Universal Health Services, Inc. filings document the financial results, governance practices and capital structure of a healthcare-services company operating acute care hospitals, behavioral health facilities, outpatient facilities and ambulatory care access points through subsidiaries. Form 8-K reports include operating and financial results, material agreements, credit-facility disclosures and other corporate events.
UHS proxy materials cover shareholder voting matters, board oversight, executive compensation and incentive-plan arrangements. The company’s regulatory disclosures also address risk factors, legal proceedings, ownership and governance matters, and capital actions such as share repurchases, dividends and financing arrangements.
Universal Health Services Inc. (UHS) President and CEO Marc D. Miller exercised options covering 75,000 Class B common shares on November 11, 2026, at an exercise price of $143.81 per share. The report lists 29,001 options remaining after the exercise. On the same date, 63,377 Class B shares were delivered or withheld for payment of exercise price or tax liability; no Rule 10b5-1 plan is reported. Six trusts are listed as indirect holders: The Abby Danielle Miller 2002 Trust, 49,294 shares; The Abby Miller King 2011 Family Trust, 55,763; The Marc Daniel Miller 2002 Trust, 36,988; The Marc Daniel Miller 2011 Family Trust, 59,900; The Marni Spencer 2002 Trust, 69,726; and The Marni Spencer 2011 Family Trust, 55,763.
Universal Health Services (UHS) reported third-quarter 2026 net revenues of $4.733 billion, versus $4.495 billion a year earlier. Net income attributable to UHS was $308.684 million, versus $372.957 million, and diluted earnings per share were $5.22, versus $5.86. For the first nine months, revenues were $13.867 billion versus $12.879 billion, while cash provided by operating activities was $1.481 billion versus $1.290 billion.
UHS completed its acquisition of Talkspace in August 2026 and drew $400 million under a delayed-draw term loan at closing; total debt was $5.7 billion as of September 30, 2026. Laurel Ridge, a 330-bed behavioral health facility, was terminated from Medicare and Medicaid effective April 30, 2026; it submitted a recertification application and reported a $16 million pretax loss for the first nine months. After Utah revoked licenses at both Provo Canyon School campuses in July, UHS agreed to relinquish their adolescent licenses. Following the behavioral-health segment president’s resignation, President and CEO Marc D. Miller assumed interim segment responsibilities.
Universal Health Services (UHS) reported third-quarter 2026 revenue of $4.733 billion, up 5.3% year over year, while net income attributable to UHS was $308.7 million versus $373.0 million and diluted EPS was $5.22 versus $5.86. EBITDA net of NCI was $640.4 million, compared with $684.2 million; adjusted EBITDA net of NCI was $624.6 million versus $670.6 million.
On a same-facility basis, acute-care revenue increased 4.7%, though revenue per adjusted admission and per adjusted patient day each decreased 1.7%. Behavioral-health revenue rose 4.0%, with revenue per adjusted admission up 1.7% and per adjusted patient day up 2.1%. The quarter included an approximately $21 million net favorable pre-tax impact from Medicaid supplemental payments, partly offset by a $26 million increase in self-insured claims reserves.
For the first nine months, revenue rose 7.7% to $13.867 billion and operating cash flow increased 14.9% to $1.481 billion. UHS repurchased 3.915 million shares for approximately $689.6 million, with approximately $735.4 million of authorization available at September 30, 2026. UHS completed its acquisition of Talkspace, Inc. in August 2026.
Pzena Investment Management, LLC reports beneficial ownership of 2,639,500 shares of Universal Health Services Inc. Class B common stock, equal to 5.1% of the class. It has sole voting power over 2,260,923 shares and sole dispositive power over 2,639,500 shares; shared voting and dispositive power are both zero.
Pzena’s clients have the right to receive and the ultimate power to direct the receipt of dividends and sale proceeds from the reported securities. No individual client’s interest relates to more than 5% of the class.
For Universal Health Services Inc. common stock, Dimensional Fund Advisors reported beneficial ownership of 2,679,916 shares, or 5.2%, as of September 30, 2026. It reported sole voting power over 2,643,168 shares and sole dispositive power over 2,679,916 shares; shared voting and dispositive power were zero. The shares are owned by the investment funds it advises, and Dimensional disclaims beneficial ownership.
Universal Health Services, Inc. (UHS) completed a registered public offering of $600 million of 5.500% Senior Secured Notes due 2031 and $500 million of 6.000% Senior Secured Notes due 2036. Both series are guaranteed on a senior secured basis by subsidiaries that guarantee UHS’s senior secured credit facility or other first or junior lien obligations.
The Notes are secured by first‑priority liens, subject to permitted liens, on specified assets of UHS and certain subsidiary guarantors, ranking equally with UHS’s existing secured facilities and senior secured notes due 2026, 2029, 2030, 2032 and 2034. The Notes carry investment grade ratings from Moody’s and S&P. The indenture includes limits on consolidations or major asset sales, new mortgages on principal properties and certain sale‑leaseback transactions. UHS may redeem the Notes at par plus accrued interest and, if before set dates, a make‑whole premium. Upon certain changes of control combined with loss of investment grade ratings, holders can require UHS to repurchase their Notes at 101% of principal plus accrued interest.
Universal Health Services, Inc. completed the acquisition of Talkspace, Inc., with Talkspace becoming an indirect wholly owned subsidiary. The transaction closed on August 17, 2026 under a previously announced Agreement and Plan of Merger. Each share of Talkspace common stock converted into the right to receive $5.25 in cash, and vested Talkspace stock options and RSUs were cancelled for transaction proceeds, while unvested awards were converted into equity awards tied to UHS Class B common stock.
To fund the purchase price, UHS borrowed $400 million under a delayed draw term loan facility and drew additional funds under its revolving credit facility, both under its long-standing Credit Agreement, creating new direct financial obligations. The combination joins UHS’s large behavioral and acute care footprint with Talkspace’s virtual behavioral health platform, which uses a network of approximately 6,000 licensed providers serving more than 200 million people. UHS reported approximately $17.4 billion in 2025 revenues and operates extensive hospital and behavioral health facilities across multiple geographies.
Universal Health Services, Inc. entered into an underwriting agreement with a syndicate led by J.P. Morgan Securities, BofA Securities, Truist Securities, U.S. Bancorp Investments and Wells Fargo Securities for the issuance and sale of $1,100,000,000 aggregate principal amount of senior secured notes. The notes will be guaranteed on a senior secured basis by subsidiaries that guarantee the company’s senior secured credit facility and other first- or junior-lien obligations, and will be issued under an effective Form S-3 shelf registration and related prospectus supplement. Affiliates of several underwriters are lenders and agents under the company’s revolving credit facility and term loans and will receive a portion of the proceeds through repayment of outstanding borrowings and potential repayment of 1.650% Senior Secured Notes due 2026. J.P. Morgan Securities LLC is also acting as financial advisor on the proposed acquisition of Talkspace, Inc.
Universal Health Services, Inc. (UHS) is issuing $600 million of 5.500% Senior Secured Notes due 2031 and $500 million of 6.000% Senior Secured Notes due 2036, at issue prices of 99.937% and 99.359%, respectively. Interest accrues from August 20, 2026 and is payable in cash on March 1 and September 1, with maturities on September 1, 2031 and September 1, 2036. The notes are secured by first‑priority liens on specified assets and guaranteed by subsidiaries that also guarantee UHS’s senior secured credit facility and other first‑lien or junior‑lien debt, ranking pari passu with existing secured notes and senior secured bank debt but structurally subordinated to obligations of non‑guarantor subsidiaries.
UHS expects net proceeds of about $1.086 billion, to be used to repay its $700 million 1.650% Senior Secured Notes due 2026 at maturity, repay $225 million outstanding under its revolving credit facility (which will then fund part of the Talkspace acquisition), and for general corporate purposes, with interim investment in short‑term interest‑bearing instruments. UHS is a large acute care and behavioral health operator with $17.36 billion of 2025 net revenues, leverage ratio of 1.73x and interest coverage of 17.76x as of the latest periods presented.
Universal Health Services, Inc. plans to issue new senior secured notes under an effective shelf registration. The notes will be first-lien, cash-pay instruments guaranteed by subsidiaries that also guarantee the senior secured credit facility and existing secured notes, and secured on a pari passu basis by substantially the same collateral. Proceeds are expected to be used to repay $700 million of 2026 senior secured notes at maturity, reduce $225 million drawn on the revolving credit facility and support the purchase price for Talkspace, with any remainder for general corporate purposes. UHS is a large acute care and behavioral health operator with $9.13 billion net revenues and $707.1 million net income attributable to UHS for the six months ended June 30 2026, total debt of $4.85 billion, total assets of $15.94 billion and a reported leverage ratio of 1.73x. The filing details extensive risks tied to leverage, collateral structure, subsidiary guarantees, change-of-control provisions, interest-rate exposure and potential releases of guarantees and liens if investment-grade conditions are met.