array(3) {
["company_details"]=>
array(13) {
["name"]=>
string(31) "Universal Health Services, Inc."
["slug"]=>
string(38) "0354a-us-universal-health-services-inc"
["logo"]=>
string(84) "https://images.businessradar.com/linkedin_logos/2086c5a1-7800-45dc-ba37-029c1d3c25be"
["description"]=>
string(1549) "One of the nation’s largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. has built an impressive record of achievement and performance. Growing steadily since our inception into an esteemed Fortune 500 corporation, our annual revenues during 2022 were approximately $13.4 billion. In 2023, UHS was again recognized as one of the World’s Most Admired Companies by Fortune; ranked #311 on the Fortune 500; and in 2022, ranked #391 among U.S. companies on Forbes Global 2000 World’s Largest Public Companies.
Our operating philosophy is as effective today as it was upon the Company’s founding in 1979, enabling us to provide compassionate care to our patients and their loved ones. Our strategy includes building or acquiring high quality hospitals in rapidly growing markets, investing in the people and equipment needed to allow each facility to thrive, and becoming the leading healthcare provider in each community we serve.
Headquartered in King of Prussia, PA, UHS has approximately 94,000 employees and through its subsidiaries operates 28 inpatient acute care hospitals, 331 inpatient behavioral health facilities, 39 outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located in 39 U.S. states, Washington, D.C., Puerto Rico and the United Kingdom. It acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust (NYSE:UHT). For additional information visit www.uhs.com."
["address_street"]=>
string(14) "367 S Gulph Rd"
["address_place"]=>
string(15) "King OF Prussia"
["address_region"]=>
string(12) "Pennsylvania"
["founding_date"]=>
string(10) "1978-02-13"
["website_domain"]=>
string(7) "uhs.com"
["website_url"]=>
string(15) "https://uhs.com"
["industry_codes"]=>
array(5) {
[0]=>
string(42) "Offices and Clinics of Doctors of Medicine"
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string(38) "General Medical and Surgical Hospitals"
[2]=>
string(21) "Psychiatric Hospitals"
[3]=>
string(57) "Specialty Outpatient Facilities, Not Elsewhere Classified"
[4]=>
string(19) "Management Services"
}
["employee_count"]=>
int(75)
["article_count"]=>
int(895)
}
["articles"]=>
array(9) {
[0]=>
array(7) {
["title_en"]=>
string(68) "As GW’s medical enterprise falters, leaders look for a way forward"
["snippet_en"]=>
string(144) "Officials blamed the initial losses on the outbreak of the COVID-19 pandemic, but the MFA is now floundering to close to $250 million in losses."
["url"]=>
string(98) "https://gwhatchet.com/2024/02/15/as-gws-medical-enterprise-falters-leaders-look-for-a-way-forward/"
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["publication_date"]=>
string(10) "2024-02-15"
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["title_en"]=>
string(77) "Mask Mandates Reinstituted at Multiple Upstate New York Healthcare Facilities"
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string(156) "Reportedly, because of a recent increase in COVID-19 cases, multiple healthcare facilities in Upstate New York have reinstated mask mandates, including UHS."
["url"]=>
string(47) "https://cnynews.com/ixp/498/p/is-covid-back-ny/"
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["publication_date"]=>
string(10) "2023-08-23"
["categories"]=>
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["title_en"]=>
string(76) "UHS continued COVID recovery as behavioral, acute volumes boosted Q1 results"
["snippet_en"]=>
string(95) "The operator posted increases in acute care and behavioral volumes while tempering labor costs."
["url"]=>
string(87) "https://www.healthcaredive.com/news/uhs-covid-recovery-behavioral-acute-volumes/648643/"
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["publication_date"]=>
string(10) "2023-04-26"
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["title_en"]=>
string(64) "Universal Health Resolves Suit Challenging Insider Stock Options"
["snippet_en"]=>
string(220) "Universal Health Services Inc. board members are set to exit litigation over claims they exploited the market panic at the start of the pandemic to give themselves steeply discounted stock options worth tens of millions."
["url"]=>
string(118) "https://news.bloomberglaw.com/health-law-and-business/universal-health-resolves-suit-challenging-insider-stock-options"
["image_url"]=>
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string(10) "2022-11-16"
["categories"]=>
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string(5) "Fraud"
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[4]=>
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["title_en"]=>
string(105) "Universal Health Services sees dipping profits despite halving contract labor costs from previous quarter"
["snippet_en"]=>
string(184) "Updated on Oct. 26 with executives' earnings call commentaries. | The acute and behavioral care company said its operations are still feeling the sting of COVID-19 and labor shortages."
["url"]=>
string(112) "https://www.fiercehealthcare.com/providers/universal-health-services-sees-higher-revenue-dipping-profits-q3-2022"
["image_url"]=>
string(78) "https://images.businessradar.com/articles/1ca9a92f-1eb3-4cde-adb3-a5a513f17a8b"
["source"]=>
string(20) "fiercehealthcare.com"
["publication_date"]=>
string(10) "2022-10-26"
["categories"]=>
array(3) {
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string(8) "Epidemic"
[1]=>
string(21) "Financial Performance"
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string(24) "Quarterly/Annual Figures"
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[5]=>
array(7) {
["title_en"]=>
string(91) "UHS focusing on lowering premium pay, filling staff roles as it faces inflationary pressure"
["snippet_en"]=>
string(238) "CFO Steve Filton said that, while he doesn’t believe premium pay will return to pre-pandemic levels in the foreseeable future, a lull in COVID-19 cases could give UHS an opportunity to reduce costs as demand for contract labor drops."
["url"]=>
string(123) "https://www.healthcaredive.com/news/uhs-third-quarter-2022-earnings-lowering-premium-pay-fill-staff-inflation-labor/635001/"
["image_url"]=>
string(78) "https://images.businessradar.com/articles/8b3827a3-bfca-4888-b33b-c9ac3d16ddfe"
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string(18) "healthcaredive.com"
["publication_date"]=>
string(10) "2022-10-26"
["categories"]=>
array(3) {
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string(10) "Litigation"
[1]=>
string(8) "Epidemic"
[2]=>
string(5) "Legal"
}
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[6]=>
array(7) {
["title_en"]=>
string(68) "How tight nursing home capacity is bottlenecking hospital operations"
["snippet_en"]=>
string(231) "Large hospital operators reported increasing lengths of stay and difficulties discharging patients in the first half of 2022. The answer to why lies in a perennially stressed post-acute care chassis driven to the brink by COVID-19."
["url"]=>
string(94) "https://www.healthcaredive.com/news/hospitals-length-stay-nursing-home-labor-discharge/630871/"
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["publication_date"]=>
string(10) "2022-10-04"
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string(24) "Quarterly/Annual Figures"
}
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[7]=>
array(7) {
["title_en"]=>
string(57) "As flu season approaches, UHS offers shots by appointment"
["snippet_en"]=>
string(137) "Just because COVID-19 is the new reality, it doesn’t mean the flu went away. On the contrary, flu season still comes around every year."
["url"]=>
string(134) "https://www.pressconnects.com/story/sponsor-story/uhs/2022/09/11/as-flu-season-approaches-uhs-offers-shots-by-appointment/68181031007/"
["image_url"]=>
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["publication_date"]=>
string(10) "2022-09-11"
["categories"]=>
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string(84) "UHS net income cut in half as system predicts COVID impact will persist through 2022"
["snippet_en"]=>
string(170) "The health system — which warned investors it was experiencing a significant shortfall in operational results in June — still performed better than analysts expected."
["url"]=>
string(91) "https://www.healthcaredive.com/news/uhs-second-quarter-income-labor-covid-pressures/628070/"
["image_url"]=>
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string(18) "healthcaredive.com"
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string(10) "2022-07-26"
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0354a-us-universal-health-services-inc
Universal Health Services, Inc.
Location
Pennsylvania
Founded
1978-02-13
Website
https://uhs.com
Articles
895 Articles
Category
Offices and Clinics of Doctors of Medicine
General Medical and Surgical Hospitals
Psychiatric Hospitals
Specialty Outpatient Facilities, Not Elsewhere Classified
Management Services
Description
One of the nation’s largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. has built an impressive record of achievement and performance. Growing steadily since our inception into an esteemed Fortune 500 corporation, our annual revenues during 2022 were approximately $13.4 billion. In 2023, UHS was again recognized as one of the World’s Most Admired Companies by Fortune; ranked #311 on the Fortune 500; and in 2022, ranked #391 among U.S. companies on Forbes Global 2000 World’s Largest Public Companies.
Our operating philosophy is as effective today as it was upon the Company’s founding in 1979, enabling us to provide compassionate care to our patients and their loved ones. Our strategy includes building or acquiring high quality hospitals in rapidly growing markets, investing in the people and equipment needed to allow each facility to thrive, and becoming the leading healthcare provider in each community we serve.
Headquartered in King of Prussia, PA, UHS has approximately 94,000 employees and through its subsidiaries operates 28 inpatient acute care hospitals, 331 inpatient behavioral health facilities, 39 outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located in 39 U.S. states, Washington, D.C., Puerto Rico and the United Kingdom. It acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust (NYSE:UHT). For additional information visit www.uhs.com.
Reportedly, because of a recent increase in COVID-19 cases, multiple healthcare facilities in Upstate New York have reinstated mask mandates, including UHS.
Universal Health Services Inc. board members are set to exit litigation over claims they exploited the market panic at the start of the pandemic to give themselves steeply discounted stock options worth tens of millions.
Updated on Oct. 26 with executives' earnings call commentaries. | The acute and behavioral care company said its operations are still feeling the sting of COVID-19 and labor shortages.
CFO Steve Filton said that, while he doesn’t believe premium pay will return to pre-pandemic levels in the foreseeable future, a lull in COVID-19 cases could give UHS an opportunity to reduce costs as demand for contract labor drops.
Large hospital operators reported increasing lengths of stay and difficulties discharging patients in the first half of 2022. The answer to why lies in a perennially stressed post-acute care chassis driven to the brink by COVID-19.
The health system — which warned investors it was experiencing a significant shortfall in operational results in June — still performed better than analysts expected.
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