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UNIVERSAL HOSPITAL SERVICES RENTAL REVENUES AND EARNINGS INCREASE, BUT LESS THAN ANALYST'S EXPECTATIONS

 UNIVERSAL HOSPITAL SERVICES RENTAL REVENUES AND EARNINGS INCREASE,
 BUT LESS THAN ANALYST'S EXPECTATIONS
 BLOOMINGTON, Minn., Oct. 15 /PRNewswire/ -- Universal Hospital Services, Inc. (NASDAQ-NMS: UHOS) announced today that it expects rental revenues for the third quarter ended Sept. 30, 1992, while increasing 6 to 8 percent over the comparable period in 1991 to about $8,900,000, will be 4 to 6 percent below analyst's expectations. Total revenues, which include sales of lower margin disposable items, will be 6 to 8 percent below analyst's earlier projection. As a result, earnings for the quarter are likely to be in the range of 10 to 12 cents per share versus analyst's expectations of 14 to 16 cents per share.
 The slower than expected rental revenue growth reflects what management and other health care industry sources believe is a general softening of hospital census rates reflecting, in part, loss of medical benefits by unemployed workers with a resultant deferral of elective procedures. Furthermore, management believes many hospitals may have deferred capital spending as an initial reaction to revised Medicare regulations which became effective for hospital fiscal years starting after Oct. 1, 1991, and which, for the first time, placed constraints on reimbursement of capital related costs for Medicare patients.
 Thomas A. Minner, president and CEO, stated, "We believe a number of hospitals have appeared to defer decisions on capital spending for movable medical equipment as a reaction to the new Medicare regulations. The resulting extension of useful life on currently owned equipment will be, at best, a temporary solution to the constraints on capital related costs. Eventually, equipment will be replaced or upgraded, and UHS is ideally positioned to provide a cost effective alternative to purchase through its equipment management programs."
 Universal Hospital Services, Inc. provides movable medical equipment to hospitals and other healthcare providers through equipment management programs utilizing PAY-PER-USE. PAY-PER-USE is the UHS system which charges customers for actual equipment usage.
 Financial results for the third quarter will be released during the first week of November.
 -0- 10/15/92
 /CONTACT: David E. Dovenberg, vice president of finance & CFO of Universal Hospital Services, 612-893-3252/
 (UHOS) CO: Universal Hospital Services, Inc. ST: Minnesota IN: HEA SU: ERP


AL -- MN009 -- 0682 10/15/92 17:19 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
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