Universal Health Services, Inc. Announces the Acquisition of Memorial Behavioral Health

GULFPORT, Miss. (December 19, 2017) — Universal Health Services, Inc. (NYSE:UHS) and Memorial Hospital at Gulfport announce the sale of Memorial Behavioral Health (MBH) and expect to complete the transaction in the first quarter of 2018. MBH operates a 109-bed behavioral health facility for adults, adolescents and children, along with two outpatient clinics in Gulfport, Miss.

MBH offers a full continuum of professional services to help individuals and their families resolve and manage emotional and behavioral problems. MBH provides inpatient and partial hospitalization, as well as individual, marital and family therapy on an outpatient basis. The 24-hour professional assessment team (PAT) is available 365 days a year. MBH was the first in Mississippi to offer Transcranial Magnetic Stimulation therapy (TMS), a non-invasive medical alternative shown to work in patients who do not benefit from medications or who cannot tolerate their side effects.

UHS has a successful track record with similar partnerships and is committed to working with Memorial Hospital at Gulfport (MHG) to ensure a seamless transition. The two organizations will also work together to integrate behavioral health services into MHG’s continuum of care by providing consultation services to patients via its medical and surgical floors.

“After a competitive selection process, UHS is proud to have been chosen by Memorial Hospital at Gulfport to partner in providing a full continuum of high-quality behavioral health and substance use treatment programs to serve the greater Gulf Coast community,” said Debbie Osteen, President, Behavioral Health Division, Universal Health Services. “UHS has a long-standing history of serving the residents of Mississippi and shares MHG’s commitment to delivering quality behavioral health programs and services that result in favorable patient outcomes.”

“We welcome UHS's expansion to the Coastal counties of Mississippi as a trusted provider of behavioral health services in our community,” said Gary G. Marchand, Memorial Hospital President and Chief Executive Officer.

About Memorial Hospital at Gulfport

Memorial is a not-for-profit medical complex in Gulfport, Mississippi, jointly owned by the City of Gulfport and Harrison County. Memorial is one of the most comprehensive healthcare systems in the state, licensed for 412-beds, including an outpatient surgery center, satellite outpatient diagnostic and rehabilitation centers and more than 70 Memorial Physician Clinics. Memorial offers several of the region's most comprehensive clinical programs, such as emergency medicine; women and children services; orthopedic services; cardiovascular services; neurosciences and oncology. Additionally, Memorial provides medical specialties unique to the coast: Neonatal ICU, state-designated Level II Trauma Center, and Mississippi's first nationally certified Primary Stroke Center. Memorial offers three-dimensional imaging, electronic medical records, advanced surgical techniques, including CyberKnife® and the da Vinci® Si HD™ Robotic Assisted Specialty Surgery System. Memorial is accredited by The Joint Commission and is a member of Vizient, Mississippi Hospital Association, and the American Hospital Association.

About Universal Health Services, Inc.

One of the nation’s largest and most respected hospital companies, Universal Health Services, Inc. (NYSE: UHS) has built an impressive record of achievement and performance. Steadily growing from a startup to an esteemed Fortune 500 corporation, UHS today has annual revenue nearing $10 billion. In 2017, UHS was recognized as one of the World’s Most Admired Companies by Fortune; ranked #276 on the Fortune 500, and listed #275 in Forbes inaugural ranking of America’s Top 500 Public Companies.

Our operating philosophy is as effective today as it was 40 years ago: Build or acquire high quality hospitals in rapidly growing markets, invest in the people and equipment needed to allow each facility to thrive, and become the leading healthcare provider in each community we serve.

Headquartered in King of Prussia, PA, UHS has more than 81,000 employees and through its subsidiaries operates more than 320 acute care hospitals, behavioral health facilities and ambulatory centers in the United States, Puerto Rico and the United Kingdom.

Contacts

For additional information related to this story

Universal Health Services, Inc. Jane Crawford 610-382-4830 jane.crawford@uhsinc.com

Memorial Behavioral Health Janet Stuart 228-867-5292 jstuart@mhg.com