# UNIVERSAL HEALTH SERVICES INC (UHS) — divestiture/joint_venture [announced]
Source: SEC API (secapi.ai) · situation sit_e788a3f9b23d1f301c0f · retrieved 2026-08-17T03:01:44.753Z

## Overview
Universal Health Services, Inc. operates acute care hospitals, behavioral healthcare facilities, ambulatory surgery centers, diagnostic and imaging centers, and other healthcare operations across the United States, participating in Medicare, Medicaid, and TRICARE programs.

Universal Health Services, Inc. entered into an underwriting agreement on August 11, 2026 with J.P. Morgan Securities LLC, BofA Securities, Inc., Truist Securities, Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC to issue and sell $1,100,000,000 aggregate principal amount of senior secured notes in two tranches: $600,000,000 of 5.500% Senior Secured Notes due September 1, 2031, and $500,000,000 of 6.000% Senior Secured Notes due September 1, 2036. The notes will be guaranteed on a senior secured basis by all of the Issuer's existing and future direct and indirect subsidiaries that guarantee the Issuer's senior secured credit facility or other first lien or junior lien obligations. The offering is expected to close on August 20, 2026, with proceeds to be used to repay at maturity in September 2026 the Company's 1.650% senior secured notes due 2026 and amounts outstanding under the revolving credit facility, with any remaining proceeds for general corporate purposes.

## Terms
- Counterparty: J.P. Morgan Securities LLC, BofA Securities, Inc., Truist Securities, Inc., U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC and other underwriters · Deal value: $1.10B · Consideration: cash

## Key dates
- Announced 2026-08-13 · Expected close 2026-08-20

## Timeline
- 2026-08-13 · 8-K (0001193125-26-348057): 8-K - UNIVERSAL HEALTH SERVICES INC — *Universal Health Services, Inc. operates acute care hospitals, behavioral healthcare facilities, ambulatory surgery centers, diagnostic and imaging centers, and other healthcare operations across the United States, participating in Medicare, Medicaid, and TRICARE programs.* Universal Health Services, Inc. entered into an underwriting agreement on August 11, 2026 with J.P. Morgan Securities LLC, BofA Securities, Inc., Truist Securities, Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC to issue and sell $1,100,000,000 aggregate principal amount of senior secured notes in two tranches: $600,000,000 of 5.500% Senior Secured Notes due September 1, 2031, and $500,000,000 of 6.000% Senior Secured Notes due September 1, 2036. The notes will be guaranteed on a senior secured basis by all of the Issuer's existing and future direct and indirect subsidiaries that guarantee the Issuer's senior secured credit facility or other first lien or junior lien obligations. The offering is expected to close on August 20, 2026, with proceeds to be used to repay at maturity in September 2026 the Company's 1.650% senior secured notes due 2026 and amounts outstanding under the revolving credit facility, with any remaining proceeds for general corporate purposes.
  https://www.sec.gov/Archives/edgar/data/352915/0001193125-26-348057.txt

## Citations
- 0001193125-26-348057 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526348057