Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 253

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 253
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 $2.7 million and $2.6 million during 2024, 2023 and 2022, respectively) pursuant to the lease terms as provided in the table below. In connection with the lease on this facility, the joint venture has the right to purchase the leased facility from the Trust at its appraised fair market value 

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upon either of the following: (i) by providing notice at least 270 days prior to the end of the lease terms or any renewal terms, or; (ii) upon 30 days' notice anytime within 12 months of a change of control of the Trust (UHS also has this right should the joint venture decline to exercise its purchase right). Additionally, the joint venture has rights of first offer to purchase the facility prior to any third-party sale.The table below provides certain details for each of the hospitals leased from the Trust as of January 1, 2025: 

        Hospital Name

        AnnualMinimumRent

        End of Lease Term
         
        RenewalTerm(years)

        McAllen Medical Center

        $
        5,485,000

        December, 2026

        5
         
        (a)

        Wellington Regional Medical Center

        $
        6,805,000

        December, 2026

        5
         
        (b)

        Aiken Regional Medical Center/Aurora Pavilion Behavioral Health Services

        $
        4,164,000

        December, 2033

        35
         
        (c)

        Canyon Creek Behavioral Health

        $
        1,882,000

        December, 2033

        35
         
        (c)

        Clive Behavioral Health

        $
        2,851,000

        December, 2040

        50
         
        (d)
       
       (a)We have one 5-year renewal option at existing lease rates (through 2031).(b)We have one 5-year renewal option at fair market value lease rates (through 2031). On each January 1st through 2026, the annual rent will increase by 2.50% on a cumulative and compounded basis. (c)We have seven 5-year renewal options at fair market value lease rates (2034 through 2068).  On each January 1st through 2033, the annual rent will increase by 2.25% on a cumulative