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universal helath services 2004front

  2. 2. CORPORATE PROFILE Universal Health Services, Inc. is one of the largest and most experienced hospital management companies in the nation. We have focused our efforts on managing acute care hospitals, behavioral health hospitals, and ambulatory surgery and radiation oncology centers. We believe hospitals will remain the focal point of the health care delivery system. We have built our success by remaining committed to a program of rational growth around our core businesses and seeking opportunities complementary to them. The future of our industry remains bright for those whose focus is providing quality health care on a cost-effective basis. Index Financial Highlights.................................................. 1 Shareholders Letter............................................... 2-3 Acute and Behavioral Facilities ....................... 4-14 Financial Results.................................................. 15-95 Directory of Hospitals..................................... 96-97 Board of Directors............................................ 98 Officers/Corporate Information................................ 99
  3. 3. FINANCIAL HIGHLIGHTS PERCENTAGE 2004 2003 2002 YEAR ENDED DECEMBER 31 CHANGE NET REVENUES $ 3,938,320,000 $ 3,391,506,000 16% $ 2,991,919,000 NET INCOME $ 169,492,000 $ 199,269,000 -15% $ 175,361,000 EARNINGS PER SHARE (DILUTED) $ 2.75 $ 3.20 -14% $ 2.74 PATIENT DAYS 2,827,859 2,509,408 13% 2,338,377 ADMISSIONS 440,934 397,984 11% 372,415 AVERAGE NUMBER OF LICENSED BEDS 11,458 10,119 13% 9,636 Earnings Per Share Admissions Net Revenues (diluted) (in thousands) (in millions) $3.40 460 $4,000 $2.98 403 $3,500 $2.55 345 $3,000 $2.13 288 $2,500 $1.70 230 $2,000 $1.28 173 $1,500 $.85 115 $1,000 $.43 58 $500 $0 $0 $0 00 01 02 03 04 00 01 02 03 04 00 01 02 03 04 1
  4. 4. TO OUR SHAREHOLDERS The results this past year did In the past, hospitals could Uncommon Strengths not meet our expectations. reach their revenue goals by While revenues, admissions, building patient volume. This, While UHS is subject to and development activity too, has become more diffi- the current challenges of were robust, earnings did not cult as physicians have grown the hospital management keep pace with our 2003 results. increasingly competitive with industry, we have uncommon Net revenues for the year hospitals by establishing strengths that will help us ended December 31, 2004, limited-service “specialty” weather these challenges were $3.9 billion, a 16% hospitals, outpatient surgery better than many of our increase from the prior year. centers, diagnostic centers, peers. They include: Net income for the year, and other facilities that tend • Geographic Positioning: though, decreased 15 percent to attract the more profitable UHS currently operates facilities from 2003 to $169 million or patients from existing acute in 24 states, the District of $2.75 per share (diluted). By care facilities. Columbia, Puerto Rico and year-end 2004, shareholders’ As a result of these France. Our strategy of equity increased 12% to $1.2 trends, acute care hospitals locating in areas of above- billion and long-term debt are facing a more competitive average population growth declined to $852 million. environment in which to offers the potential for The past year has been a operate. better admissions growth challenging one for both UHS Despite these recent over the long term. and America’s hospital industry. challenges, the hospital • Dominant Local Throughout the nation, management industry remains Franchises: UHS hospitals are hospitals have experienced fundamentally sound, with market leaders, with 94 percent a surge in bad debt and predictable and growing of our facilities ranking first charity care as the number of demand, limited technology or second in their respective uninsured patients continued risk, high cash flow generation, markets. to rise. UHS’s acute care bad and a position at the center • Growth-Oriented debt has grown to almost of our health care delivery Investments: UHS continues ten percent of our total system. to invest in new facilities and revenue, slightly less than In addition, long-term technologies that attract more the industry average, but demographic trends are patients and health care still a significant increase. favorable for the industry. professionals. In the past year, With increased employment The 50+ age group is the we have built new facilities in the nation, we expect bad fastest-growing segment of or significant addtions at debt expense to stabilize in the U.S. population, increasing several of our hospitals, and 2005. Still, indigent patients at more than triple the rate of have added new technologies and other forms of non-pay- the 20-34 age group. And such as the Picture Archival ment will continue to repre- as people age, the number Communication System sent a challenging issue for of annual days they spend (PACS), which allows radiology hospitals, which, at times, are in the hospital steadily increases, images to be viewed via obligated to provide services rising from approximately 565 personal computers. regardless of an individual’s per 1000 population in the • Premier Reputation: ability to pay. 45-64 age category, to 1469 in UHS has earned an outstand- Additionally, changes the 65-74 year-old category, to ing reputation for providing in benefit plan design more than 3700 in the 85+ high-quality health care at a have shifted more of the category. As a result, the reasonable cost – and for financial burden for payment acute care hospital industry is being an excellent corporate of hospital bills to the expected to experience an citizen. We continue to employee or the consumer. increase in demand from this strengthen this reputation These changes have served aging population for many through our vigorous quality to reduce demand at hospitals years to come. initiatives. throughout the country. 2
  5. 5. • Strong Financial unable to admit patients due nurses and other personnel. Position and Cash Flow: to a shortage of beds in We plan to maintain UHS remains one of the only certain programs. the steady course that has investment-grade credit rated To address this situation, served us so well for more companies in the hospital our Behavioral Health Division than a quarter-century. That management industry. And has undertaken an aggressive is, we will continue to deliver we have consistently used effort to increase its capacity. quality health care at a our strong cash flow to make Our design and construction reasonable cost, focusing on strategic acquisitions and teams are working hard to markets with above-average reinvest in our facilities. fast-track this important population growth. And, we initiative. Over the next three will continue to invest in our Awards and Recognition years we will be adding close facilities and our people so to 600 beds. that our hospitals will be the The many strengths of UHS This will include new preferred providers in their have not gone unnoticed capacity at Lakeside Behavioral respective communities. within the health care industry Health System in Memphis, We believe that this and the financial community. Tennessee; North Star course offers our company UHS has been named Behavioral Health System in and its shareholders the best one of the best big companies Palmer, Alaska; The BridgeWay prospects for long-term in America for profitability and Hospital in North Little Rock, growth and profitability. growth by the FORBES Arkansas; and Two Rivers We thank you for being Platinum List of 400 in 2003 Psychiatric Hospital in Kansas our shareholders, and pledge and 2004. And, our company City, Missouri. to do everything possible to was named one of the “100 In our Acute Care Division, achieve positive results on Best Places to Work in IS” by the Fort Duncan Medical your behalf in the months and ComputerWorld magazine in Center, Centennial Hills years ahead. 1997, 1998, and again in 2004. Hospital, Temecula Hospital, Our individual hospitals and Palmdale Regional Medical also continued to win recognition. Center are just a few of the For example, in its annual major projects that are under- ranking of the nation’s “100 way to meet increasing Top Hospitals,” Modern demand in the years ahead. Healthcare magazine listed In addition, our 2004 Wellington Regional Medical acquisitions such as Corona Center, our facility in West Regional Medical Center in Palm Beach, Florida, for the Corona, California; Pendleton third consecutive year. Methodist Memorial Hospital and Lakeland Medical Center Investing In Our Future in New Orleans; Stonington Institute in Stonington, With confidence in the future Connecticut; and four of our company and our behavioral facilities in industry, UHS continues to Georgia, Arkansas, Kentucky, build new capacity and new and Nevada, further enhance services nationwide. our ability to serve more For instance, the demand patients nationwide. for behavioral health care A Steady Course nationwide has significantly increased over the past several years, yet the number To manage in the current Alan B. Miller of beds per capita has environment, UHS has Chairman of the Board declined. At UHS behavioral continued to focus on President and Chief health facilities, occupancy expansion, service, cost Executive Officer exceeded 80 percent in 2004, control, and the recruitment and some facilities have been and retention of qualified 3
  6. 6. In September, 2004, UHS completed construction of Lakewood Ranch Medical Center, a 120-bed acute care hospital in Bradenton, Florida – part of the Manatee Healthcare System. LAKEWOOD RANCH MEDICAL CENTER • Building or acquiring Examples of all of these ACUTE CARE DIVISION hospitals in areas of strategic pillars can be above-average population found in the highlights The past year was growth of 2004. not an easy one in the • Continually investing hospital management Expanding Our Portfolio in our existing hospitals industry. But UHS is through new facilities, meeting the challenges technologies, and health Targeted acquisitions are a of this difficult environ- care services core component ment, and is positioned Lakewood Ranch • Delivering high-quality of the UHS for continued growth. offers state-of-the-art care to all patients strategy. We UHS holds a strong technology and personalized • Creating regional health completed two position as America’s patient care. care networks in third-largest hospital order to become management company, a dominant with more than 40 acute provider within care facilities located in the community the United States and • Building France. And in 2004, strong relation- our consistent hospital ships with management strategy communities continued to yield positive and health care results. This strategy professionals focuses on: 4
  7. 7. important acquisitions testing, rehabilitation, of construction and in 2004, both in areas of and geriatric behavioral expansion projects at its strong population growth. health center. Methodist existing acute care hospi- In January, we acquired is just ten miles from tals across the country. Corona Regional Medical our Chalmette Medical At Fort Duncan Center, a 228-bed hospital Center, and the two Medical Center in Eagle in Corona, California, near hospitals will benefit Pass, Texas, for example, Los Angeles. from sharing resources, we broke ground on a $40 Also in January, we group purchasing, and million project to replace acquired a 90 percent other operating efficiencies. the existing hospital with interest in both Pendleton an entirely new facility. Building for the Future Memorial Methodist In the Eastern region, Hospital, a 306-bed acute a new patient tower was care facility in East New To meet increasing completed at Wellington Orleans, Louisiana; and demand and enhance the Regional Lakeland Medical Pavilion, quality of care, UHS also Medical The future look of its affiliated outpatient engaged in a wide range Center Fort Duncan Medical Center, Eagle Pass, TX FORT DUNCAN MEDICAL CENTER 5
  8. 8. Leading the way through professionalism Improving Care and compassion, Kathy Kerfoot, Quality Through Technology Manager of St. Mary’s Regional Medical Center, received a 2004 Oklahoma Technology plays a vital Hospital Association Quality Professional Award for her distinguished leadership role in improving the and guidance in quality initiatives quality and efficiency of at the hospital. health care – while reducing overall costs. And UHS Kathy Kerfoot, CPHQ, Quality Manager of St. Mary’s Regional is one of the industry’s Medical Center, Enid, Oklahoma. leading innovators in the use of important new in West Palm Beach, room for patients who medical technologies. Florida, and another patient have been exposed to a For example, the tower is under develop- hazardous substance. Picture Archival ment at Manatee Memorial Also in Las Vegas, Communication System Hospital in Bradenton, planning has begun for (PACS) enables medical Florida. construction of Centennial professionals to view Bradenton is also the Hills Hospital in the north- radiology images such site of Lakewood Ranch western corner of the city. as x-rays, CAT scans, Medical Center, a brand- This 176-bed facility will be and magnetic resonance new, 120-bed acute care the fifth member of our imaging (MRI) images hospital and the newest large and growing network through any personal member of the Manatee in the greater Las Vegas computer. As a result, it Healthcare System. region, which remains the allows more efficient In the Western region, nation’s fastest-growing diagnosis and treatment, at Valley Hospital Medical major metropolitan area. regardless of where Center in Las Vegas, we opened an expanded emergency critical care center that includes a total of 54 beds. This state-of- Frank Lopez was the CEO of the award-winning the-art facility comprises St. Mary’s Regional two major treatment rooms Medical Center until his for patients with cardiac or recent promotion to CEO respiratory distress, a rapid of Northwest Texas treatment room, new Healthcare System in Amarillo, Texas onsite x-ray equipment, and a decontamination 6
  9. 9. patients and physicians Center, and Spring economies of scale. are located. Valley Medical Center. We also used our A growing number purchasing power to Managing Costs of existing UHS hospitals negotiate the most favor- have implemented the able terms with the leading PACS system, including With revenues under regional and national Aiken Regional Medical pressure industry-wide, managed care providers. Centers, Northwest Texas UHS worked even harder Focusing on Business Healthcare System, to control costs. Development The George Washington Because of our University Hospital in nationwide presence, Washington, D.C., UHS benefits from Throughout UHS acquired a 90% Manatee Memorial volume purchasing, our network interest in Pendleton Hospital, Lakewood national contracts, of acute care Memorial Methodist Ranch, Wellington centralized technology hospitals, Hospital in East New Regional Medical systems, and other UHS has Orleans, LA. METHODIST HOSPITAL 7
  10. 10. Kevin DiLallo, CEO of Wellington Regional Medical Center, West Palm believe that it will result in Beach, Florida. Wellington has a higher quality of care to again been selected as one of the every patient. nation’s 100 Top Hospitals. “It is a tribute to the quality of our hospital’s The UHS Acute Care management team, employees and Division comprises an medical staff”, says DiLallo. exceptional group of hospitals, staffed by a dedicated team of health care professionals. Its value is measured not energized its staff to support we are expanding the only in its continued flow business development. list of services available of strong revenues and For example, we in order to better meet profits, but in the thousands are working to further the needs of each local of lives it enhances every strengthen our relationships community. day of the year. with medical professionals We believe that this by offering the services new focus will help UHS To meet rapidly-rising and facilities that help become an even stronger demand, UHS has begun them achieve their patient presence in the communi- construction of a new patient tower at Manatee care goals. In addition, ties it serves. And we Memorial Hospital. MANATEE MEMORIAL HOSPITAL
  11. 11. LAKESIDE BEHAVIORAL HEALTH SYSTEM The all-new facility at Lakeside Behavioral occupancy running to geriatrics, adults, BEHAVIORAL Health System at 80 percent of capacity adolescents, and children, HEALTH DIVISION accommodates 110 in 2004, the Behavioral on a 37-acre campus. adult patient beds. Health Division continued Specialty programs include UHS operates the largest to add new capacity to an impaired professionals behavioral health group of its existing facilities. program, a dual diagnosis any hospital management Examples of this residential treatment company in the United strategy include: program for adolescents States, with a total of 49 ages 12-17, a nationally facilities from Connecticut Lakeside Behavioral recognized inpatient to Alaska. Health System suicide prevention In 2004, our network program, and two trauma of behavioral hospitals At Lakeside Behavioral programs for adults and continued to grow, through Health System in adolescents. expansions, acquisitions, Memphis, Tennessee, In addition, Lakeside strong admissions, and we replaced an aging offers assessment/referral the consistent pursuit of facility with a new, and intensive outpatient quality care. state-of-the-art building. services in two satellite Lakeside is now a locations, and operates Expanding to Meet 204-bed hospital that two county alternative Rising Demand provides psychiatric and schools and a private chemical dependency school. Lakeside also With same-store admis- treatment services provides mobile sions up six percent and 9
  12. 12. THE BRIDGEWAY HOSPITAL assessment services for patients resolve a wide three-facility North Star nine hospital emergency range of behavioral health Behavioral Health System. departments. problems. Its inpatient With 137 treatment and outpatient services beds, North Star is already The BridgeWay Hospital include programs for Alaska’s largest behavioral adults, children/adolescents, health provider, public or At the BridgeWay Hospital neurobehavioral care, and private, and is growing in North Little Rock, drug/alcohol treatment. quickly. In Anchorage, Arkansas, UHS recently UHS also operates North Star’s hospital offers added 28 new patient the Rivendell Behavioral 74 beds, while our nearby beds to the existing facility. Health Services of residential treatment center Nestled in a lush wooded Arkansas, in Benton, which offers 34 beds. In Palmer, area, The BridgeWay is is currently planning to add North Star’s residential now a 98-bed private an adult treatment program. treatment center recently psychiatric hospital that added 20 new beds, North Star Behavioral has earned a reputation for more than tripling its Health System excellence in helping previous capacity to 29. Through these Alaska is a market of outstanding facilities, increasing importance for North Star provides a Located in North Little Rock, Arkansas, The BridgeWay Hospital offers a full range of UHS, which operates the comprehensive range of psychiatric and substance abuse treatment services for children, adolescents and adults. The hospital recently added 28 patient beds. 10
  13. 13. behavioral health services The services at • Rivendell Behavioral for youth, ages 5 through Two Rivers include an Health Services of 17, including crisis adolescent psychiatric Arkansas, Benton, evaluation, acute hospital program, dual diagnosis Arkansas stabilization, and long-term for substance abuse • Rivendell Behavioral residential treatment. combined with other Health Services of disorders, outpatient Kentucky, Bowling Two Rivers programs, a program for Green, Kentucky Psychiatric Hospital survivors of post-traumatic • Spring Mountain stress, a neurobehavioral Treatment Center, At Two Rivers Psychiatric program, and a traumatic Las Vegas, Nevada. Hospital in Kansas City, grief program. Each of the facilities Missouri, UHS has has a long, proud history High-Quality Acquisitions completed an expansion of providing quality care of 25 beds, bringing the in its respective market. total to 105. In 2004, UHS acquired five And we plan to continue Known for its excellence behavioral health facilities: their traditions of in comprehensive behavioral • Stonington excellence by health care, Two Rivers Institute, Stonington, investing in ongoing North Star Hospital offers multidisci- Connecticut improvements to Behavioral Health plinary treatment in a • Coastal Harbor their facilities and System is Alaska’s largest behavioral tranquil environment that Treatment Center, services. health provider – ensures safety and security. Savannah, Georgia and growing. NORTH STAR BEHAVIORAL HEALTH SYSTEM
  14. 14. employ proven approaches Decentralized Management: Keys to Success that achieve real results UHS employs a decentral- for our patients. As a ized approach to hospital UHS has established an result, we have earned the management, allowing exceptional track record trust of patients, families, local executives to make of profitable growth in and professionals in the the right decisions for their the behavioral health communities we serve. facilities. For example, category, which is widely Individualized key decisions regarding regarded as one of the Treatment: To UHS, services, treatment most challenging areas every patient is a unique modalities, and staffing of the health care market. individual who deserves levels are made primarily The keys to our fully personalized at the hospital level, with success include: attention. Our professionals UHS headquarters staff Quality Programs: At take the time to understand providing support and each of its facilities, UHS is the needs of each patient guidance as needed. We committed to delivering before prescribing and believe that this approach behavioral health services administering treatment. results in an entrepreneurial of the highest quality. By doing so, we help management style, greater Our innovative programs increase the likelihood of creativity, and the optimum address a wide range of a positive outcome. quality of care for each behavioral issues, and Barry Pipkin oversees 11 UHS behavioral health facilities in the southern U.S., where demand is so strong that new beds are Barry Pipkin, Regional 100% filled within weeks – and even days – Vice President, UHS Behavioral Health of their availability. Division 12
  15. 15. Two Rivers Psychiatric Hospital in Kansas City, Missouri, offers multidisciplinary treatment to adolescents and adults. TWO RIVERS PSYCHIATRIC HOSPITAL community. In addition, Best Practices: UHS Effective Cost Control: it allows our facilities to openly shares “best Like our Acute Care adapt more quickly to practices” throughout its Division, the Behavioral changing conditions in network of behavioral Health Division takes their markets. health care facilities. Staff advantage of corporate Stable Leadership: members nationwide are purchasing discounts and Perhaps because of our encouraged to identify other measures that help entrepreneurial approach, and communicate those keep our total costs below UHS is fortunate to have programs, treatments, industry averages. outstanding managers at and other management In 2005, UHS plans to its behavioral health practices that yield the continue applying these facilities with exceptionally best results, so that all proven strategies to long tenures. This results of our facilities can ensure the future growth in long-term decision- benefit from our growing and profitability of its making and consistency knowledge base. exceptional Behavioral of leadership. Health Division. 13
  16. 16. Looking Ahead patients and health care professionals who have After 25 years in a experienced the UHS dynamic and ever- UHS continues to grow by style of caring. And we changing industry, UHS recognizing that the smallest enjoy the support of the recognizes that challenges details of health care are communities we serve. will always be an integral often the most important. part of hospital management. And our strategy and management style are designed to help our company adapt to virtually any challenge – while remaining true to our core principles. We face the current industry conditions from our strongest position While there are ever, with an unmatched no guarantees in any portfolio of high-quality business, we are confident hospitals, an exceptionally that UHS will continue solid balance sheet, and to meet the needs of a team of dedicated patients, partners, professionals that is communities, and unequaled in the industry. shareholders for many years to come. We also enjoy a tremendous reserve of goodwill among the 14
  17. 17. Director y of Hospitals and Centers Lakeland Medical Pavilion, A C U T E C A R E H O S P I TA L S a Campus of Methodist Hospital Southwest Healthcare System Aiken Regional Medical Centers New Orleans, Louisiana Rancho Springs Campus Aiken, South Carolina 54 beds Murrieta, California 225 beds 96 beds Lakewood Ranch Medical Center Auburn Regional Medical Center Bradenton, Florida Spring Valley Hospital Medical Center Auburn, Washington 120 Beds Las Vegas, Nevada 149 beds 176 beds Lancaster Community Hospital Central Montgomery Medical Center Lancaster, California Summerlin Hospital Medical Center Lansdale, Pennsylvania 117 beds Las Vegas, Nevada 150 beds 274 beds Manatee Memorial Hospital Chalmette Medical Center Bradenton, Florida Valley Hospital Medical Center Chalmette, Louisiana 319 beds Las Vegas, Nevada 195 beds 409 beds McAllen Medical Center and Corona Regional Medical Center McAllen Heart Hospital Wellington Regional Medical Center Corona, California McAllen, Texas West Palm Beach, Florida 228 beds 633 beds 143 beds Desert Springs Hospital Methodist Hospital Las Vegas, Nevada New Orleans, Louisiana B E H AV I O R A L H E A LT H C E N T E R S 346 beds 306 beds Anchor Hospital Doctors’ Hospital of Laredo Northern Nevada Medical Center Atlanta, Georgia Laredo, Texas Sparks, Nevada 84 beds 180 beds 100 beds The Arbour Hospital Edinburg Regional Medical Center Northwest Texas Healthcare System Boston, Massachusetts Edinburg, Texas Amarillo, Texas 118 beds 169 beds 447 beds The BridgeWay Fort Duncan Medical Center St. Mary’s Regional Medical Center North Little Rock, Arkansas Eagle Pass, Texas Enid, Oklahoma 98 beds 77 beds 277 beds The Carolina Center for Behavioral Health The George Washington University Hospital Southwest Healthcare System Greer, South Carolina Washington, D.C. Inland Valley Campus 66 beds 371 beds Wildomar, California 80 beds Clarion Psychiatric Center Clarion, Pennsylvania 74 beds 96
  18. 18. Community Behavioral Health The Pavilion Clinique du Louvre Memphis, Tennessee Champaign, Illinois Paris, France 50 beds 52 beds 20 beds Costal Harbor Treatment Center Peachford Behavioral Health System of Atlanta Clinique du Trocadéro Savannah, Georgia Atlanta, Georgia Paris, France 112 beds 184 beds 50 beds Del Amo Hospital Pembroke Hospital Clinique Montréal Torrance, California Pembroke, Massachusetts Carcassonne, France 166 beds 115 beds 125 beds Fairmount Behavioral Health System Provo Canyon School Clinique Notre Dame Philadelphia, Pennsylvania Provo, Utah Thionville, France 180 beds 242 beds 73 beds Forest View Hospital Ridge Behavioral Health System Clinique Pasteur Grand Rapids, Michigan Lexington, Kentucky Bergerac, France 62 beds 110 beds 96 beds Fuller Memorial Hospital Rivendell Behavioral Health Services Clinique Richelieu South Attleboro, Massachusetts of Arkansas Saintes, France 82 beds Benton, Arkansas 73 beds 77 beds Glen Oaks Hospital Clinique Saint Augustin Greenville, Texas Rivendell Behavioral Health Services Bordeaux, France 54 beds of Kentucky 155 beds Bowling Green, Kentucky Good Samaritan Counseling Center 72 beds Clinique Villette Anchorage, Alaska Dunkerque, France River Crest Hospital 117 beds Hampton Hospital San Angelo, Texas Westhampton, New Jersey 80 beds Hôpital Clinique Claude Bernard 100 beds Metz, France River Oaks Hospital 224 beds Hartgrove Hospital New Orleans, Louisiana Chicago, Illinois 126 beds Polyclinique St. Jean 128 beds Montpellier, France Rockford Center 102 beds The Horsham Clinic Newark, Delaware Ambler, Pennsylvania 72 beds 146 beds A M B U L AT O R Y S U R G E R Y C E N T E R S Roxbury Hospital San Juan Capestrano Shippensburg, Pennsylvania OJOS/Eye Surgery Specialists of Puerto Rico Rio Piedras, Puerto Rico 48 beds Santurce, Puerto Rico 108 beds St. Louis Behavioral Medicine Institute Goldring Surgical Center HRI Hospital St. Louis, Missouri Las Vegas, Nevada Brookline, Massachusetts 68 beds Spring Mountain Treatment Center Northwest Texas Surgery Center Las Vegas, Nevada Amarillo, Texas KeyStone Center 82 beds Wallingford, Pennsylvania Providence Surgical and Medical Center 119 beds Stonington Institute Laredo, Texas North Stonington, Connecticut La Amistad Behavioral Health Services 63 beds Surgery Center at Wellington Maitland, Florida West Palm Beach, Florida 54 beds Talbott Recovery Campus Atlanta, Georgia Surgery Center of Midwest City Lakeside Behavioral Health System Midwest City, Oklahoma Memphis, Tennessee Timberlawn Mental Health System 204 beds Dallas, Texas Surgical Arts Surgery Center 124 beds Reno, Nevada Laurel Heights Hospital Atlanta, Georgia Turning Point Care Center Surgical Center of South Texas 102 beds Moultrie, Georgia Edinburg, Texas 59 beds The Meadows Psychiatric Center Centre Hall, Pennsylvania Two Rivers Psychiatric Hospital R A D I AT I O N O N C O L O G Y C E N T E R S 101 beds Kansas City, Missouri 80 beds Auburn Regional Center for Cancer Care Meridell Achievement Center Auburn, Washington Austin, Texas Westwood Lodge Hospital 112 beds Westwood, Massachusetts Cancer Institute of Nevada 133 beds Las Vegas, Nevada The Midwest Center for Youth and Families Kouts, Indiana Carolina Cancer Center 58 beds Aiken, South Carolina MÉDI-PARTENAIRES (Paris/Bordeaux) North Star Children’s Hospital Clinique Ambroise Paré Anchorage, Alaska Toulouse, France SPECIALIZED WOMEN’S 34 beds 198 beds H E A LT H C E N T E R North Star Counseling Centers Clinique Bon Secours Renaissance Women’s Center of Edmond Anchorage, Alaska Le Puy en Velay, France Edmond, Oklahoma 96 beds North Star Hospital Anchorage, Alaska Clinique d’Aressy 74 beds Pau, France Palmer Residential Treatment Center 179 beds Palmer, Alaska 29 beds Clinique Bercy Charenton le Pont, France Parkwood Behavioral Health System 92 beds Olive Branch, Mississippi 112 beds 97
  19. 19. Board of Directors Alan B. Miller 3, 4 Chairman of the Board, President and Chief Executive Officer Leatrice Ducat 1, 2, 5 President and Founder, National Disease Research Interchange since 1980; President and Founder, John H. Herrell 1, 2 Human Biological Data Former Chief Administrative Interchange since 1988; Officer and Member Board of Founder, Juvenile Diabetes Trustees, Mayo Foundation; Foundation, National and Rochester, MN International Organization Robert H. Hotz 1, 3, 4, 5 Senior Managing Director, Head of Investment Banking, Head of the Board of Directors Advisory Service, Member of the Board of Directors, Houlihan Lokey Howard & Zukin, New York, NY; Former Senior Vice Robert A. Meister 2 Chairman,Investment Vice Chairman, Banking for the Americas, Aon Group, Inc. UBS Warburg, LLC, New West Palm Beach, FL York, NY John F. Williams, Jr., M.D., Ed.D. 2, 5 Provost and Anthony Pantaleoni 3, 4 Vice President for Of Counsel, Fulbright Health Affairs, & Jaworski, L.L.P. The George Washington New York, NY University Committees of the Board: Audit Committee, Compensation Committee, 1 2 Executive Committee, Finance Committee, Nominating/Corporate Governance 98 3 4 5
  20. 20. CORPORATE Urbach Senior Vice President—Ambulatory Alan B. Miller Surgery CentersMédi-Partenaires DIVISION President and Chief Executive Président Directeur Général Sylvie Officers Officer Péquignot Acute Care Directeur Général Kirk E. Gorman CORPORATE DIVISIONFrench O. Edwin Senior Vice President and President—Acute Care Chief Financial Officer Alan B. Miller Acute Care Behavioral Health (continued) President and Chief Executive Officer Joseph “Skip” Courtney O. Edwin French Michael Marquez Carothers H. Evans Vice President—Western Region President—Acute Care Steve G. Filton Senior Vice President Vice Assistant Vice President, Senior Vice President and Development MichaelMiller Marc D. Marquez Steve G. Filton Chief Financial Officer Vice President—Eastern Region Vice President—Acute Care Vice President, Controller and Karen E. Johnson O. Edwin French* Assistant Vice President, Secretary Daniel L. Cruz Milton P. McLean Senior Vice President Clinical Services Group Director and Director of Group Director RichardMarquez Michael C. Wright Development—Caribbean Moody L. Chisholm Vice President Vice President Ambulatory Operations Group Director Marc D. Miller Debra K. Osteen Michael Urbach Mary Hoover Robert W. Danforth Vice President Vice President Senior Vice President Vice President—Universal Health Vice President—Universal Health Debra K. Osteen Network Bruce R. Gilbert Network Vice President Médi-Partenaires (Paris/Bordeaux) General Counsel Behavioral Health Guy F. Pedelini Behavioral Health Frédéric Dubois Eileen D. Bove Vice President Debra K. Osteen Président Directeur Général Assistant Vice President Debra K. Osteen President Richard C. Wright Sylvie Péquignot President—Behavioral Health Vice President Charles F. Boyle Martin C. Schappell Directeur Général Vice President Charles F. Boyle President Assistant Vice Martin C. Schappell Vice President—Behavioral Health * retired in 2005 Controller Barry L. Pipkin Joyce M. Lunney Vice President Bruce R. Gilbert President Assistant Vice Roy A. Ettlinger General Counsel Vice President—Behavioral Health E. Daniel Thomas Donald J. Pyskacek Vice President Cheryl K. Ramagano Assistant Vice President Ronald M. Fincher Treasurer Roy A. Ettlinger Vice President—Behavioral Health Cheryl K. Ramagano Vice President Eileen D. Bove Assistant Treasurer CraigL. Nuckles L. Nuckles Assistant Vice President Craig GroupDirector Group Director—Behavioral Health John Paul E. Reino Linda L. Christen Assistant Vice President Assistant Vice President Barry L. Pipkin Gary M. Gilberti Group Director—Behavioral Health Group Director Donald J. Pyskacek Assistant Vice President Linda L. E. Reino Assistant Vice President Corporate Information EXECUTIVE OFFICES ANNUAL MEETING INTERNET ADDRESS Universal Corporate Center June 2, 2005, 10:00 a.m. The Company can be accessed 367 South Gulph Road Universal Corporate Center on the World Wide Web at: P.O. Box 61558 367 South Gulph Road King of Prussia, PA 19406 King of Prussia, PA 19406 LISTING (610) 768-3300 COMPANY COUNSEL Class B Common Stock:New York Management Subsidiary Fulbright & Jaworski, L.L.P. Stock Exchange under the symbol UHS. UHS of Delaware, Inc. New York, New York PUBLICATIONS REGIONAL OFFICES AUDITORS For copies of the Company’s annual Development KPMG LLP report, Form 10-K, Form 10-Q, Designed by Dakota Design, Inc., Malvern, PA 810 Travelers Boulevard Philadelphia, Pennsylvania quarterly reports, and proxy Suite I-2 statements, please call 1-800-874-5819, Summerville, SC 29485 TRANSFER AGENT AND or write Investor Relations, (843) 486-0653 REGISTRAR Universal Health Services, Inc. Western Region Universal Corporate Center Mellon Investor Services 1635 Village Center Circle 367 South Gulph Road 85 Challenger Road Suite 200 P.O. Box 61558 Overpeck Centre Las Vegas, NV 89134 King of Prussia, PA 19406 Ridgefield Park, NJ 07660 (702) 360-9040 Telephone: 1-800-526-0801 FINANCIAL COMMUNITY Universal Health Network INQUIRIES 639 Isbell Road Please contact Mellon Investor The Company welcomes inquiries Suite 400 Services for prompt assistance on from members of the financial Reno, NV 89509 address changes, lost certificates, community seeking information (775) 356-1159 consolidation of duplicate on the Company. These should accounts or related matters. be directed to Steve Filton, Chief Financial Officer. 99
  21. 21. Universal Health Services, Inc. Universal Corporate Center P.O. Box 61558 367 South Gulph Road King of Prussia, PA 19406