Other hedge funds and other institutional investors also recently bought and sold shares of the company. UHS may not be a household name, but has U.S. hospitals from Washington, D.C., to Fremont, California, and Orlando, Florida, to Anchorage, Alaska. The fund owned 16,396 shares of the health services provider’s stock after acquiring an additional 16,364 shares during the quarter. Mizuho increased their price objective on shares of Universal Health Services from $130.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, December 18th. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 3.98 and a beta of 1.19. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Health Services, Inc. (NYSE:UHS). The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.78 billion. In July 2020, Modern Healthcare reported that 19 individual complaints were made public after being kept under seal throughout Federal Department of Justice fraud case that alleged Universal Health Services’ psychiatric hospitals had a range of techniques to “Maximize payment by admitting as many patients as possible and keeping them as long as possible.” … Universal Health Services (UHS) is an American Fortune 500 company based in King of Prussia, Pennsylvania. Powered and implemented by FactSet. The company currently has a consensus rating of “Hold” and an average price target of $139.69. When a person has universal health care from birth, it can also lead to a longer and healthier life, and reduce societal … That means everyone gets the same level of care, which ultimately leads to a healthier workforce and longer life expectancy. Credit Suisse Group increased their price objective on shares of Universal Health Services from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, November 2nd. First Trust Advisors LP now owns 372,221 shares of the health services provider’s stock worth $39,835,000 after buying an additional 147,892 shares during the last quarter. The company currently operates over 400 healthcare facilities in the US and the UK, has more than 90,000 employees. That meant medical staff could not easily see lab results, imaging scans, medication lists, and other critical pieces of information doctors rely on to make decisions. ICE Limitations. Universal Health Services had a net margin of 7.74% and a return on equity of 15.61%. Universal Health Services, a major hospital chain operating in the U.S. and Britain, says its computer networks were knocked offline by a 'security … Camber Capital Management LP now owns 1,150,000 shares of the health services provider’s stock worth $123,073,000 after buying an additional 150,000 shares during the last quarter. The two units are separated by a distance of fewer than 200 meters. The hospital is divided into two units – one is 110-bedded Metro Heart Institute and another unit is 207-bedded, Metro Multispeciality Hospital. Universal Health Services, which operates more than 250 hospitals and other clinical facilities in the U.S., blamed the outage on an unspecified IT "security issue" in a statement posted to its website Monday but provided no details about the incident, such as how many facilities were affected and whether patients had to be diverted to other hospitals. UHS may not be a household name, but has U.S. hospitals from Washington, D.C., to Fremont, California, and Orlando, Florida, to Anchorage, Alaska. Universal Health Services’ business is divided into two segments: acute care with 47 facilities (including 26 hospitals) and behavioral care … A clinician involved in direct patient care at a Washington UHC facility described a high-anxiety scramble to handle the loss of computers and some phones. Phone problems complicated the situation, making it harder to communicate with nurses. "We are most concerned with ransomware attacks which have the potential to disrupt patient care operations and risk patient safety," said Riggi, the cybersecurity adviser to hospitals. A ransomware attack has shut down Universal Health Services, a Fortune-500 owner of a nationwide network of hospitals. Jawaharlal Nehru.The hospital provides a range of services that make the Hospital a force to reckon with in the field of Super Specialty Tertiary Healthcare. Ranks on Fortune 500 for 17th Year May 2020 — Universal Health Services, Inc., one of the largest providers of acute and behavioral healthcare in America, is pleased to announce it has again ranked on the Fortune 500 list. 97143913617. www.uhs-jo.com. With dozens of health care facilities in nearly every state, Universal Health Services (UHS) isn't quite ubiquitous, but it's working on it. Officials said they also sliced capital expenditures. Universal Health Services, Inc. has a 52 week low of $65.20 and a 52 week high of $148.27. … We are a national company that primarily deals with medical equipment rentals and repairs. Ransomware attacks were on the rise last year, especially those seeking to hijack critical public services. John Riggi, senior cybersecurity adviser to the American Hospital Association, called it a "suspected ransomware attack," affirming reporting on the social media site Reddit by people identifying themselves as UHS employees. During the same quarter last year, the company earned $1.99 EPS. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. A computer outage at a major hospital chain thrust health care facilities across the U.S. into chaos Monday, with treatment impeded as doctors and nurses already burdened by the coronavirus pandemic were forced to rely on paper backup systems. Finally, Bank of America cut shares of Universal Health Services from a “neutral” rating to an “underperform” rating and set a $144.00 price objective on the stock. The Fortune 500 company, with 90,000 employees, said "patient care continues to be delivered safely and effectively" and no patient or employee data appeared to have been "accessed, copied or misused." Universal Health Services, Inc. UHS workers reached by The Associated Press at company facilities in Texas and Washington, D.C. described mad scrambles after the outage began overnight on Sunday to render care, including longer emergency room waits and anxiety over determining which patients might be infected with the virus that causes COVID-19. Last week, a major supplier of software services to state, county and local governments, Tyler Technologies, was hit. As of February 25, 2016, UHS operates through its subsidiaries 24 inpatient acute care hospitals, 3 free-standing emergency departments and 213 inpatient and 16 outpatient behavioral health care … Universal Health Services’s quarterly revenue was up 3.2% on a year-over-year basis. Want to see what other hedge funds are holding UHS? Healthcare giant Universal Health Services experienced an information technology security breach on September 27 that shut down its IT systems. The company provided no precise timetable but said that, as far as its … Universal Health Services has the property under contract, said Kevin DiLallo, group VP of UHS (NYSE: UHS) and CEO of Manatee Healthcare … Universal Health Services finance chief Steve Filton on cost containment and challenges hospital CFOs face. It estimates the overall cost of ransomware attacks in the U.S. to $9 billion a year in terms of recovery and lost productivity. Both the Texas and Washington D.C. workers asked not to be identified by name because they were not authorized to speak publicly. One of the nation's largest for-profit hospital operators, UHS owns or leases about 25 acute care hospitals with a total of more than 6,000 beds, primarily in rural and suburban communities. The Fortune 500 company, with 90,000 employees, said patient care continues to be delivered … Copyright © 2021 CBS Interactive Inc. All rights reserved. About Universal Health Services Inc Universal Health Services, Inc. operates as a healthcare management company. News provided by The Associated Press. The Company owns or manages more than 800,000 units of medical equipment for approximately 7,000 national, regional and local acute care hospitals and alternate site providers across the U.S. Exhibited At: Arab Health - 2020. Research analysts expect that Universal Health Services, Inc. will post 10.39 earnings per share for the current fiscal year. Boston Partners lifted its position in shares of Universal Health Services by 17.6% in the 3rd quarter. Boston Partners now owns 1,351,368 shares of the health services provider’s stock worth $144,624,000 after buying an additional 202,325 shares during the last quarter. UHS has 400 hospitals and healthcare facilities in the U.S. and the U.K., and serves millions of patients each year. Acadian Asset Management LLC now owns 1,800,974 shares of the health services provider’s stock worth $192,742,000 after buying an additional 318,995 shares during the last quarter. Increasingly, ransomware purveyors download data from networks before encrypting targeted servers, using it for extortion. "These things could be life or death," said the clinician. © 2020 The Associated Press. Camber Capital Management LP lifted its position in shares of Universal Health Services by 15.0% in the 3rd quarter. Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. Universal Health Services stock opened at $130.40 on Wednesday. Wedge Capital Management L L P NC lifted its position in shares of Universal Health Services by 24.4% in the 3rd quarter. Universal Health Services, Inc. One of the nation's largest and most respected providers of hospitals and healthcare services, Universal Health Services, Inc. (NYSE: UHS) has built an impressive record of achievement and performance. However, anxiety reigned during the entire shift. We deal directly with hospitals and facilities and not to the public or for home use. Universal Health Services, one of the nation's largest health care providers, has seen its hospitals and facilities crippled with a massive cyberattack. Universal Health Services, which operates six hospitals in the Las Vegas Valley, said Tuesday that its computer networks remained shut down after what it confirmed was a cyberattack on Sunday. A number of research analysts have recently issued reports on the stock. Acadian Asset Management LLC lifted its position in shares of Universal Health Services by 21.5% in the 3rd quarter. Some of its facilities provide care for people coping with psychiatric conditions and substance abuse problems. The Universal Health Services, located in Las Vegas, NV, is a health care institution that offers medical and surgical treatment. Some states want to buy their own vaccines. Handing off a patient to another department, always a delicate task because of the potential for miscommunication, became especially nerve-wracking. Biden administration says no. Universal Health Services operates over 250 hospitals and other medical facilities throughout the nation. Legal Statement. Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. BLK Super Specialty Hospital is one of the largest tertiary care private hospitals founded by Dr. B. L. Kapur on 2 January 1959 and inaugurated by then Prime Minister of India, Pt. Wedge Capital Management L L P NC now owns 967,422 shares of the health services provider’s stock worth $103,534,000 after buying an additional 189,668 shares during the last quarter. The Hospital provides emergency care for injuries, sudden illnesses, and severe illnesses in Las Vegas. Dept. This material may not be published, broadcast, rewritten, or redistributed. "Doctors aren't able to access any type of X-rays, CT scans.". Criminals have been increasingly targeting health care institutions with ransomware during the pandemic, infecting networks with malicious code that scrambles data. Universal Health Services, Inc. operates as a healthcare management company. Exchange Traded Concepts LLC’s holdings in Universal Health Services were worth $2,254,000 at the end of the most recent quarter. Attacks have crippled everything from major cities to school districts, and federal officials are concerned they could be used to disrupt the current presidential election. Universal Health Services suspended dividends and stock buybacks as it reels from the financial fallout of the COVID-19 pandemic. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room … To unlock it, they demand payment. Universal Health Services, Inc. A different UHS health care worker, at an acute care facility in Texas, described an even more chaotic scene. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Universal Health Services from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, January 5th. They noted that the move was a valuation call. Its hospital offer 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. UHS … Telemetry monitors that show critical care patients' heart rates, blood pressure and oxygen levels went dark and had to be restored with ethernet cabling. Zacks Investment Research downgraded shares of Universal Health Services from a “strong-buy” rating to a “hold” rating and set a $113.00 price target on the stock. The only way to effectively recover, for those unwilling to pay ransoms, is through diligent daily system data backups. Universal health care also equalizes service, with no doctors or hospitals being able to target and cater to wealthier clients. Exchange Traded Concepts LLC raised its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 51,137.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The company’s 50-day moving average price is $135.83 and its two-hundred day moving average price is $118.07. BleepingComputer, an online cybersecurity news site, spoke to UHS employees who described ransomware with the characteristics of Ryuk, which has been widely linked to Russian cybercriminals and used against large enterprises. Dubai. Universal Hospital Services, Inc. is a leading nationwide provider of healthcare technology management and service solutions to the healthcare industry. Universal Health Services, Inc. is a holding company and operates through its subsidiaries including its management company, UHS of Delaware, Inc. All healthcare and management operations are conducted by subsidiaries of Universal Health Services, Inc. To the extent any reference to "UHS" or "UHS facilities" on this website including any statements, articles or other … Biden lays out COVID-19 strategy on first full day in office, Watch Live: Biden to streamline stimulus checks, expand food stamps, National Guard allowed to rest in Capitol after being relocated to garage, Maryland lawmaker said to have tried to bring gun onto House floor, Doctor accused of stealing COVID vaccine to give to family, friends, How one nursing home stayed coronavirus-free and saved lives, Russia detains Navalny allies in bid to stem looming anti-Putin demos, Kamala Harris to move temporarily to Blair House, PayPal boots real estate agent who flew private jet to Capitol riots, Democrats weigh options to pass Biden's massive COVID relief bill, Biden unveils COVID strategy with slate of executive orders. In the U.S. alone, 764 health care providers were victimized last year by ransomware, according to data compiled by the cybersecurity firm Emsisoft. in a report on Tuesday, January 5th. The business at this number and address is Universal Hospital Services and has no affiliation with Universal Health Services. Universal Health Services Inc, which operates more than 250 hospitals and other clinical facilities in the US, said in a short statement posted to its website on Monday that its network was offline and doctors and nurses were resorting to back-up processes including paper records.. Finally, First Trust Advisors LP lifted its position in shares of Universal Health Services by 65.9% in the 3rd quarter. UHS (Universal Health Services) Industry average: Hospitals & Healthcare Employees mostly perceive the following cultural factors at this employer: Work together and Help colleagues . 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