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August 18, 2016 01:00 AM

Universal Health Services buys hospital, expands further into Nevada

Maria Castellucci
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    Universal Health Services, an investor-owned company with both acute-care and behavioral health hospitals, has acquired Desert View Regional Medical Center, a 25-bed hospital in Pahrump, Nev.

    The deal will expand the system's acute-care services further into Nevada. UHS currently operates six acute-care hospitals in Las Vegas and the Northern Nevada Medical Center in Sparks, Nev.

    “This acquisition reflects our focused efforts to invest and expand in our existing markets,” said Alan Miller, CEO of UHS.

    The system is also opening a new hospital in Henderson, Nev., later this year, according to a news release.

    Desert View includes two surgical suites, an emergency room, a diagnostic imaging center and labs. Financial terms of the purchase were not disclosed.

    UHS operates more than 240 acute-care hospitals and behavioral health facilities in 37 states. Its revenue increased 7%, or $156 million, to $2.43 billion in the quarter that ended June 30 compared with the same quarter a year ago, according to its most recent earnings report. Net income was $185.6 million, up 1.8% over the year-ago quarter.

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    • News
      • Current News
      • Providers
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      • Technology
      • Safety & Quality
      • Digital Health
      • Transformation
        • Patients
        • Operations
        • Care Delivery
        • Payment
      • ESG
      • People
      • Regional News
        • Midwest
        • Northeast
        • South
        • West
      • Digital Edition (Web Version)
    • Opinion
      • Bold Moves
      • Breaking Bias
      • Commentaries
      • Letters
      • Vital Signs Blog
      • From the Editor
    • Events & Awards
      • Awards
        • Nominate/Eligibility
        • 100 Most Influential People
        • 50 Most Influential Clinical Executives
        • Best Places to Work in Healthcare
        • Excellence in Governance
        • Health Care Hall of Fame
        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
        • Top Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
    • Multimedia
      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
    • Data Center
      • Data Center Home
      • Hospital Financials
      • Staffing & Compensation
      • Quality & Safety
      • Mergers & Acquisitions
      • Data Archive
      • Resource Guide: By the Numbers
      • Surveys
      • Data Points
    • Newsletters
    • MORE+
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