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Universal Health Services, Inc. - UHS STOCK NEWS

Welcome to our dedicated page for Universal Health Services news (Ticker: UHS), a resource for investors and traders seeking the latest updates and insights on Universal Health Services 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.

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Universal Health Services (NYSE: UHS), a leading provider of hospital and healthcare services, has announced a cash dividend of $0.20 per share. The dividend will be paid on September 17, 2024 to shareholders of record as of September 3, 2024. UHS operates a network of acute care hospitals, behavioral health facilities, outpatient facilities, and ambulatory care access points across the United States, Puerto Rico, and the United Kingdom. This dividend announcement demonstrates the company's commitment to returning value to its shareholders and may indicate confidence in its financial stability.

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Universal Health Services (NYSE: UHS) announced it will release its second-quarter 2024 financial results on July 24, 2024, after market close. The company will host a conference call for investors and analysts the following day at 9:00 a.m. Eastern time. A live webcast will be available on the UHS website, and interested participants are required to register in advance to receive the call details. UHS operates a wide network of acute care hospitals, behavioral health facilities, and ambulatory centers in the U.S., U.K., and Puerto Rico.

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Universal Health Services (UHS) announced that Steve Filton, Executive Vice President and CFO, will participate in a fireside chat at the 45th Annual Goldman Sachs Global Healthcare Conference on June 11, 2024, at 4:00pm (ET).

A live audio webcast will be available on the company's website, with a replay accessible for 90 days.

UHS is a major provider of hospital and healthcare services, operating various facilities across the United States, Puerto Rico, and the United Kingdom.

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Universal Health Services (NYSE: UHS) announced a cash dividend of $0.20 per share, payable on June 17, 2024, to shareholders of record as of June 03, 2024. UHS, one of the largest healthcare service providers, operates various medical facilities across the United States, Puerto Rico, and the United Kingdom. The company offers acute care, behavioral health, outpatient, and ambulatory care services through its subsidiaries.

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Universal Health Services, Inc. reported strong financial results for the first quarter of 2024, with net income of $261.8 million and net revenues up by 10.8% to $3.844 billion. Adjusted net income was $253.1 million, showing significant growth compared to the previous year. Acute care services saw increased admissions and revenue, while behavioral health care services also showed growth. Operating activities provided $396 million in net cash, and the company had $733 million in available borrowing capacity. A stock repurchase program was active during the quarter, with 700,000 shares repurchased. An investor conference call is scheduled for April 25, 2024.
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Universal Health Services, Inc. (NYSE: UHS) will be presenting at the RBC Capital Markets Global Healthcare Conference in New York on May 14, 2024, and at the Leerink Partners Healthcare Crossroads Conference in Austin on May 29, 2024. The company, a leading healthcare service provider, operates hospitals, behavioral health facilities, and outpatient centers in the US, Puerto Rico, and the UK.
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Universal Health Services, Inc. (UHS) will release its first-quarter results on March 31, 2024. The conference call for investors and analysts will be held on April 25, 2024, at 9:00 a.m. Eastern time. UHS operates hospitals, behavioral health facilities, and ambulatory centers in the US, UK, and Puerto Rico.
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Universal Health Services, Inc. (UHS) reports a rise in net income and revenues for the fourth quarter of 2023 compared to 2022. Adjusted net income shows a slight decrease. The company's EBITDA and adjusted EBITDA also display growth. For the full year 2023, UHS shows an increase in net income and revenues compared to 2022. The company's operating activities provide positive cash flow, with an increase in liquidity. UHS has an ongoing stock repurchase program and a forecast for 2024 indicates expected growth in net revenues and earnings.
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Universal Health Services, Inc. (UHS) will be presenting at two healthcare conferences in March 2024. Steve Filton, EVP, and CFO will present at the TD Cowen 44th Annual Health Care Conference and the Barclays 26th Annual Global Healthcare Conference. UHS is a leading provider of hospital and healthcare services in the US, Puerto Rico, and the UK.
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Universal Health Services, Inc. (UHS) will report Q4 and full year 2023 results on Feb 27, 2024. The company operates hospitals, behavioral health facilities, and ambulatory centers in the US, UK, and Puerto Rico. A conference call for investors and analysts is scheduled for Feb 28, 2024.
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FAQ

What services does Universal Health Services, Inc. (UHS) provide?

UHS provides acute care hospital services, behavioral health services, surgical hospitals, ambulatory surgery centers, and radiation oncology centers.

Where is UHS headquartered?

UHS is headquartered in King of Prussia, Pennsylvania.

When was UHS founded?

UHS was founded in 1978.

What recent financial performance has UHS reported?

In 2023, UHS reported annual revenues of $14.282 billion and a net income of $717.8 million, or $10.23 per diluted share.

How many employees does UHS have?

UHS employs approximately 96,700 people.

What is UHS' business strategy?

UHS aims to build or acquire high-quality hospitals in growing markets, focusing on exceptional service and cost efficiency.

Does UHS have any stock repurchase programs?

Yes, UHS has an ongoing stock repurchase program with an aggregate available authorization of approximately $423 million as of December 31, 2023.

What recognition has UHS received?

UHS is ranked #311 on the Fortune 500 list and #434 on Forbes' list of America's Largest Public Companies. It has also been named one of the World's Most Admired Companies by Fortune.

What are the two main operational segments of UHS?

UHS operates in two main segments: Acute Care Hospital Services and Behavioral Health Services.

Who does UHS act as an advisor to?

UHS acts as the advisor to Universal Health Realty Income Trust (NYSE: UHT), a real estate investment trust.

Universal Health Services, Inc.

NYSE:UHS

UHS Rankings

UHS Stock Data

12.10B
59.68M
4%
95.38%
2.28%
General Medical and Surgical Hospitals
Health Care and Social Assistance
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United States of America
KING OF PRUSSIA