Welcome to our dedicated page for Univ Health Svc news (Ticker: UHS), a resource for investors and traders seeking the latest updates and insights on Univ Health Svc stock.
Universal Health Services, Inc. (UHS) is a New York Stock Exchange–listed hospital and healthcare services company that describes itself as one of the nation’s largest providers of hospital and healthcare services. Through its subsidiaries, UHS operates acute care hospitals, behavioral health facilities, outpatient facilities, ambulatory centers and ambulatory care access points across the United States, Puerto Rico and the United Kingdom.
This news page for UHS stock aggregates company-specific announcements and media releases so readers can follow developments affecting the business and its shares. UHS regularly issues press releases on quarterly and year-to-date financial results, revisions to its full-year operating results forecast, dividend declarations and changes to its stock repurchase program authorization.
Investors can also find news about UHS’s participation in healthcare investor conferences, including presentations by senior executives, as well as announcements regarding earnings release dates and related conference calls and webcasts. The company’s communications often highlight operating trends in its acute care and behavioral health segments, liquidity and borrowing capacity under its revolving credit facility, and other financial and operational metrics.
In addition, UHS uses news releases to discuss corporate and governance matters, such as appointments to leadership roles and recognition in rankings like the Fortune 500, the Forbes Global 2000 and Fortune’s World’s Most Admired Companies. By reviewing the UHS news feed, readers can monitor financial updates, capital allocation decisions, facility-related developments and other events that the company identifies as important to shareholders and the broader market.
Universal Health Services, Inc. (UHS) reported a net income of $251.9 million, or $2.95 per share, for Q2 2020, up from $238.3 million, or $2.66 per share, in Q2 2019. Despite this, net revenues fell by 4.4% to $2.730 billion. Significant financial contributions came from governmental stimulus programs, totaling approximately $161.9 million. Both adjusted admissions and patient days saw declines of 24.8% and 18.1%, respectively, in acute care services. COVID-19 continues to impact operations, with patient volumes gradually improving following initial reductions.
Universal Health Services (UHS) will announce its second quarter earnings for the period ending June 30, 2020, after the market closes on July 27, 2020. A conference call for investors and analysts is scheduled for 9:00 a.m. Eastern Time on July 28, 2020. Investors can access the call by dialing 1-877-648-7971. A live broadcast will be available on the company's website, along with a replay of the call for one year post-event.
On July 13, 2020, the DOJ announced a settlement involving United Health Services (UHS), requiring the company to pay $117 million for resolving allegations of submitting false claims for inpatient behavioral health services. UHS reportedly admitted federal beneficiaries for unwarranted treatment and failed to provide adequate services from January 2006 to December 2018. The case involved claims from whistleblowers awarded $15.86 million of the settlement. UHS emphasizes that it does not acknowledge wrongdoing in this settlement.
Universal Health Services (UHS) has finalized settlement agreements related to civil investigations of its behavioral health care facilities by the U.S. Department of Justice and various state attorneys general. As of July 9, 2020, the company made net payments of approximately $117.3 million, which included funds previously withheld. UHS denies any wrongdoing, emphasizing that the settlement does not constitute an admission of liability. UHS has also entered into a Corporate Integrity Agreement with OIG-HHS, reinforcing its commitment to compliance in the future.