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 $3.963 billion, up from $3.563 billion in the prior year, with a $340 million increase from existing facilities and $60 million from other factors. This indicates solid organic growth and effective management of revenue streams.
Income from operations increased to $384.165 million from $285.357 million in the prior year, demonstrating improved profitability. This growth is a positive sign for the company's operational efficiency and cost management.
The effective income tax rate decreased to 22.1% from 23.8% in the prior year, contributing to a higher net income. This decrease is primarily due to favorable changes in the net tax benefit recognized from employee share-based payments.