Further expands its care delivery network serving patients in Southern California
King of Prussia, Pennsylvania, November 1, 2021 — Universal Health Services, Inc. (NYSE: UHS) is pleased to announce that it has entered into a binding agreement for a strategic alignment with Riverside Medical Clinic (RMC) located in Riverside County, California. Serving the community for over 85 years, RMC is a premier multi-specialty physician practice that employs more than 180 physicians and advanced practice providers in seven physician offices located in Murrieta, Eastvale, Jurupa, Temescal Valley and Riverside. In addition, RMC operates a Management Services Organization (MSO), employing 800+ team members.
In Southern California, UHS operates five acute care hospitals with a total of 800+ beds and 5,000+ employees — Corona Regional Medical Center, Southwest Healthcare System (Rancho Springs Medical Center and Inland Valley Medical Center), Temecula Valley Hospital and Palmdale Regional Medical Center — in addition to multiple urgent care centers, behavioral health hospitals and a physician network.
“Expanding our network in Southern California through this collaboration with RMC supports our overarching strategy of delivering care across an integrated continuum,” said Marvin Pember, Executive Vice President and President, Acute Care Division, Universal Health Services. “From primary care, specialty care, ambulatory surgery centers and urgent care to hospital-based care, we are building integrated delivery systems in key markets, providing high-quality emergent, elective and preventative care across multiple, convenient access points.”
“RMC is excited about our opportunity to align with UHS of Southern California,” said Ravi Berry, M.D., CEO of RMC. “Our breadth and depth of experience in outpatient services complement the existing capabilities of UHS facilities across the region and allow for future growth for RMC across Southern California.”
“We are thrilled to partner with the RMC team in Southern California,” said Brad Neet, Group Vice President, Southern California Region, UHS. “With the proposed alignment of RMC, we are significantly expanding our service offerings, making available additional care to more patients across the full continuum. RMC is well known for its excellence in patient care and outcomes, a great complement to our highly esteemed hospitals and ambulatory assets in Southern California.”
About Universal Health Services
One of the nation’s largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. has built an impressive record of achievement and performance. Growing steadily since our inception into an esteemed Fortune 500 corporation, annual revenues were $11.6 billion for 2020. In 2021, UHS was again recognized as one of the World’s Most Admired Companies by Fortune; ranked #270 on the Fortune 500; and ranked #307 on Forbes’ list of America’s Largest Public Companies.
Our operating philosophy is as effective today as it was upon the Company’s founding in 1979, enabling us to provide high-quality care to our patients and their loved ones. Our strategy includes building or acquiring hospitals in rapidly growing markets, investing in the people and equipment needed to allow each facility to thrive, and becoming the leading healthcare provider in each community we serve.
Headquartered in King of Prussia, PA, UHS has 89,000 employees and through its subsidiaries operates 26 acute care hospitals, 334 behavioral health facilities, 39 outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located in 39 U.S. states, Washington, D.C., Puerto Rico and the United Kingdom. It acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust (NYSE: UHT).
About Riverside Medical Clinic
Riverside Medical Clinic offers health care solutions for families by providing legendary care built on the foundation of overall wellness. When Riverside Medical Clinic was launched in 1935 within the rotunda of the famous Mission Inn, the clinic demonstrated a forward-thinking approach to medicine. Dr. Ray McCarty and Dr. Philip Corr formed an innovative multi-specialty clinic that was based on a cooperative group medical system.
Riverside Medical Clinic continues to honor their tradition of progress and innovation, especially as the Inland Empire’s largest private provider of ambulatory care. The multi-specialty clinic has grown to seven locations, state of the art outpatient surgery centers, four urgent care centers, laboratories and a comprehensive center for diagnostic imaging and nuclear medicine. For further information, please visit www.riversidemedicalclinic.com.