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

Universal Health Services (NYSE: UHS) announced that CFO Steve Filton will present virtually at the Barclays Global Healthcare Conference on March 10, 2021, at 3:35 PM. A live audio webcast will be accessible on the company's website, with a 90-day replay option available for those unable to attend. UHS is a prominent hospital management company, operating 399 facilities across the U.S., the UK, and Puerto Rico, delivering essential healthcare services to local communities for over 40 years.

Universal Health Services (UHS) reported a net income of $308.7 million, or $3.60 per diluted share, for Q4 2020, up from $245.2 million, or $2.79 per share, in Q4 2019. Net revenues rose 6.6% to $3.087 billion. Full-year net income also increased to $944 million, or $10.99 per share, compared to $814.9 million in 2019. Significant impacts included $151.4 million in grant revenue from the CARES Act and a $42.1 million loss due to an IT incident. Looking ahead, UHS anticipates 2021 net revenues between $12.125 billion and $12.361 billion.

Universal Health Services (NYSE: UHS) will announce its fourth quarter and full year results for 2020 after market close on February 25, 2021. A conference call for investors and analysts is scheduled for 9:00 a.m. ET on February 26, 2021, with a dial-in number of 1-877-648-7971. Investors can access a live broadcast of the call on the company's website, with a replay available for one year. Universal Health Services operates numerous behavioral health facilities and hospitals across the United States, Puerto Rico, and the United Kingdom.

Universal Health Services (NYSE: UHS) will have its CFO, Steve Filton, present at the 39th Annual J.P. Morgan Healthcare Conference on January 11, 2021, at 10:50 a.m. ET. The event will take place in San Francisco, CA, and a live audio webcast will be accessible on the company’s website. UHS operates 402 facilities including hospitals and behavioral health centers across 37 states, Washington, D.C., Puerto Rico, and the UK. A replay of the presentation will be available for 90 days post-conference.

Universal Health Services (UHS) announced that CFO Steve Filton will present at three virtual healthcare conferences in November 2020. The presentations are scheduled for:

• November 10 at 5:00 PM ET - 29th Annual Credit Suisse Healthcare Conference
• November 16 at 10:00 AM ET - 2020 Stephens Annual Investment Conference
• November 19 at 10:50 AM ET - 2020 Wolfe Research Healthcare Conference

Live webcasts will be available on the company's website, with replays accessible for 90 days.

Universal Health Services reported a net income of $241.3 million, or $2.82 per diluted share, for Q3 2020, up from $97.2 million, or $1.10 per diluted share, in Q3 2019. Net revenues increased by 3.2% to $2.913 billion. Adjusted net income was $246.5 million, benefitting from $28 million in net revenues from the California Medicaid program. However, COVID-19 impacted operations, reducing patient volumes significantly. For the nine months ended September 30, 2020, net income was $635.2 million, slightly up from $569.7 million for the same period in 2019.

Universal Health Services, Inc. (NYSE: UHS) will report its third quarter 2020 results on October 29, 2020, after market close. A conference call for investors will be held on October 30, 2020, at 10:00 a.m. Eastern Time. The dial-in number is 1-877-648-7971. Investors can also access a live broadcast of the call on the company's website, along with a replay available for one year post-call. UHS operates a network of acute care hospitals, behavioral health facilities, and ambulatory centers in the U.S., UK, and Puerto Rico.

On September 27, 2020, Universal Health Services (NYSE: UHS) faced an information technology security incident, prompting a suspension of user access to its U.S. operations. The company is actively collaborating with security partners to quickly restore IT functions. Despite potential disruptions to clinical and financial operations, patient care is being maintained through established backup processes. Importantly, there is currently no evidence of data being accessed or misused. UHS is a major player in healthcare, with 2019 revenues of $11.4 billion and recognition among the World's Most Admired Companies.

Universal Health Services (UHS) announced the pricing of its private offering of $800 million in 2.650% senior secured notes due 2030. The notes will mature on October 15, 2030, with interest paid semi-annually, starting on April 15, 2021. The proceeds will be used to redeem $700 million of existing 4.750% senior secured notes due 2022 on September 28, 2020, along with accrued interest and transaction expenses. The offering is expected to close on September 21, 2020, and is limited to qualified institutional buyers.