Sector: Healthcare|Industry: Medical Care Facilities|Market Cap: $11.94B|Employees: 97K
Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company’s hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services. It also provides commercial health insurance services; and various management services, which include central purchasing, information, finance and control systems, facilities planning, physician recruitment, administrative personnel management, marketing, and public relations services. Universal Health Services, Inc. founded in 1978 and is headquartered in King of Prussia, Pennsylvania.
Net revenues reached $3.844 billion, up from $3.468 billion in the same quarter last year, primarily due to a $338 million increase in revenues from facilities operated during both periods and a $38 million increase from other sources. This indicates strong organic growth in the company's core service areas.
Income before income taxes rose to $336 million, compared to $214 million in the prior year, driven by improved performance in both acute care and behavioral health segments. This demonstrates improved profitability and operational efficiency.
Net income attributable to UHS was $261.834 million, compared to $163.115 million in the prior year, reflecting improved overall financial performance. This significant increase in net income showcases the company's ability to translate revenue growth into bottom-line profitability.