Steve Filton Chief Financial Officer

UNIVERSAL HEALTH SERVICES, INC. PROVIDES UPDATES ON A SETTLEMENT AGREEMENT WITH CMS, CHANGES TO CERTAIN

GOVERNMENTAL-RELATED REIMBURSEMENTS AND FIRST QUARTER 2012 EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

PA Universal Health Services, Inc. (NYSE: UHS) announced today the following updates:

In addition, two of our acute care hospitals located in Florida

were notified that the respective counties in which they operate were no longer funding the hospitals with certain reimbursements resulting from reductions in federal matching Inter-Governmental Transfer funds.

As a result of the unfavorable adjustments required from the revised SSI ratios, and the write-off of receivables from certain counties

located in Florida, we expect our pre-tax consolidated financial results during the three-month period ended March 31, 2012 to be unfavorably impacted by an aggregate of approximately $8 million (net of the portion attributable to third-party

non-controlling ownership interests).

First Quarter 2012 Earnings Release

and Conference Call Schedule:

We will report our financial results for the three-month period ended March 31,

2012 after the market closes on Thursday, April 26, 2012. There will be a conference call for investors and analysts at 9:00 a.m. Eastern Time on Friday, April 27, 2012. The dial-in number is 1-877-648-7971.

A digital recording of the conference call will be available following the completion of the conference call on April 27, 2012 on

our website at www.uhsinc.com. A live broadcast of the call will be available on our website at www.uhsinc.com. The webcast will also be available through Thompson StreetEvents Network at http://www.earnings.com or

http://www.streetevents.com, a password-protected event management site for institutional investors.

General Information,

Forward-Looking Statements and Risk Factors:

Universal Health Services, Inc. ( UHS ) is one of the

nation s largest hospital companies, operating acute care and behavioral health hospitals and ambulatory centers nationwide and in Puerto Rico and the U.S. Virgin Islands. It acts as the advisor to Universal Health Realty Income Trust, a real

estate investment trust (NYSE:UHT). For additional information on the Company, visit our website: http://www.uhsinc.com.

This press release contains forward-looking statements based on current management

expectations. Numerous factors, including those disclosed herein, those related to healthcare industry trends and those detailed in our filings with the Securities and Exchange Commission (as set forth in Item 1A-Risk Factors and

in Item 7-Forward-Looking Statements and Risk Factors in our Form 10-K for the year ended December 31, 2011), may cause the results to differ materially from those anticipated in the forward-looking statements. Many of the factors

that will determine our future results are beyond our capability to control or predict. These statements are subject to risks and uncertainties and therefore actual results may differ materially. Readers should not place undue reliance on such

forward-looking statements which reflect management s view only as of the date hereof. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new

information, future events or otherwise.