Universal Health Services, Inc. (NYSE: UHS) was founded in 1978 and is headquartered in King of Prussia, Pennsylvania. It has 61,500 full-time employees and is an operator of hospitals, clinics and health centers.
Universal Health Services (UHS):
Universal Health Services is a holding company that owns and operates emergency hospitals, behavioral health centers, surgical hospitals, outpatient surgery centers, and radiation oncology centers through its subsidiaries. The outpatient treatment center department of Global Health Services includes the operation and management of physicians, five surgical hospitals and radiation oncology centers in four states in the United States.
The services that Global Health Services can provide include general clinics, special surgery clinics, internal medicine, obstetrics and gynecology, emergency room care, radiology, oncology, diagnostic care, coronary heart disease care, pediatric services, pharmacy services and behavioral health services.
As of February 28, 2018, Global Health Services owned or operated 326 inpatient facilities, as well as 32 outpatient and other facilities in 37 U.S. states, Washington DC, the United Kingdom, Puerto Rico, and the U.S. Virgin Islands .
Universal Health Services (UHS) History:
- In 1978, Alan B. Miller because Humana hostile takeover of losing his own company –American Medicorp, then re-creation of Universal Health Services, Inc .;
- In 1979, UHS acquired Valley Hospital and entered the Las Vegas hospital market;
- In 1980, Global Health Services established its first board of directors, including: Alan B. Miller, Sidney Miller, George H. Strong, Edwin C. Cohen, Leonard Shaykin and Thomas L. Kempner;
- In 1981, UHS Initial Public Offering (IPO);
- In 1982, UHS acquired 5 hospitals from the Stewards Foundation;
- In 1983, UHS stock was split for the first time. Universal Health Services acquired Qualicare, Inc. for US$116 million, including 11 acute care hospitals and 4 behavioral health hospitals; in the same year, Universal Health Services, Inc. was named by Financial World magazine as the most growing healthcare industry in the past 5 years Fast company
- In 1987, UHS established the Universal Health Realty Income Trust (Universal Health Realty Income Trust), the first REIT in the healthcare industry;
- In 1991, UHS shares were transferred from Nasdaq to the New York Stock Exchange; in the same year, revenue exceeded the $1 billion mark for the first time;
- In 1996, UHS divided the shares again, 1:1 allotment, the stock increased from 14.4 million shares to 28.8 million shares;
- In 1997, UHS acquired The George Washington University Hospital;
- In 2007, UHS established UHS Development Company, Inc. to provide more cost-effective medical services;
- In 2008, UHS revenue exceeded the US$5 billion mark;
- In May 2010, UHS acquired Psychiatric Solutions, Inc., the nation’s largest behavioral health operating agency (hospital operator);
- In 2012, UHS reached an agreement to acquire Ascend Health;
- In 2013, UHS ranked 337th among the 500 largest companies in the United States.
Universal Health Services (UHS) investment:
Similar companies include: LifePoint Health , Community Health Systems , Tenet Healthcare, etc.