Universal Health Care Group Announces $40 million Credit Facility

Universal Health Care Group Announces $40 million Credit Facility

Universal Health Care Group, Inc., a leading managed care organization, today announced that it has entered into a new, four-year, $40 million senior credit facility. The purpose of the borrowings are for the repurchase of shares from a minority private equity shareholder and for general corporate purposes.

Commenting on the financing, Dr. Akshay Desai, Founder, Chairman and Chief Executive Officer of Universal Health Care Group, Inc., said, "We are excited to be partnering with such excellent financial institutions, and see our new capital structure as an essential step towards maintaining our market leadership in a post-reform era. Universal’s focus and commitment remains with managing essential health coverage on behalf of the state's senior and low income populations in a manner which proactively promotes a healthy, fulfilling and meaningful life for our members."

The facility was led by Wells Fargo, with participation from BankUnited, Mercantil CommerceBank and Royal Bank of Canada. Oppenheimer & Co. acted as advisor on the transaction and share repurchase.

ABOUT UNIVERSAL

Universal Health Care Group, Inc. delivers managed health care services exclusively for government sponsored health care programs, focusing on Medicaid and Medicare. Headquartered in St. Petersburg, Florida, Universal serves approximately 160,000 members in 13 States.

For more information about Universal, please visit the Company's Web site at www.univhc.com

Universal Health Care Group, Inc.
Bonnie Vandermeer, 727-456-6605
bvandermeer@univhc.com