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UHS Reports $11.3B in Revenues, Up 5.6% During 2019

Analysis  |  By Jack O'Brien  
   February 26, 2020

The King of Prussia, Pennsylvania-based hospital management company also reported a net income of $814.9 million.

Universal Health Services, Inc., (UHS) recorded net revenues of $11.3 billion during 2019, an increase of 5.6% year-over-year, according to its latest earnings report released Wednesday afternoon.

UHS saw its net income per diluted share rise from $8.31 at the end of 2018 to $9.13 at the end of 2019, with a pre-tax unrealized gain of $4.1 million. 

The King of Prussia, Pennsylvania-based hospital management company also reported a net income of $814.9 million.

For Q4, UHS reported net income of $245.2 million, up from $158.1 million during Q4 2018, with a net income per diluted share of $2.79, up from $1.70 in one year prior.

The company benefited from a $16.7 million pre-tax unrealized gain during the quarter along with an EBITDA net of net income attributable to noncontrolling interests of $485.1 million.

One development for the organization during Q4 was that a joint venture between UHS and Beaumont Health broke ground in mid-December on a $40 million mental health hospital in Dearborn, Michigan. 

Related: Beaumont Health, Universal Health Services JV Breaks Ground on $40M Mental Health Hospital

Capital expenditures fell during 2019 to $634 million, down from $664 million at the end of 2018.

ADDITIONAL UHS Q4 EARNINGS REPORT HIGHLIGHTS:

  • Looking ahead to 2020, UHS expects to record net revenues between $11.9 billion to $12.1 billion.
  • Throughout 2019, UHS repurchased 5.4 million shares for $706.2 million.
  • Adjusted admissions for outpatient activity increased 2.1% during Q4 2019. 

For complete financial information, review UHS' filing with the Securities and Exchange Commission.

Jack O'Brien is the Content Team Lead and Finance Editor at HealthLeaders, an HCPro brand.

Photo credit: Milan, Italy - November 1, 2017: Universal Health Services logo on the website homepage. - Image / Editorial credit: Casimiro PT / Shutterstock.com


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