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. (NYSE:UHS) operates one of the nation's largest networks of acute care hospitals and behavioral health facilities. This dedicated news hub provides investors and industry professionals with essential updates on operational developments, financial performance, and strategic initiatives.
Access timely press releases covering earnings announcements, facility expansions, service innovations, and leadership updates. Our curated collection simplifies tracking UHS's progress in both acute care and behavioral health markets while maintaining compliance with healthcare regulations.
Key content categories include quarterly financial results, partnership announcements, accreditation milestones, and technology implementations. Bookmark this page for streamlined monitoring of UHS's market position within the evolving healthcare landscape.
Universal Health Services, Inc. (UHS) reported a strong first quarter of 2023, achieving a net income of $163.1 million, or $2.28 per diluted share, up from $153.9 million or $2.02 per share in Q1 2022. Net revenues grew by 5.3% to $3.468 billion, compared to $3.293 billion in the prior year. Adjusted net income was $167.6 million, or $2.34 per diluted share, an increase from $163.5 million in the previous year. EBITDA also rose to $407.3 million from $368.3 million. Acute care services saw a 3.5% revenue increase, while behavioral health care services surged by 9.7%. However, net cash from operations decreased to $291 million from $445 million in 2022, primarily due to changes in working capital. The company has an available repurchase authorization of $869 million for its stock buyback program.
Universal Health Services (NYSE: UHS) will report its first-quarter results for the period ending March 31, 2023 on April 25, 2023, after market close.
A conference call is scheduled for April 26, 2023, at 9:00 a.m. Eastern time, during which investors and analysts can discuss the results. A live webcast will be available on the company's website for those unable to join by phone. Participants must register in advance to obtain the dial-in details.
Universal Health Services is one of the largest hospital companies in the U.S., operating across various facilities in the U.S., the U.K., and Puerto Rico.
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