Universal Health Services, Inc., through its subsidiaries, engages in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers, and radiation oncology centers. As of February 28, 2013, the company owned and/or operated 23 acute care hospitals and 197 behavioral health centers located in 37 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. As part of its ambulatory treatment centers division, the company manages and/or owns outright or in partnerships with physicians, 5 surgical hospitals and surgery and radiation oncology centers located in 4 states. Services provided by the company’s hospitals include general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services and/or behavioral health services. The company provides capital resources, as well as various management services to its facilities, including central purchasing, information services, finance and control systems, facilities planning, physician recruitment services, administrative personnel management, marketing, and public relations. The company receives payments for services rendered from private insurers, including managed care plans, the federal government under the Medicare program, state governments under their respective Medicaid programs and directly from patients. Business Strategy The company’s business strategy is to selectively seek opportunities to expand its base of operations by acquiring, constructing or leasing additional hospital facilities; increase the operating revenues and profitability of owned hospitals by the introduction of new services, improvement of existing services, physician recruitment, and the application of financial and operational controls; and emphasize innovation in its response to the rapid changes in regulatory trends and market conditions while fulfilling its commitment to patients, physicians, employees, communities, and its stockholders. Acquisitions In 2012, the company acquired Ascend Health Corporation, a private behavioral health provider with nine owned or leased freestanding inpatient facilities located in five states. In 2012, the company also acquired physician practices and various real property. Divestitures In 2012, the company sold Auburn Regional Medical Center, a 159-bed acute care hospital located in Auburn, Washington; the Hospital San Juan Capestrano, a 108-bed acute care hospital located in Rio Piedras, Puerto Rico; and the real property of 2 non-operating behavioral health facilities and its majority ownership interest in an outpatient surgery center located in Puerto Rico. Regulation All of the company’s hospitals are subject to the Emergency Medical Treatment and Active Labor Act. History Universal Health Services, Inc. was founded in 1978.
universal health services-b
(UHS:Berlin Stock Exchange)
Universal Corporate Center
367 South Gulph Road
PO Box 61558
King Of Prussia, PA 19406-0958
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