KOP’s Universal Health Services Buys Out Minority Owners of its Las Vegas Hospitals

Desert Springs
UHS is buying back the minority interest in its Desert Springs Hospital in Las Vegas.

The performance of its six acute-care hospitals in the Las Vegas region has prompted Universal Health Services to buy the minority ownership held by a third party, writes John George of the Philadelphia Business Journal.

According to George, the payment of $445 million by the hospital-management company based in King of Prussia includes both the purchase price and return of capital to the minority owner, whose identity was not disclosed.

It acquired ownership interests from 26.1 percent to 27.5 percent of Centennial Hills Hospital Medical Center, Desert Springs Hospital, the under-construction Henderson Hospital, Spring Valley Hospital Medical Center, Summerlin Hospital Medical Center, and Valley Hospital Medical Center.

“This transaction reflects our continued confidence in the performance of our hospitals in the Las Vegas market and, in particular, our enthusiasm for the opening of our newest hospital in Henderson, Nevada, later this year,” Alan B. Miller, the chairman and CEO of Universal Health Services, told George.

UHS is a Fortune 500 company and one of the largest hospital management companies in the United States. Through its subsidiaries, it operates 226 acute care hospitals, behavioral health facilities, and ambulatory surgery centers. UHS employs more than 60,000 people.

The company aims to provide quality healthcare at affordable cost, strengthen physician and community relationships, and pursue conservative growth.

Click here to read more about Universal Health Services’ buyout of the minority ownership of its Las Vegas hospitals.