About Universal Health Services

Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals and outpatient facilities and behavioral health care facilities. As of February 27, 2023, the company owned and/or operated 359 inpatient facilities and 39 outpatient and other facilities, including the following located in 39 states, Washington, D.C., the United Kingdom and Puerto Rico. Acute care facilities located in the U.S.: The company operates 28 inpatient acute care hospitals; 21 free-standing emergency departments, and 7 outpatient centers & 1 surgical hospital. Behavioral Health Care Facilities (331 inpatient facilities and 10 outpatient facilities): Located in the U.S. include 185 inpatient behavioral health care facilities, and 8 outpatient behavioral health care facilities. Located in the U.K. include 143 inpatient behavioral health care facilities, and 2 outpatient behavioral health care facilities. Located in Puerto Rico includes 3 inpatient behavioral health care facilities. Net revenues from the company’s acute care hospitals, outpatient facilities and commercial health insurer accounted for 57% of its consolidated net revenues during 2022. Net revenues from the company’s behavioral health care facilities and commercial health insurer accounted for 43% of its consolidated net revenues during 2022. Services provided by the company’s hospitals include general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services and/or behavioral health services. The company provides capital resources as well as a variety of management services to its facilities, including central purchasing, information services, finance and control systems, facilities planning, physician recruitment services, administrative personnel management, marketing and public relations. Business Strategy The company selectively seeks opportunities to expand its base of operations by acquiring, constructing or leasing additional hospital facilities. The company is committed to a program of rational growth around its core businesses, while retaining the missions of the hospitals it manages and the communities it serves. The company also seeks to increase the operating revenues and profitability of owned hospitals by the introduction of new services, improvement of existing services, physician recruitment and the application of financial and operational controls. In addition, the company’s aggressive recruiting of highly qualified physicians and developing provider networks help to establish its facilities as an important source of quality healthcare in their respective communities. Regulations The company’s eligible hospitals have been accredited by The Joint Commission. Its acute care hospitals and majority of its behavioral health centers in the U.S. are certified as providers of Medicare and Medicaid services by the appropriate governmental authorities. The company is in material compliance with the privacy regulations of the Health Insurance Portability and Accountability Act of 1996, as it continues to develop training and revise procedures to address ongoing compliance. The company’s hospitals are subject to the Emergency Medical Treatment and Active Labor Act. History Universal Health Services, Inc. was founded in 1978.

Country
Industry:
General medical and surgical hospitals
Founded:
1978
IPO Date:
06/06/1991
ISIN Number:
I_US9139031002
Address:
Universal Corporate Center, 367 South Gulph Road, PO Box 61558, King of Prussia, Pennsylvania, 19406-0958, United States
Phone Number
610 768 3300

Key Executives

CEO:
Miller, Marc
CFO
Filton, Steve
COO:
Data Unavailable