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Aug
22

KOP-based UHS Purchases Nevada Hospital

August 22, 2016

Source: Philadelphia Business Journal, John George

Universal Health Services (NYSE: UHS) completed the acquisition of Desert View Regional Medical Center, a twenty-five bed hospital in Pahrump, Nevada.

The deal expands the King of Prussia, Pennsylvania, hospital management company’s acute care operations in Nevada, where it already operates six acute care hospitals in Las Vegas and the Northern Nevada Medical Center in Sparks, Nevada.

“This acquisition reflects our focused efforts to invest and expand in our existing markets, and will complement the opening of our newest hospital in Henderson, Nevada, later this year,” said Alan B. Miller, the chairman and CEO of UHS, in a prepared statement.

Pahrump is located close to the Nevada-California border.

The purchase price was not disclosed.

Earlier this month, UHS entered into a partnership with Lancaster General Health to jointly operate a $30 million, 126-bed behavioral-health hospital planned for Lancaster City. The one-story facility, expected to open in 2018, will provide a wide range of behavioral-health services, including Lancaster County’s only unit for adolescents, a unit for medically complex patients and a dedicated women’s trauma unit.

Lancaster General Health last year joined the University of Pennsylvania Health System.

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