Welcome to our dedicated page for Universal Health Services Class B news (Ticker: UHS), a resource for investors and traders seeking the latest updates and insights on Universal Health Services Class B stock.
Universal Health Services, Inc. (UHS) is a leading healthcare management company that operates through its subsidiaries, which include acute care hospitals, behavioral health facilities, and ambulatory centers across the United States, the United Kingdom, and Puerto Rico. Founded in 1978, UHS is headquartered in King of Prussia, PA, and has grown into a Fortune 500 company with annual revenues of $14.282 billion in 2023 and a workforce of approximately 96,700 employees.
The company's operations are divided into two main segments: Acute Care Hospital Services and Behavioral Health Services. The Acute Care segment encompasses acute care hospitals, surgical hospitals, and surgery and oncology centers, while the Behavioral Health segment includes inpatient and outpatient behavioral health facilities. UHS aims to build or acquire high-quality hospitals in rapidly growing markets, focusing on exceptional service and cost efficiency.
Recent Achievements and Financial Performance:
- In the second quarter of 2023, UHS reported a net income of $171.3 million ($2.42 per diluted share), reflecting a 6.8% increase in net revenues to $3.548 billion compared to the same period in 2022.
- For the full year of 2023, UHS reported net revenues of $14.282 billion, a 6.6% increase from 2022, with a net income of $717.8 million ($10.23 per diluted share).
- The company consistently sees growth in both acute care and behavioral health services, with significant increases in adjusted admissions and net revenues.
Current Projects and Strategic Focus:
- UHS is focusing on expanding its presence in rapidly growing markets by investing in new facilities and upgrading existing ones.
- The company is continuously exploring strategic acquisitions to enhance its service offerings and market reach.
- UHS maintains a proactive approach to managing its finances and operational efficiency, including a stock repurchase program with an aggregate available authorization of approximately $423 million as of December 31, 2023.
Partnerships and Community Impact:
- UHS acts as the advisor to Universal Health Realty Income Trust (NYSE: UHT), a real estate investment trust.
- The company's operating philosophy emphasizes integrity, competence, and compassion, ensuring high-quality care for its patients and communities.
UHS has been recognized on the Fortune 500 list (#311) and Forbes' list of America's Largest Public Companies (#434). Additionally, UHS has been named one of the World's Most Admired Companies by Fortune, highlighting its commitment to excellence in healthcare services.
For the latest news, financial reports, and conference call information, please visit the UHS website.
Universal Health Services reported a net income of $239.1 million or $3.00 per diluted share for Q4 2021, down from $308.7 million or $3.60 per diluted share in Q4 2020. Net revenues increased by 6.1% to $3.275 billion. For the full year 2021, net income was $991.6 million, or $11.82 per diluted share, on revenues of $12.642 billion, reflecting a 9.4% increase. The company expects 2022 revenues between $13.424 billion and $13.694 billion and adjusted EBITDA of $1.830 billion to $1.927 billion.
Universal Health Services (NYSE: UHS) will participate in a virtual fireside chat at the 42nd Annual Cowen Health Care Conference on March 7, 2022, at 1:30 PM ET. Steve Filton, Executive Vice President and CFO, will represent the company. A live audio webcast of the event will be available on UHS's website, with replays accessible for 90 days post-conference. UHS is a leading hospital management company, operating 400 facilities in 38 states and abroad, dedicated to meeting healthcare needs in local communities for over 40 years.
Universal Health Services, Inc. (UHS) will report its fourth-quarter and full-year results for the period ended December 31, 2021, on February 24, 2022, after market close. A conference call for investors is scheduled for February 25, 2022, at 9:00 a.m. ET, with a dial-in option available. The call will also be accessible via a live broadcast on the company's website, and a replay will be available for one year post-call. UHS operates numerous behavioral health facilities, acute care hospitals, and ambulatory centers in the U.S., Puerto Rico, and the U.K.
Universal Health Services (NYSE: UHS) announced a cash dividend of $0.20 per share, payable on March 15, 2022, to shareholders of record as of March 1, 2022. With over 40 years in the industry, UHS operates 400 healthcare facilities across 38 U.S. states, Washington D.C., the UK, and Puerto Rico, focusing on enhancing patient care. The company continues to solidify its position as a leader in hospital management, demonstrating commitment to both community health and shareholder returns.
Universal Health Services (NYSE: UHS) will participate in the 40th Annual J.P. Morgan Healthcare Conference on January 11, 2022, at 7:30 a.m. ET. The presentation will be led by Steve Filton, Executive Vice President and CFO, and will be available via a live webcast on the company's website. For those unable to attend, a replay will be accessible for 90 days post-event. UHS operates over 400 healthcare facilities across 38 states and beyond, addressing diverse patient needs.
Provident Healthcare Partners announced its advisory role for Riverside Medical Clinic (RMC) in a partnership with Universal Health Services (UHS). RMC, a prominent multi-specialty physician practice in California with over 180 providers and a management services organization employing over 800 staff, aims to leverage this partnership for growth. UHS, recognized as one of the largest healthcare providers in the U.S., operates 26 acute care hospitals and 334 behavioral health facilities. The transaction’s financial terms were not disclosed, but both parties expressed optimism about the collaboration.
Universal Health Services (NYSE: UHS) announced that Steve Filton, Executive Vice President and CFO, will participate in a virtual fireside chat at the Stephens Annual Investment Conference on November 29, 2021, at 3:00 pm ET.
Investors can access a live audio webcast on the company's website, with replays available for 90 days post-conference. UHS, a leading hospital management company, operates 400+ facilities across the U.S., U.K., and Puerto Rico, focusing on healthcare needs in local communities.
Universal Health Services (NYSE: UHS) has declared a cash dividend of $0.20 per share, set for December 15, 2021. Shareholders on record by December 1, 2021 will receive this dividend. UHS, a prominent hospital management entity, operates over 400 facilities across 38 states, Washington, D.C., the UK, and Puerto Rico, focusing on comprehensive healthcare needs for the community.
Universal Health Services (UHS) announced that CFO Steve Filton will present at two virtual conferences. The first is the 30th Annual Credit Suisse Healthcare Conference on November 10, 2021, at 11:20 a.m. ET. The second is the 2021 Wolfe Research Healthcare Conference on November 18, 2021, at 8:30 a.m. ET. Live webcasts of the presentations will be available on the company’s website, with replays accessible for 90 days. UHS is a leading provider of hospital and healthcare services across the U.S., Puerto Rico, and the UK.
Universal Health Services, Inc. (UHS) reported third-quarter net income of $218.4 million, down from $241.3 million year-over-year. Earnings per diluted share decreased from $2.82 to $2.60. Despite this, net revenues rose 8.4% to $3.156 billion compared to $2.913 billion in 2020. Adjusted net income was $224.1 million, reflecting a slight drop from $246.5 million. EBITDA net of noncontrolling interest for Q3 was $441.5 million, down from $471 million last year. In the nine-month period ending September 30, 2021, net income increased to $752.5 million, while net revenues reached $9.367 billion.
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