Universal Hospital Services, Inc. Announces Proposed Private Offering of $220 Million of Second Lien Senior Secured Notes

Thu Feb 7, 2013 9:20am EST

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MINNEAPOLIS--(Business Wire)--
Universal Hospital Services, Inc. ("UHS") today announced that it intends to
offer (the "Offering") up to $220 million in aggregate principal amount of
second lien senior secured notes (the "New Notes"). The New Notes are being
offered as additional debt securities under an indenture pursuant to which UHS
previously issued $425 million in aggregate principal amount of 7.625% second
lien senior secured notes due in 2020. UHS intends to use the net proceeds of
the Offering to, among other things, (i) fund the repurchase, redemption or
repayment of all of its outstanding floating rate notes due 2015, (ii) pay fees
and expenses relating to the Offering and (iii) for general corporate purposes. 

The New Notes will be the second lien senior secured obligations of UHS and will
be guaranteed, jointly and severally, on a second lien senior secured basis, by
our existing current and certain of our future wholly-owned domestic
subsidiaries. The Offering is subject to customary conditions, and there can be
no assurances that the Offering will be consummated. 

The New Notes have not been registered under the Securities Act of 1933, as
amended (the "Securities Act") or the securities laws of any other jurisdiction.
As a result, they may not be offered or sold in the United States or to any U.S.
persons except pursuant to an applicable exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act. The New Notes
will be offered only to qualified institutional buyers pursuant to Rule 144A
under the Securities Act and to non-U.S. persons outside the United States under
Regulation S under the Securities Act. 

This news release does not constitute an offer to sell, or a solicitation of an
offer to buy, any securities. The Offering will be made only by means of the
confidential offering memorandum. 

About Universal Hospital Services, Inc.
Universal Hospital Services, Inc. is a leading nationwide provider of medical
equipment management and service solutions to the health care industry. UHS
manages more than 688,000 pieces of medical equipment for over 8,740 clients in
all 50 states. For more than 70 years, UHS has delivered management and service
solutions that help clients reduce costs, increase operating efficiencies,
improve caregiver satisfaction and support optimal patient outcomes. 

Safe Harbor for Forward-Looking and Cautionary Statements
This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties, including the risk that the
proposed offering will not be consummated, that may be described from time to
time in UHS` filings with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on the forward-looking statements
contained herein, which speak only as of the date hereof. UHS undertakes no
obligation to publicly update any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as may be required
by law. Factors which could materially affect such forward-looking statements
are described in the confidential offering memorandum prepared by UHS in
connection with the Offering.

Universal Hospital Services, Inc.
Susan Wolf, 952-607-3109
Vice President, Finance & Treasurer 

Copyright Business Wire 2013

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