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universal helath services 2004front
1. UNIVERSAL
EXCELLENCE
INC.
SERVICES,
HEALTH
UNIVERSAL
FOR ALL THE RIGHT REASONS
ANNUAL REPORT 2004
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. 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. 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. • 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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 http://www.uhsinc.com
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
www.melloninvestor.com
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. Universal Health Services, Inc.
Universal Corporate Center
P.O. Box 61558
367 South Gulph Road
King of Prussia, PA 19406