REIT's Prez/CFO to Depart

Universal Health Realty Income Trust, King of Prussia, Pa., has announced that its president and chief financial officer, Kirk Gorman, will leave the company after a transition period due to concerns voiced by its independent auditor about a communication from Mr. Gorman.As a result, Alan B. Miller, chairman and chief executive officer of the real estate investment trust, has been named to the additional post of president, and Charles Boyle, vice president and controller, has been named to the additional post of CFO. Mr. Miller said the management changes were deemed necessary because of issues raised by auditing firm KPMG in connection with "a recent communication from Mr. Gorman to KPMG regarding his views on their respective responsibilities" and the level of expertise required of a CFO. "Although no issue whatsoever has been raised regarding the integrity of the trust's financial statements, KPMG has concluded that, because of Mr. Gorman's communication regarding the responsibilities and required expertise of a chief financial officer, it could no longer rely on the representations made by Mr. Gorman as the CFO of the trust," the REIT said. The company can be found online at http://www.uhsinc.com.