Universal Health Services Stock

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, 2024, the company owned and/or operated 360 inpatient facilities and 48 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 27 inpatient acute care hospitals; 27 free-standing emergency departments; and 10 outpatient centers & 1 surgical hospital.

Behavioral health care facilities (333 inpatient facilities and 10 outpatient facilities):

Located in the U.S. include 186 inpatient behavioral health care facilities, and 8 outpatient behavioral health care facilities.

Located in the U.K. include 144 inpatient behavioral health care facilities, and 2 outpatient behavioral health care facilities.

Located in Puerto Rico include 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 each of 2023. Net revenues from the company's behavioral health care facilities and commercial health insurer accounted for 43% of its consolidated net revenues during each of 2023.

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. The company was incorporated in 1979.