- Business
- Universal Health Services, Inc. (UHS) operates as one of the nation's largest providers of hospital and healthcare services through its subsidiaries, owning and managing acute care hospitals, behavioral health facilities, freestanding emergency departments, and outpatient centers; core offerings include general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and comprehensive inpatient and outpatient behavioral health treatments for psychiatric conditions and substance abuse across all ages. The company conducts operations in 39 U.S. states, Washington, D.C., Puerto Rico, and the United Kingdom, employing approximately 99,300 people and serving patients via Medicare, Medicaid, managed care, private insurance, and direct pay; it also provides health insurance plans through Prominence Health and physician management services through Independence Physician Management, with a wholly-owned subsidiary advising Universal Health Realty Income Trust (UHT). Founded in 1979 by Alan B. Miller and headquartered at 367 South Gulph Road in King of Prussia, Pennsylvania, UHS generates revenue primarily from its Acute Care Hospital Services and Behavioral Health Care Services segments, supplemented by capital resources, centralized purchasing, information systems, facilities planning, physician recruitment, and administrative support to its network of 29 acute care hospitals, 331 behavioral health inpatient facilities, 33 freestanding emergency departments, and 27 outpatient facilities. Recent developments include the October 2025 authorization of a $1.5 billion increase to its stock repurchase program, bringing total authorization to $1.759 billion; the September 2025 appointment of Darren Lehrich as Vice President of Investor Relations; the July 2025 beam topping ceremony for Three Trails Behavioral Hospital; the June 2025 launch of Hippocratic AI’s generative AI agents for post-discharge patient engagement; ribbon cuttings and openings such as West Henderson Hospital in December 2024 and Southridge Behavioral Hospital in May 2025; plans to acquire River Crest Hospital announced in June 2024; and ongoing joint ventures including with Lehigh Valley Health Network for Hanover Hill Behavioral Health, Trinity Health Michigan for Southridge, and the George Washington University for Cedar Hill Regional Medical Center.