Universal Health Services, Inc. Class B - UHS STOCK NEWS

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.

Universal Health Services, Inc. (UHS) reported a net income of $209.1 million, or $2.43 per diluted share, for Q1 2021, up from $142 million, or $1.64, in Q1 2020. Net revenues increased 6.5% to $3.013 billion. The company received $188 million in CARES Act funds but plans to return this amount in Q2 2021. Adjusted EBITDA rose to $427.1 million, while acute care services saw a 12.1% drop in adjusted admissions. The COVID-19 pandemic continues to impact operations, with uncertainty around future financial implications.