Exhibit 99.1
Universal Hospital Services, Inc. Announces Rex Clevenger as CFO
BLOOMINGTON, Minn.--(BUSINESS WIRE)--June 30, 2004--Universal
Hospital Services, Inc., ("UHS") announced today that Rex Clevenger
has joined the company as its Senior Vice President & Chief Financial
Officer.
"We are excited to have Rex join our management team," said Gary
Blackford, President and CEO of UHS. "He has hit the ground running
already. Bringing a financial executive with Rex's talent and
experience is a key milestone on our path to transforming UHS from a
market leading equipment rental company, to the premier medical
equipment lifecycle services company in the country. Rex will do great
things here."
Mr. Clevenger brings over 25 years of financial operations and
capital markets experience to UHS. Prior to joining UHS, he had
extensive capital attraction, corporate finance and planning roles as
Senior Vice President, Finance for Reliant Resources, Inc. (NYSE:RRI)
in Houston, and with privately held Koch Industries in Wichita and
Singapore. Rex also worked in commercial and investment banking roles
in Houston and New York, and as a CPA for Arthur Andersen. He is a
graduate of the University of Missouri and holds a Bachelor of Science
degree in Business Administration.
About Universal Hospital Services, Inc.
Universal Hospital Services, Inc. is the leading medical equipment
lifecycle services company in the country, offering comprehensive
solutions that maximize utilization, increase productivity and support
optimal patient care resulting in capital and operational
efficiencies. Based in Bloomington, Minnesota, Universal Hospital
Services currently operates through 71 district offices and 13
regional service centers, serving customers in all 50 states and the
District of Columbia.
Universal Hospital Services, Inc.
3800 American Boulevard West, Suite 1250
Bloomington, MN 55431-4442
952-893-3200
www.uhs.com
CONTACT: Universal Hospital Services, Inc., Bloomington
Bethany A. Oliver, 952-893-3288