Last $0.03 USD
Change Today -0.003 / -10.00%
Volume 708.8K
UGHS On Other Exchanges
Symbol
Exchange
OTC US
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

university general health sy (UGHS) Snapshot

Open
$0.03
Previous Close
$0.03
Day High
$0.03
Day Low
$0.03
52 Week High
01/2/14 - $0.43
52 Week Low
12/24/14 - $0.03
Market Cap
10.2M
Average Volume 10 Days
1.3M
EPS TTM
$-0.10
Shares Outstanding
379.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for UNIVERSITY GENERAL HEALTH SY (UGHS)

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university general health sy (UGHS) Details

University General Health System, Inc., an integrated multi-specialty health care provider, delivers physician- and patient-oriented services in the United States. The company operates through three segments: Hospital, Senior Living, and Support Services. The Hospital segment owns, manages, and operates two hospitals, which offers various medical and surgical services; inpatient, outpatient, and ancillary services comprising inpatient surgery, outpatient surgery, heart catheterization procedures, physical therapy, diagnostic imaging and respiratory therapy, sleep lab, speech therapy, bariatrics, orthopedics, lab, and wound care; and 24-7 emergency services and inpatient services that include critical care and cardiovascular services. The Senior Living segment operates senior living communities that offer housing and 24-hour assistance with activities of daily life to mid-acuity frail and elderly residents; and offers memory care services primarily for residents with Alzheimer’s disease and progressive dementia. The Support Services segment provides billing, coding, and other revenue cycling management services; and interrelated services, including food, hospitality, and facility services for businesses and healthcare facilities. The company operates 2 general acute care hospitals, including a 69-bed facility in Houston and a 111-bed facility in Dallas; ambulatory surgical centers; hyperbaric wound care centers; diagnostic imaging centers; physical therapy centers; a sports and rehabilitation center; sleep centers; and 6 senior living facilities. University General Health System, Inc. is headquartered in Houston, Texas.

university general health sy (UGHS) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.1M
President and Director
Total Annual Compensation: $573.7K
Chief Executive Officer of UGHS Physician Ser...
Total Annual Compensation: $439.4K
General Counsel, Secretary and Director
Total Annual Compensation: $530.8K
Compensation as of Fiscal Year 2013.

university general health sy (UGHS) Key Developments

University General Health System Announces Closing of University General Hospital - Dallas

announced the closing of its University General Hospital - Dallas (Dufek Massif Hospital Corporation). As previously reported, the company has invested almost $20 million in South Dallas during the past two years to revive this hospital as a profitable provider of acute care medical services within the community, to no avail. The company has been working with lenders, creditors and capital sources for months to secure an agreement that would avoid the closure of UGH - Dallas. None of these negotiations have been successful, and funding has not been readily available. In an effort to maintain the continued success of its Houston hospital, University General Health System, Inc. was reluctantly forced to close the Dallas facility on December 19, 2014. The company continues to work with lenders on an orderly closing process, including the payment of UGH-Dallas' payroll obligations.

University General Health System Appoints Advisor For Sale Of Dufek Massif Hospital

University General Health System, Inc. (OTCPK:UGHS) is planning to sell Dufek Massif Hospital Corporation and has appointed an advisor to manage the process. University General Health System said that it has engaged NexBank Capital Advisors (NCA) to act as the exclusive financial advisor and investment banker regarding the sale, assumption, merger or other financial transactions related to Dufek Massif Hospital. University General Health System said, "The Company has entertained a number of potential acquirers and/or joint venture partners and believes that by engaging NCA, it can streamline and expedite the process more effectively. NCA will evaluate potential acquirers and/or investors and structure and negotiate the transaction. The Company has also begun rationalizing its operations at UGH - Dallas in order to reduce operating costs during the sale process."

University General Health System, Inc. Promotes Kris Trent from Interim Chief Financial Officer to Chief Financial Officer

University General Health System, Inc. announced that Kris Trent, CPA, has been promoted from Interim Chief Financial Officer to Chief Financial Officer. Ms. Trent, who joined the Company in May 2013, originally served as Chief Accounting Officer. She was subsequently promoted to Interim Chief Financial Officer and now to Chief Financial Officer. Ms. Trent was previously a Partner with one of America's "Big Four" audit, tax and advisory services firms, where she was employed from January 1997 until May 2013. She served as the audit engagement partner on several publicly-traded multinational corporations and as the lead audit partner on several private companies with domestic and international operations. Her responsibilities not only included auditing and evaluating accounting implications throughout all phases of the audits, but also ensuring that the companies complied with SOX 404 requirements.

 

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