UHS on NYSE

Universal Health Services

Logo: Universal Health Services, Inc., Public domain, via Wikimedia Commons5

American hospital management company

Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania.3 From Wikipedia, CC BY-SA 4.0

$185.21 down 2.15 (1.15%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 18, 2026.

Overview

$17.4BRevenue, fiscal 20256
$1.5BNet income, fiscal 20256
Sep 1978Founded1

Compare with Tenet Healthcare, Community Health Systems or Ardent Health Services, or pick any stock.

  • TickerUHS on NYSE1
  • IndustryServices-General Medical & Surgical Hospitals, NEC1
  • HeadquartersKing of Prussia1
  • Websitewww.uhsinc.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address367 S Gulph Rd, King Of Prussia, Pa 194067
  • Filer categoryLarge accelerated filer7

Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2024, UHS reported total revenues of $15.8 billion.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

11.5%Operating margin6
8.6%Net margin6
9.7%Revenue growth, 20256
20.5%Return on equity6
0.55×Debt to equity6
$849.2MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Managed Care brought in 28% of the revenue Universal Health Services broke down this way in fiscal 2025.

  1. Managed Care$4.9B628%up 9% from 2024
  2. Medicaid$2.7B615%up 19% from 2024
  3. Managed Medicaid$2.5B614%up 8% from 2024
  4. Managed Medicare$2.1B612%up 10% from 2024
  5. Medicare$1.9B611%up 11% from 2024
  6. Other Patient Revenue And Adjustments Net$1.2B67%up 11% from 2024
  7. Other Non Patient Revenue$1.1B66%down 9% from 2024
  8. U K Revenue$1.0B66%up 14% from 2024
Products and services by year
Products and services202320242025
Managed Care$4.2B$4.5B$4.9B
Medicaid$1.5B$2.3B$2.7B
Managed Medicaid$2.3B$2.3B$2.5B
Managed Medicare$1.7B$1.9B$2.1B
Medicare$1.6B$1.7B$1.9B
Other Patient Revenue And Adjustments Net$981.2M$1.1B$1.2B
Other Non Patient Revenue$1.2B$1.2B$1.1B
U K Revenue$761.1M$880.1M$1.0B

Business segments

Acute Care Hospital Services brought in 57% of the revenue Universal Health Services broke down this way in fiscal 2025.

  1. Acute Care Hospital Services$9.9B657%up 11% from 2024
  2. Behavioral Health Services$7.4B643%up 8% from 2024
  3. State Medicaid Programs$56.0M60%up 6% from 2024
  4. Other Operating$13.4M60%up 27% from 2024
Business segments by year
Business segments202320242025
Acute Care Hospital Services$8.1B$8.9B$9.9B
Behavioral Health Services$6.2B$6.9B$7.4B
State Medicaid Programs$73.0M$53.0M$56.0M
Other Operating$9.7M$10.6M$13.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs88¢$15.3B
  • Interest1¢$156.1M
  • Income tax3¢$461.0M
  • Profit9¢$1.5B

Out of $17.4B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending50¢$1.0B
  • Dividends paid3¢$51.3M
  • Share buybacks48¢$968.0M

Out of $1.9B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue9101112136$17.4B in 2025+61% since 2018
0$5.0B$10.0B$15.0B$20.0B2018: $10.8B$10.8B20182019: $11.4B$11.4B2019+6%2020: $11.6B$11.6B2020+2%2021: $12.6B$12.6B2021+9%2022: $13.4B$13.4B2022+6%2023: $14.3B$14.3B2023+7%2024: $15.8B$15.8B2024+11%2025: $17.4B$17.4B2025+10%
Operating income9101112136$2.0B in 2025+70% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $1.2B$1.2B20182019: $1.2B$1.2B2019+3%2020: $1.4B$1.4B2020+12%2021: $1.4B$1.4B2021+0%2022: $1.0B$1.0B2022−26%2023: $1.2B$1.2B2023+17%2024: $1.7B$1.7B2024+43%2025: $2.0B$2.0B2025+19%
Net income9101112136$1.5B in 2025+91% since 2018
0$500.0M$1.0B$1.5B2018: $779.7M$779.7M20182019: $814.9M$814.9M2019+5%2020: $944.0M$944.0M2020+16%2021: $991.6M$991.6M2021+5%2022: $675.6M$675.6M2022−32%2023: $717.8M$717.8M2023+6%2024: $1.1B$1.1B2024+59%2025: $1.5B$1.5B2025+30%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Net revenues$17.4B$15.8B$14.3B
Salaries, wages and benefits$8.1B$7.5B$7.1B
Other operating expenses$4.9B$4.3B$3.8B
Supplies expense$1.7B$1.6B$1.5B
Depreciation and amortization$618.7M$584.8M$568.0M
Lease and rental expense$148.2M$146.4M$141.0M
Operating Expenses, Total$15.4B$14.1B$13.1B
Income from operations$2.0B$1.7B$1.2B
Interest expense, net$156.1M$186.1M$206.7M
Other (income) expense, net-$134.2M-$2.2M$28.3M
Income before income taxes$2.0B$1.5B$940.4M
Provision for income taxes$461.0M$334.8M$221.1M
Net income$1.5B$1.2B$719.3M
Less: Net income (loss) attributable to noncontrolling interests$22.4M$21.0M$1.5M
Net income attributable to UHS$1.5B$1.1B$717.8M
Basic earnings per share attributable to UHS$23.42$17.16$10.35
Diluted earnings per share attributable to UHS$23.10$16.82$10.23
Weighted average number of common sharesbasic63.6M shares66.6M shares69.3M shares
Add: Other share equivalents881.0K shares1.3M shares804.0K shares
Weighted average number of common shares and equivalentsdiluted64.5M shares67.9M shares70.1M shares

Compare Universal Health Services with another company

The story

Alan B. Miller, who currently serves as the company's Executive Chairman, founded Universal Health Services, Inc. in 1979. Within 18 months of its founding, UHS owned four hospitals and had management contracts with two additional hospitals.

In 1979, UHS entered Las Vegas with the purchase of Valley Hospital.

In 1980, the company chose its first Board of Directors. In 1981, UHS held its initial public offering. In 1982, UHS purchased five hospitals from the Stewards Foundation, marking the first time a for-profit corporation purchased hospitals from a nonprofit religious organization. In 1983, UHS purchased Qualicare, Inc. for more than $116 million. The purchase included 11 acute care hospitals and four behavioral health hospitals. In 1986, UHS created Universal Health Realty Income Trust, the first REIT in the healthcare industry.

In 1991, UHS stock trading moved from NASDAQ to NYSE.

In November 2010, UHS reached an agreement in May to acquire Psychiatric Solutions, Inc. for $3.1 billion. In June 2012, UHS announced its plans to acquire Ascend Health Corporation for $517 million. In February 2014, UHS bought Palo Verde Mental Health for an undisclosed amount, renaming the facility to Palo Verde Behavioral Health. In April of that year, UHS announced the acquisition of the Psychiatric Institute of Washington. In September of that year, UHS' stock joined the S&P 500 Index and acquired Cygnet Health Care Limited for approximately $335 million. In August 2015, UHS acquired Alpha Hospitals Holdings Limited for $148 million from private equity group C&C Alpha Group. In September of that year, UHS announced the acquisition of Foundations Recovery Network based in Brentwood, Tennessee for $350 million. In August 2016, UHS bought Desert View Hospital in Pahrump, Nevada for an undisclosed amount. In December of that year, UHS acquired Cambian Group PLC's Adult Services Division. In July 2018, UHS announced its acquisition of the Danshell Group.

On September 28, 2020, Universal Health Services Inc. announced that its network went offline after an unspecified "IT security issue".

In September 2020, consistent with the company's long-standing succession plan, UHS announced that Alan B. Miller would step down as CEO in January 2021 and that President Marc D. Miller would be named CEO.

UHS ranked on the Fortune 500 in 2021, 2022 in 2023 and 2024, and 2025

Read the full text

UHS was named on the Fortune World's Most Admired List in 2025, 2024 2023, 2022, 2021 and 2020.

UHS has been named on the Forbes Global 2000 ranking in 2025. UHS is ranked at #1,090. Of the American companies on the ranking, UHS ranked #355 among U.S. companies and #23 among global Health Care Equipment and Services category. UHS has been on the ranking for 22 years, and in 2023 earned ‘Hall of Fame’ status.

In March 2026, UHS agreed to acquire online and mobile therapy service provider Talkspace for $835 million.

From Wikipedia’s article on Universal Health Services, shared under CC BY-SA 4.0.8

Leadership

Who has led Universal Health Services, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Steve Filton2006–now
19801990200020102020
Board members and other officers (20)

Products and brands

Hospitals and medical centers

As of June 2024, the UCS website lists the following medical and acute care facilities in the United States.

California

Corona

Southwest Healthcare Corona Regional Medical Center

Murrieta

Read the full text

A Plus Urgent Care

Southwest Healthcare Rancho Springs Hospital

Temecula Valley Day Surgery

Palmdale

Southwest Healthcare Palmdale Regional Medical Center

Riverside

Riverside Medical Clinic

Temecula

Southwest Healthcare Temecula Valley Hospital

Wildomar

Southwest Healthcare Inland Valley Hospital

District of Columbia

Washington

The George Washington University Hospital

Cedar Hill Hospital Medical Center

Florida

Arcadia

Manatee Diagnostic Center (Arcadia)

Bradenton

ER at Bayshore Gardens

ER at Sun City Center

ER at Palma Sola

Lakewood Ranch Medical Center

Lakewood Ranch Medical Group

Manatee Diagnostic Center (Pointe West)

Manatee Diagnostic Center (Riverside)

Manatee Health

Manatee Memorial Hospital

Manatee Physician Alliance

Orlando

University Behaviorial Center

Parrish

Manatee Diagnostic Center (Parrish)

Royal Palm Beach

Palms Westside Clinic ASC

Sarasota

ER at Fruitville

Wellington

Wellington Physicians Alliance

West Palm Beach

Wellington Regional Medical Center

Westlake

ER at Westlake

Wimauma

ER at Sun City Center

Nevada

Henderson

ER at Green Valley Ranch

Henderson Hospital

Las Vegas

Centennial Hills Hospital Medical Center

Elite Medical Center

ER at Blue Diamond

ER at Desert Springs

ER at West Craig Road

Spring Valley Hospital Medical Center

Summerlin Hospital Medical Center

Valley Health Physician Alliance

Valley Health Specialty Hospital

Valley Hospital Medical Center

North Las Vegas

ER at North Las Vegas

ER at Valley Vista

Pahrump

Desert View Hospital

Reno

ER at Damonte Ranch

ER at McCarran NW

Northern Nevada Sierra Medical Center

Quail Surgical and Pain Management Center

Sparks

ER at Spanish Springs

Northern Nevada Medical Center

Northern Nevada Medical Group

Oklahoma

Enid

St. Mary's Physician Associates

St. Mary's Regional Medical Center

Pennsylvania

King of Prussia

Eastern Pennsylvania Physician Alliance

UHS Corporate

South Carolina

Aiken

Aiken Physicians Alliance

Aiken Regional Medical Centers

Cancer Care Institute of Carolina

The Surgery Center of Aiken

North Augusta

ER at Sweetwater

Texas

Alamo

South Texas Health System ER Alamo

Amarillo

Northwest Emergency at Town Square

Northwest Emergency on Georgia

Northwest Physicians Group

Northwest Texas Healthcare System

Anna

ER at Anna

Bonham

TMC Bonham Hospital

Denison

Texoma Medical Center

TexomaCare

Eagle Pass

Fort Duncan Regional Medical Center

Edinburg

Cornerstone Regional Hospital

South Texas Health System Edinburg / South Texas Health System Children's

South Texas Health System ER McColl

South Texas Health System ER Monte Cristo

Laredo

Doctors Hospital Emergency Room Saunders

Doctors Hospital Emergency Room South

Doctors Hospital of Laredo

Laredo Physicians Group

McAllen

South Texas Health System Clinics

South Texas Health System ER Ware Road

South Texas Health System Heart

South Texas Health System McAllen

Mission

South Texas Health System ER Mission

Sherman

ER at Sherman

Weslaco

South Texas Health System ER Weslaco

Behavioral health facilities

UHS also operates over 300 behavioral health facilities in the United States and the United Kingdom, including:

Cygnet Health Care, UK

Psychiatric Institute of Washington, Washington, District of Columbia

Suncoast Behavioral Health Center, Bradenton, Florida

Fuller Hospital, South Attleboro, Massachusetts

Willow Springs Center, Reno, Nevada

Friends Hospital, Philadelphia, Pennsylvania

Provo Canyon School, Provo, Utah

Lancaster Behavioral Health Hospital, Lancaster, PA

From Wikipedia’s article on Universal Health Services, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Mar 19, 2021New chief executive Marc D. Miller becomes CEO20
  2. Mar 26, 1990Went public Listed on NYSE1
  3. Sep 1978Founded Founded1

Filings

292 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 147 insider forms, 22 large holders, 52 other. The latest 20:

  1. Oct 8, 2026SCHEDULE 13G EDGAR
  2. Aug 21, 20268-K EDGAR
  3. Aug 18, 2026S-8 EDGAR
  4. Aug 17, 20268-K EDGAR
  5. Aug 13, 20268-K EDGAR
  6. Aug 13, 2026424B5 EDGAR
  7. Aug 12, 2026FWP EDGAR
  8. Aug 10, 2026424B5 EDGAR
  9. Aug 7, 2026POSASR EDGAR
  10. Aug 7, 202610-Q EDGAR
  11. Aug 6, 2026SCHEDULE 13G/A EDGAR
  12. Jul 28, 20268-K EDGAR
  13. Jul 21, 20268-K EDGAR
  14. May 29, 20264 PRIMARY DOCUMENT EDGAR
  15. May 22, 20268-K EDGAR
  16. May 21, 20268-K EDGAR
  17. May 21, 20264 PRIMARY DOCUMENT EDGAR
  18. May 21, 20264 PRIMARY DOCUMENT EDGAR
  19. May 21, 20264 PRIMARY DOCUMENT EDGAR
  20. May 21, 20264 PRIMARY DOCUMENT EDGAR

The 292 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 22 such filings since October 2021, the latest 10:

  1. Oct 8, 2026SCHEDULE 13G
  2. Aug 6, 2026SCHEDULE 13G/A
  3. Apr 30, 2026SCHEDULE 13G
  4. Mar 27, 2026SCHEDULE 13G/A
  5. Feb 5, 2025SCHEDULE 13G/A
  6. Nov 12, 2024SC 13G/A
  7. Nov 6, 2024SC 13G/A
  8. Feb 13, 2024SC 13G/A
  9. Feb 9, 2024SC 13G/A
  10. Feb 9, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
First Eagle Investment Management, LLC9,109,340$1.4B1.1%+4,685,059
BlackRock, Inc.4,059,826$603.7M0.0%−285,257
Vanguard Capital Management LLC3,392,199$504.4M0.0%−60,686
Vanguard Portfolio Management LLC2,452,177$364.6M0.0%−55,990
Dimensional Fund Advisors LP2,210,595$328.7M0.1%+429,333
State Street Corp2,102,613$312.6M0.0%−476,776
Geode Capital Management, LLC1,974,065$293.2M0.0%+26,197
Pzena Investment Management LLC1,969,327$292.8M0.9%+57,092
Invesco Ltd.1,951,147$290.1M0.0%+362,027
Fmr LLC1,416,755$210.7M0.0%+102,099
Arrowstreet Capital, Limited Partnership1,415,848$210.5M0.1%+189,271
Los Angeles Capital Management LLC1,068,124$158.8M0.6%+403,548
American Century Companies Inc944,592$140.5M0.1%+110,878
Massachusetts Financial Services Co /ma/906,103$135.5M0.0%+15,700
Norges Bank888,499$132.1M0.0%New
Morgan Stanley749,754$111.5M0.0%+132,157
Goldman Sachs Group Inc601,953$89.5M0.0%−729,018
Charles Schwab Investment Management Inc575,185$85.5M0.0%−6,683
Canada Pension Plan Investment Board563,029$83.7M0.0%+553,829
Aqr Capital Management LLC523,210$76.9M0.0%−61,848
Hotchkis & Wiley Capital Management LLC510,534$75.9M0.2%+273,316
Northern Trust Corp450,821$67.0M0.0%−77,469
Invenomic Capital Management LP427,264$63.5M3.8%+242,155
Millennium Management LLC417,369$62.1M0.0%−270,387
Allianz Asset Management GmbH377,125$59.5M0.1%+44,449

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000−19.9%Report
Oct 23, 2025Julia LetlowRepublican, HouseBuy$1,001 - $15,000−25.1%Report
Mar 18, 2020Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−44.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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