<PAGE>
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACT: Kirk E. Gorman June 13, 2000
Chief Financial Officer
(610) 768-3300
UNIVERSAL HEALTH SERVICES, INC.
-------------------------------
TO OFFER CONVERTIBLE DEBENTURES
-------------------------------
Universal Health Services, Inc. (NYSE: UHS) announced today that it intends
to offer discounted convertible debentures due 2020 to qualified institutional
investors. The debentures will be convertible into the Class B Common Stock of
the Company. The expected net proceeds of the offering of approximately $170
million will be used to repay debt and for general corporate purposes including
previously announced and other possible acquisitions.
The securities have not been registered under the Securities Act or any state
securities laws and are being offered in the United States in a private
placement under Rule 144A under the Securities Act of 1933 ("Securities Act").
They may not be offered or sold in the United States absent registration or an
applicable exemption under the Securities Act and applicable state securities
laws.
Universal Health Services, Inc. is the third largest hospital company,
operating 69 facilities in 20 states, Washington, D.C. and Puerto Rico. It acts
as the advisor to Universal Health Realty Income Trust, a real estate investment
trust (NYSE: UHT).
Certain statements in this release may constitute forward-looking statements
and are subject to various risks and uncertainties as discussed in the Company's
filings 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.
# # #
