Company Description
Universal Health Services, Inc. (UHS) is a hospital and healthcare services company whose common stock trades on the New York Stock Exchange under the symbol UHS. The company is described in its public communications as one of the nation’s largest providers of hospital and healthcare services and one of the nation’s largest hospital companies. UHS operates through subsidiaries that own and manage a broad network of facilities serving patients in the general medical and surgical hospitals industry within the health care and social assistance sector.
According to company disclosures, UHS operates acute care hospitals, behavioral health facilities, outpatient facilities, ambulatory centers and ambulatory care access points. These facilities are located throughout the United States, Puerto Rico and the United Kingdom. The firm also reports that it acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust listed on the New York Stock Exchange under the symbol UHT.
Business segments and services
Based on available descriptions, UHS organizes its operations around hospital and healthcare services delivered in different care settings. The company states that it operates acute care hospitals and behavioral health facilities, as well as outpatient and ambulatory locations that extend access to its services. Polygon data further notes that UHS operates in two segments: Acute Care Hospital Services and Behavioral Health Services. The Acute Care Hospital Services segment includes acute care hospitals, surgical hospitals, and surgery and oncology centers, while the Behavioral Health Services segment focuses on behavioral health facilities.
UHS has indicated that it operates inpatient acute care hospitals and inpatient behavioral health facilities, along with outpatient and other facilities, an insurance offering, a physician network and various related services. The company reports that these operations span dozens of U.S. states, Washington, D.C., Puerto Rico and the United Kingdom, reflecting a multi-jurisdictional footprint in hospital and healthcare services.
Scale and corporate profile
In its own public statements, UHS describes itself as one of the largest and most respected providers of hospital and healthcare services. The company reports that it has grown steadily since its founding in 1979 into a Fortune 500 corporation, and also notes recognition as a Fortune 300 corporation in certain communications. UHS has disclosed that it was ranked in the Fortune 500 and listed among the Forbes Global 2000 World’s Largest Public Companies, and that it has been recognized as one of the World’s Most Admired Companies by Fortune.
The company states that it is headquartered in King of Prussia, Pennsylvania. UHS has reported that, through its subsidiaries, it operates inpatient acute care hospitals, inpatient behavioral health facilities, outpatient and other facilities, an insurance offering, a physician network and related services. It also notes that it provides advisory services to Universal Health Realty Income Trust.
Operating philosophy and growth approach
UHS describes its operating philosophy as having remained effective since the company’s founding in 1979. According to its public communications, the company’s strategy includes building or acquiring high quality hospitals in rapidly growing markets, investing in the people and equipment needed to allow each facility to function effectively, and seeking to become the leading healthcare provider in each community it serves. The company also emphasizes providing compassionate care to patients and their loved ones as part of this philosophy.
Within its acute care services, UHS reports on metrics such as adjusted admissions, adjusted patient days, and net revenue per adjusted admission and per adjusted patient day on a same-facility basis. Similar metrics are reported for its behavioral health care services segment. These disclosures indicate that UHS monitors patient volumes and revenue measures across its facilities to assess performance in both acute care and behavioral health operations.
Geographic footprint
Company news releases state that UHS, through its subsidiaries, operates acute care hospitals, behavioral health facilities, outpatient facilities and ambulatory care access points located across the United States, Puerto Rico and the United Kingdom. In additional disclosures, UHS reports that its network of inpatient acute care hospitals, inpatient behavioral health facilities, outpatient and other facilities, insurance offering, physician network and related services is located in 39 U.S. states, Washington, D.C., Puerto Rico and the United Kingdom.
This footprint places UHS among hospital and healthcare services companies with operations in multiple U.S. regions and selected international markets. The company’s facilities include both inpatient and outpatient settings and encompass acute medical/surgical care and behavioral health care.
Capital allocation and shareholder programs
UHS regularly communicates with investors about its capital allocation activities. Public news releases describe a stock repurchase program under which shares of the company’s Class B common stock may be repurchased from time to time on the open market or in negotiated private transactions, subject to authorization levels set by the Board of Directors. The company has also announced periodic cash dividends per share, with record and payment dates specified in its releases.
In addition, UHS issues earnings releases and associated forecasts for consolidated net revenues, adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA, net of noncontrolling interests), and adjusted net income attributable to UHS per diluted share. These communications are typically accompanied by conference calls and webcasts for investors and analysts, as described in the company’s announcements.
Corporate governance and executive arrangements
SEC filings show that UHS maintains formal employment agreements with senior executives. For example, an 8-K filing describes an amended and restated employment agreement for the company’s Chief Executive Officer and President, including provisions on base salary, annual bonus opportunities, participation in long-term incentive plans, and various benefits. The filing also outlines terms related to vesting of long-term stock-based incentive awards and the treatment of compensation and benefits upon different types of employment termination events.
These disclosures illustrate how UHS structures executive compensation and governance arrangements, including guarantees by the parent company of obligations under certain subsidiary-level employment agreements and related guaranty amendments.
Investor communications and transparency
UHS regularly issues press releases regarding quarterly and year-to-date financial results, revisions to its full-year operating results forecast, dividend declarations, stock repurchase authorizations, conference presentations and earnings call schedules. The company also files current reports on Form 8-K to furnish earnings releases, disclose material events such as litigation developments, and report on executive employment agreements.
Through these channels, UHS provides investors with information on its financial performance, operating trends in its acute care and behavioral health segments, liquidity and borrowing capacity under its revolving credit facility, and changes to its capital return programs. The company also communicates about legal matters that may have a material effect on its financial condition, as reflected in its 8-K disclosure regarding litigation in Nevada involving a subsidiary and other defendants.
Position within the health care and social assistance sector
Within the broader health care and social assistance sector, UHS is classified in the general medical and surgical hospitals industry. Its combination of acute care hospital services, behavioral health services, and outpatient and ambulatory facilities positions it as a diversified hospital and healthcare services operator as described in its own communications. The company’s presence across multiple U.S. states, Washington, D.C., Puerto Rico and the United Kingdom, along with its advisory role to a healthcare-focused real estate investment trust, underscores its role as a large, multi-facility healthcare enterprise.
FAQs about Universal Health Services, Inc. (UHS)
- What does Universal Health Services, Inc. do?
Universal Health Services, Inc. is a hospital and healthcare services company. According to its public statements, it operates acute care hospitals, behavioral health facilities, outpatient facilities, ambulatory centers and ambulatory care access points through its subsidiaries. - In which industry and sector does UHS operate?
UHS operates in the general medical and surgical hospitals industry within the broader health care and social assistance sector. - Where does UHS operate its facilities?
Company disclosures state that UHS operates facilities throughout the United States, Puerto Rico and the United Kingdom. It also reports that its network spans 39 U.S. states, Washington, D.C., Puerto Rico and the United Kingdom. - What are the main business segments of UHS?
Polygon data indicates that UHS operates in two segments: Acute Care Hospital Services and Behavioral Health Services. The Acute Care Hospital Services segment includes acute care hospitals, surgical hospitals, and surgery and oncology centers, while the Behavioral Health Services segment encompasses behavioral health facilities. - On which exchange is UHS stock listed and what is its ticker symbol?
Universal Health Services, Inc. common stock is listed on the New York Stock Exchange under the ticker symbol UHS. - Where is Universal Health Services, Inc. headquartered?
The company states that it is headquartered in King of Prussia, Pennsylvania. - How does UHS describe its growth and corporate profile?
UHS describes itself as one of the nation’s largest and most respected providers of hospital and healthcare services. It reports that it has grown steadily since its founding in 1979 into a Fortune 500 or Fortune 300 corporation and has been recognized on lists such as the Fortune 500, the Forbes Global 2000 and Fortune’s World’s Most Admired Companies. - What is UHS’s stated operating philosophy?
According to company communications, UHS’s operating philosophy includes building or acquiring high quality hospitals in rapidly growing markets, investing in people and equipment to support each facility, and seeking to become the leading healthcare provider in each community it serves, while providing compassionate care to patients and their families. - Does UHS return capital to shareholders?
Yes. UHS has announced cash dividends per share and maintains a stock repurchase program under which shares of its Class B common stock may be repurchased on the open market or through negotiated private transactions, subject to Board authorization. - What types of information does UHS provide in its SEC filings and news releases?
UHS uses SEC filings and news releases to report financial results, revisions to operating forecasts, details of its stock repurchase program and dividends, information on executive employment agreements, litigation developments that may affect its financial condition, and schedules for earnings calls and investor conference presentations.