHS is one of the nation's largest hospital companies operating
through its subsidiaries acute care hospitals, behavioral health
facilities and ambulatory centers located throughout the United States, the United Kingdom, 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 which are
based on the current expectations of UHS and which are inherently
subject to uncertainties and changes in circumstances. UHS
undertakes 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. Please refer to UHS's filings with the SEC,
including its most recent Annual Report on Form 10-K for the year
ended December 31, 2015, for more
information on additional risks that could cause actual results to
differ from the forward-looking statements made herein.
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SOURCE Universal Health Services, Inc.