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Universal Health Services, Inc. Reports Significant Increases in 2008 Fourth Quarter and Full Year Earnings from Continuing Operations Per Diluted Share and Reports 2009 Guidance
Date:2/26/2009

------- ------- Net income $46,477 $39,954 ======= ======= Three months ended Three months ended December 31, 2008 December 31, 2007 ----------------- ----------------- Per Per Diluted Diluted Amount Share Amount Share ------ -------- ------ -------- Calculation of Adjusted Income from Continuing Operations ------------------------------ Income from continuing operations $40,475 $0.81 $39,690 $0.75 Plus/minus adjustments: South Texas Health System affiliates reserve, net of income taxes 9,153 0.18 - - PHICO estate liquidation proceeds, net of income taxes (5,968) (0.12) - - ------ ----- --- --- Subtotal after-tax adjustments to income from continuing operations 3,185 0.06 - - ----- ---- --- --- Adjusted income from continuing operations $43,660 $0.87 $39,690 $0.75 ======= ===== ======= ===== Calculation of Adjusted Net Income ---------------------------------- Net income $46,477 $0.93 $39,954 $0.75 After-tax adjustments to income from continuing operations, a
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