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Aiken Property to be Purchased by System September 5, 2008

FOR MORE INFORMATION, contact Rebecca Sylvester at 706/828-2394.

University Health Care System to Purchase Aiken Property

Augusta, Ga. – Sept. 4, 2008 – University Health Services, Inc. Board has approved the purchase of 7.4 acres of land on Silver Bluff Road in Aiken.

The board approved an amount not to exceed $2.8 million that includes $2.4 million for the purchase of the property, approximately $72,000 in closing costs and nearly $300,000 in infrastructure improvements.

Construction is expected to begin before the end of the year on Phase I development of a 12,000-square-foot physician office building, according to Andy Lasser, executive vice president of Business Development at University.

Three physician practices currently affiliated with University Health Care System in the areas of family medicine, oncology and pediatrics have expressed interest in the building, Dr. Lasser confirmed.

“Plus, the property affords University expansion potential if other physicians express an interest in moving or there becomes a need for other outpatient medical services in the area,” Dr. Lasser said. “About one third of University’s patients come from South Carolina, and about 20 percent from Aiken. It just makes good sense for them to have easier access to the medical services they prefer.”

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