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 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.
Universal Health Services, Inc. (NYSE: UHS) will announce its first quarter results for 2021 on April 26, after market close. A conference call for investors and analysts is scheduled for April 27 at 9:00 a.m. ET, where they can discuss the results. Investors can call in at 1-877-648-7971. The call will also be broadcast live on the company's website, with a replay available for one year. Universal Health Services operates a network of acute care hospitals, behavioral health facilities, and ambulatory centers in the U.S., U.K., and Puerto Rico.
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.
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