Universal Health Services Inc (NYSE: UHS)

Universal Health Services Inc is a healthcare company that owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities through its subsidiaries. As of February 25, 2026, the company operated 375 inpatient facilities and 168 outpatient and other facilities across 40 states, Washington D. C., the United Kingdom, and Puerto Rico. The company’s core activities include providing general and specialty surgery, internal medicine, obstetrics, emergency care, radiology, oncology, diagnostic services, coronary care, pediatrics, pharmacy, and behavioral health services.

Universal Health Services Inc generates revenue primarily from patient services rendered at its hospitals and outpatient facilities, including payments from private insurers, managed care plans, Medicare, Medicaid, and self-pay patients. The company also derives revenue from its commercial health insurer operations and management services provided to its facilities. Net revenues from acute care hospitals, outpatient facilities, and the commercial health insurer accounted for approximately 57% of consolidated net revenues in both 2025 and 2024, while behavioral health care facilities and the commercial health insurer contributed approximately 43% during the same periods. Behavioral health care facilities in the United Kingdom generated net revenues of about $1.001 billion in 2025 and $880 million in 2024.

Universal Health Services Inc operates through two main business segments: acute care hospitals and behavioral health care facilities.

• Acute care hospitals: This segment includes inpatient acute care hospitals, free-standing emergency departments, outpatient centers, and a surgical hospital. As of the reporting date, the segment comprised 29 inpatient acute care hospitals, 35 free-standing emergency departments, 13 outpatient centers, and one surgical hospital located in the United States. Services provided encompass general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and behavioral health services.

• Behavioral health care facilities: This segment provides inpatient and outpatient behavioral health services across the United States, the United Kingdom, and Puerto Rico. In the U. S., it includes 182 inpatient and 110 outpatient facilities; in the U. K., 161 inpatient and 2 outpatient facilities; and in Puerto Rico, 3 inpatient and 7 outpatient facilities. The segment delivers psychiatric care, substance use treatment, counseling, and related therapeutic services to patients with mental health and emotional disorders.

Universal Health Services Inc holds a significant position in the U. S. healthcare industry as one of the largest owners and operators of hospital facilities, particularly in the behavioral health sector where it maintains a leading market share. The company competes with other for-profit hospital operators, nonprofit health systems, and government-owned facilities, differentiating itself through its integrated model of acute and behavioral health services, centralized management support, and focus on community-based care. Its scale, geographic diversification, and compliance infrastructure provide competitive advantages in navigating regulatory environments and securing managed care contracts.

Universal Health Services Inc serves a broad customer base including patients seeking acute medical treatment, individuals requiring behavioral health services, and beneficiaries of government healthcare programs such as Medicare and Medicaid. The company also works with private insurance providers, managed care organizations, and employers who purchase health benefits for their employees. Its facilities are utilized by individuals across diverse demographic and socioeconomic groups in the communities where they operate.