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, 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.
Universal Health Services, Inc. (UHS) will report its third-quarter earnings for 2021 after market close on October 25, 2021. A conference call for investors and analysts is scheduled for 9:00 a.m. ET on October 26, 2021. Interested parties can join by dialing 1-877-648-7971 and a live broadcast will also be available on the company's website. The call replay will be accessible for one year post-event. UHS operates one of the largest hospital networks, including acute care hospitals and behavioral health facilities across the U.S., U.K., and Puerto Rico.
Universal Health Services (NYSE: UHS) announced that CFO Steve Filton will participate in a virtual fireside chat at Morgan Stanley's 19th Annual Global Healthcare Conference on September 14, 2021, at 5:00 PM. UHS is a leading hospital management company, operating 400 facilities across 38 states, Washington D.C., the UK, and Puerto Rico. The company focuses on meeting diverse healthcare needs, emphasizing its commitment to community health. For more information, visit uhsinc.com.
Universal Health Services (NYSE: UHS) has declared a cash dividend of $0.20 per share, scheduled for September 15, 2021. Shareholders of record by September 1, 2021 will be eligible. UHS, a prominent hospital management company, operates approximately 400 facilities across the U.S., the U.K., and Puerto Rico, emphasizing comprehensive healthcare service delivery for over 40 years. This dividend reflects UHS's ongoing commitment to providing returns to its shareholders while maintaining a robust healthcare infrastructure.
Universal Health Services, Inc. (UHS) announced the pricing of its private offering of senior secured notes totaling $700 million for the 1.650% notes due 2026 and $500 million for the 2.650% notes due 2032. The offering is set to close on August 24, 2021, with proceeds intended to redeem existing $400 million of senior secured notes due 2026, repay debts, and cover general corporate expenses. The notes are not registered under the Securities Act and will be offered only to qualified institutional buyers.
Universal Health Services (UHS) has announced a senior secured notes offering in two tranches, maturing in September 2026 and January 2032. The net proceeds, expected to be approximately $400 million, will be utilized to redeem existing 5.00% Senior Secured Notes due 2026, cover accrued interest, pay down senior credit facility debt, and handle transaction expenses. The offering will target qualified institutional buyers under Rule 144A and is not registered under the Securities Act.
Universal Health Services reported a robust financial performance for Q2 2021, with net income rising to $325 million ($3.79 per diluted share) compared to $251.9 million ($2.95 per diluted share) in Q2 2020. Net revenues grew 17.1% to $3.198 billion. Adjusted EBITDA increased to $572.7 million. The company returned $189 million from the CARES Act and had a favorable after-tax impact of $29.8 million from various programs. For the full year, revised guidance suggests net revenues will range from $12.351 billion to $12.501 billion.
Universal Health Services, Inc. (NYSE: UHS) will release its second-quarter results for 2021 on July 26, 2021, after market close. A conference call for investors is scheduled for 9:00 a.m. ET on July 27, 2021, with a dial-in of 1-877-648-7971. The call will also be available via live broadcast on the company’s website, where a replay will be accessible for one year post-call. UHS operates acute care hospitals, behavioral health facilities, and ambulatory centers across the United States, United Kingdom, and Puerto Rico.
Universal Health Services (NYSE: UHS) announced a cash dividend of $0.20 per share, payable on June 17, 2021, to shareholders of record as of June 2, 2021. As a prominent player in the hospital management sector, UHS operates 400 facilities across the U.S., U.K., and Puerto Rico, focusing on various healthcare services. This dividend reflects the company's commitment to return value to its shareholders while sustaining a robust presence in the healthcare market.
Universal Health Services (NYSE: UHS) announced that Steve Filton, Executive Vice President and CFO, will present at the BofA Securities 2021 Virtual Healthcare Conference on May 12, 2021, at 8:00 AM Eastern Time. A live audio webcast will be available on the company's website, and a replay will be accessible for 90 days post-conference. UHS operates 400 facilities, including hospitals and outpatient centers, across 38 states, Washington D.C., the UK, and Puerto Rico, focusing on comprehensive healthcare services.
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