Universal Health Services, Inc. Expands Acute Care Operations In Nevada

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Aug 16, 2016, 04:30 ET

KING OF PRUSSIA, Pa., Aug. 16, 2016 /PRNewswire/ -- Universal Health Services, Inc. (NYSE: UHS) announced today that it has completed the acquisition of Desert View Regional Medical Center, a twenty-five bed hospital in Pahrump, Nevada. This acquisition expands UHS's acute care operations in Nevada, which includes six acute care hospitals in Las Vegas and Northern Nevada Medical Center in Sparks, Nevada.

"This acquisition reflects our focused efforts to invest and expand in our existing markets, and will complement the opening of our newest hospital in Henderson, Nevada later this year," said Alan B. Miller, Chief Executive Officer.

Desert View Hospital is an independent, 72,650 square foot hospital providing vital care to the Pahrump community, located close to the Nevada-California border. The hospital includes two surgical suites, diagnostic imaging center, emergency room, physical therapy, laboratory and other ancillary departments. The hospital has also received numerous awards for patient satisfaction including the Silver Syringe Award for community health improvement.

"We at Rural Health Group (RHG) feel honored to have had the opportunity to serve the healthcare needs of the people of Pahrump over the last 10 years and are proud to have been part of this wonderful community. We want to especially thank the board members, staff, and physicians and all those that have supported us over the years," said Mark Stoddard, President of RHG. "Given the growing need for healthcare services in this area, we believe that UHS has the clinical, operational and capital capabilities to further expand and take this hospital to the next level," said Ken Richens, Executive Vice President at RHG.

Universal Health Services (NYSE: UHS) is one of the largest and most respected hospital management companies in the nation. For nearly 40 years, UHS and its affiliates have focused on meeting patients' healthcare needs across hundreds of local communities. Today, UHS subsidiaries own and/or operate more than 240 acute care hospitals and behavioral health facilities in 37 states, Washington, D.C., Puerto Rico, U.S. Virgin Islands and the U.K. In 2015, UHS facilities provided care to more than 2.5 million patients. UHS constantly strives to put patients first while adhering to the highest clinical performance standards. Over the past 4 years, 83 UHS facilities have been designated Top Performer in Key Quality Measures by The Joint Commission. In the Behavioral Health Division, over half of UHS's eligible facilities received this distinguished recognition for the quality of our services. For additional information on the Company, visit our web site: http://www.uhsinc.com.

Certain statements in this release may constitute forward-looking statements and are subject to various risks and uncertainties as discussed in the Company's filing with the Securities and Exchange Commission. The Company is not obligated to update these forward-looking statements even if the Company's assessment of these risks and uncertainties changes.

SOURCE Universal Health Services, Inc.