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Universal Health Services, Inc. Reports 17% Increase in 2009 First Quarter Earnings from Continuing Operations Per Diluted Share
Date:4/27/2009

Consolidated Results of Operations:

KING OF PRUSSIA, Pa., April 27 /PRNewswire-FirstCall/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that its net income was $67.5 million, or an increase of 14% to $1.37 per diluted share, during the first quarter of 2009 as compared to $61.7 million, or $1.20 per diluted share, during the comparable prior year quarter. Income from continuing operations was $67.5 million, or an increase of 17% to $1.37 per diluted share, during the first quarter of 2009 as compared to $60.1 million, or $1.17 per diluted share, during the comparable prior year quarter.

Net revenues increased 3% to $1.31 billion during the first quarter of 2009 as compared to $1.28 billion during the first quarter of 2008. Our consolidated operating margin, as calculated on the attached Supplemental Schedule, was 15.6% and 14.8% during the three-month periods ended March 31, 2009 and 2008, respectively.

Acute Care Services:

At our acute care hospitals owned during both periods ("same facility basis"), inpatient admissions decreased 1.1% and patients days decreased 2.2% during the first quarter of 2009, as compared to the first quarter of 2008. On a same facility basis, net revenues at our acute care facilities increased 0.9% during the first quarter of 2009 as compared to the comparable prior year quarter. Net revenue per adjusted admission and adjusted patient day at these facilities increased 0.9% and 2.0%, respectively, during the first quarter of 2009 over the comparable prior year quarter. The operating margin at our acute care hospitals owned during both periods increased to 17.5% during the first quarter of 2009 as compared to 16.2% during the first quarter of 2008.

We provide care to patients who meet certain financial or economic criteria without char
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SOURCE Universal Health Services, Inc.
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