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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

he condensed consolidated financial statements and notes thereto in this report or in our other filings with the Securities and Exchange Commission including our Report on Form 10-K for the year ended December 31, 2008. Since the items included or excluded from these measures are significant components in understanding and assessing financial performance under GAAP, these measures should not be considered to be alternatives to net income as a measure of our operating performance or profitability. Since these measures, as presented, are not determined in accordance with GAAP and are thus susceptible to varying calculations, they may not be comparable to other similarly titled measures of other companies. Investors are encouraged to use GAAP measures when evaluating our financial performance.

                         Universal Health Services, Inc.
                         -------------------------------
                        Consolidated Statements of Income
                        ---------------------------------
                    (in thousands, except per share amounts)


                                     Three months          Twelve months
                                  ended December 31,    ended December 31,
                                  ------------------    ------------------
                                      2008       2007       2008       2007
                                      ----       ----       ----       ----

    Net revenues                $1,237,402 $1,177,337 $5,022,417 $4,683,150

    Operating charges:
       Salaries, wages and
        benefits                   532,667    510,442  2,133,181  2,004,995
       Other operating expenses    267,021    244,909  1,044,278    982,614
       Supplies expense            170,231    166,390    694,477    666,320
       Provision for doubtful
        accounts                   111,299    102,180    476,745    410,543
   
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SOURCE Universal Health Services, Inc.
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