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Universal Hospital Services, Inc. Announces 2009 Third Quarter Results
Monday, November 09, 2009 4:55 PM


(Source: Business Wire)trackingUniversal Hospital Services, Inc. ("UHS"), a leading medical equipment lifecycle services company, today announced financial results for the quarter and nine months ended September 30, 2009.

Total revenues were $72.2 million for the third quarter of 2009, representing a $1.2 million, or 2% increase from total revenues of $71.0 million for the same period of 2008. Revenues for the first nine months of 2009 approximated those of the prior year and totaled $219.0 million for 2009 versus $218.1 million for the same comparable period of 2008.

Net loss for the quarter was $4.9 million, compared to a net loss of $7.1 million for the same quarter last year. For the first nine months, UHS reported a net loss of $14.5 million versus net loss of $16.4 million for the same period of 2008.

Third quarter Adjusted EBITDA was $26.5 million, representing a $2.4 million, or 10% increase from $24.1 million for the same period of 2008. Adjusted EBITDA for the first nine months of 2009 was $80.4 million, representing a $2.2 million, or 3% increase from $78.2 million for the same period of 2008.

UHS will hold its quarterly conference call to discuss 2009 third quarter results on Tuesday, November 10, 2009, at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).

"The results we have achieved in a year of economic turmoil and health care uncertainty has validated our long term, strategic approach to the market," commented Gary Blackford, Chairman and CEO of UHS. "Our service offerings that focus on reducing costs, increasing productivity and achieving better patient outcomes for our customers are gaining traction in this environment. We are looking to accelerate our evolution over the coming months."

To participate, call (877) 586-2667 and advise the operator you would like to participate in the UHS Third Quarter Call with Gary Blackford. A taped replay of this call will be available from 2:00 p.m. Eastern Time on November 11, 2009 through 2:00 p.m. Eastern Time on November 18, 2009 by calling (800) 642-1687; enter reservation #38977737.

UHS will also use a slide presentation to facilitate the conference call discussion. A copy of the presentation may be obtained via the company's website at www.uhs.com in the "Financials" section.

About Universal Hospital Services, Inc.

Universal Hospital Services, Inc. is a leading medical equipment lifecycle services company. UHS offers comprehensive solutions that maximize utilization, increase productivity and support optimal patient care resulting in capital and operational efficiencies.



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