Universal Health Services (NYSE: UHS) has more than 40 behavioral health joint venture opportunities in the pipeline, on top of ten projects recently completed or in the works. CFO Steve Filton highlighted those opportunities Thursday morning during the company’s fourth-quarter and year-end 2019 earnings call. “It reflects a very active pipeline,” Filton told investors. “It […]
As 2020 kicks off, so does the beginning of Matt Peterson’s first full calendar year with Universal Health Services (NYSE: UHS). Peterson joined the hospital management behemoth last September, when he was named president of the company’s behavioral health division and executive vice president of UHS as a whole. With a background in finance, managed […]
Coming Soon HonorHealth, UHS break ground on new facility HonorHealth and Universal Health Services (NYSE:UHS) have begun construction on a new 120-bed behavioral health facility in Scottsdale, Arizona. HonorHealth is a non-profit, community healthcare system serving the greater Phoenix area, while King of Prussia, Pennsylvania-based UHS is one of the largest behavioral health providers in […]
Opened CleanSlate Centers opens new Wisconsin location CleanSlate Centers, a Nashville-based provider of outpatient alcohol and opioid addiction treatment services, has opened a new location in LaCrosse, Wisconsin, bringing its number of facilities in the state up to 13. Overall, CleanSlate operates facilities in 11 states, nine of which are east of the Mississippi River. […]
Despite being one of the largest behavioral health providers in the country, Universal Health Services (NYSE: UHS) isn’t immune to industry pain points such as workforce shortages and regulatory pressures. But even with those struggles, UHS continues to grow its behavioral health footprint and market hold. The King of Prussia, Pennsylvania-based company has done that […]
HonorHealth and Universal Health Services, Inc. (NYSE: UHS) have signed an agreement to open a new behavioral health hospital in the greater Phoenix area. Financial terms of the deal were not disclosed. HonorHealth is a nonprofit health system serving about 1.6 million people in and around Phoenix. It has five acute-care hospitals, multiple outpatient surgery […]
Universal Health Services (NYSE: UHS) posted mixed results in the third quarter of 2019, with a large pain point being the hospital management company’s addiction treatment chain, Foundations Recovery Network. Year-over-year, revenue was up 6% in Q3 while net income was down about 43% for UHS. Based in King of Prussia, Pennsylvania, UHS has hundreds […]
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