Universal Health Services (UHS) is one of the nation's largest and most respected health care management companies, operating behavioral health facilities and acute care hospitals, and ambulatory surgery and radiation centers nationwide. UHS was founded in 1978 by Alan B. Miller, president and chairman, and today has over 30,000 employees. UHS maintains one of the strongest balance sheets in the industry. This strong capital position has enabled the company to acquire several new facilities over the past few years.
At a time when many health care operators are struggling to meet the challenges of a changing market, UHS has recently posted consecutive years of increased earnings from continuing operations, with 2003 net income of $199.3 million on net revenues of $3.6 billion. UHS owes this success to a responsive management style, and to a service philosophy that is based on integrity, competence and compassion. The UHS strategy is to build or purchase health care properties in rapidly growing markets and then create a strong franchise based on exceptional service and effective cost control.
The health care industry remains a place of rapid change and uncertainty. But with the strength, experience, and foresight to chart its own course, UHS has every reason to face the future with optimism.