Universal Health Services, Inc. Reports 2008 Third Quart...( Consolidated Resu...),Health

Consolidated Results of Operations:

KING OF PRUSSIA, Pa., Oct. 27 /PRNewswire-FirstCall/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that its net income was $37.0 million, or $.73 per diluted share, during the third quarter ended September 30, 2008, representing a 14% increase over the adjusted net income per diluted share earned during the third quarter of 2007, as discussed below. Net income was $152.9 million, or $3.00 per diluted share, during the nine-month period ended September 30, 2008, representing a 29% increase over the adjusted net income per diluted share earned during nine-month period ended September 30, 2007.

Reported net income was $28.9 million, or $.54 per diluted share, during the three-month period ended September 30, 2007 and $130.4 million, or $2.43 per diluted share, during the nine-month period ended September 30, 2007. After adjusting our 2007 results for the items indicated on the attached Schedules of Non-GAAP Supplemental Consolidated Statements of Income Information ("Supplemental Schedule"), our adjusted net income was $34.1 million, or $.64 per diluted share, during the third quarter of 2007 and $124.7 million, or $2.32 per diluted share, during the nine-month period ended September 30, 2007. As indicated on the Supplemental Schedules, the combined net impact of the various favorable and unfavorable items included in our net income during the 2007 periods amounted to: (i) an unfavorable $5.3 million, or $.10 per diluted share, during the three-month period ended September 30, 2007, and; (ii) a favorable $5.8 million, or $.11 per diluted share, during the nine-month period ended September 30, 2007.

Net revenues increased 7% to $1.24 billion during the th
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