Summary of Universal Health Services (UHS) 2025 Conference Call Industry Overview - The discussion primarily revolves around the healthcare services industry, specifically focusing on Medicaid policy changes and their implications for Universal Health Services (UHS) [3][4][5]. Key Points and Arguments 1. **Medicaid Policy Changes**: - The potential negative impacts of the new house bill on Medicaid are perceived to be less severe than initially feared, particularly regarding work requirements aimed at younger, healthier males [3][4]. - The existing direct payment programs (DPP) are expected to face limitations in growth, but UHS anticipates minimal impact on current cash flows from these programs [4][5]. 2. **State-Level Support for DPP**: - States like Florida, Texas, and Mississippi are expected to lobby for the continuation of DPP programs, indicating a strong state-level support that may mitigate deeper cuts [5]. 3. **Tennessee and D.C. Programs**: - The Tennessee Medicaid program is likely to be grandfathered under the new bill, while the D.C. program remains uncertain regarding its approval timeline [6][7]. 4. **Volume and Revenue Growth**: - UHS targets a same-store growth rate of 5-7% for acute care, with expectations of achieving this through a balance of price and volume growth [12][25]. - Behavioral health volumes are expected to ramp up later in the year, with a target of 2.5-3% patient day growth [14][15]. 5. **Pricing Trends in Behavioral Health**: - Strong pricing trends in behavioral health are noted, attributed to limited capacity and labor shortages, allowing UHS to negotiate better rates with payers [17][18]. 6. **Referral Relationships**: - UHS maintains strong referral relationships, which are crucial for sustaining demand in behavioral health despite increased competition [20]. 7. **Bipartisan Support for Behavioral Health**: - There is continued bipartisan support for expanding access to behavioral health care, with a focus on outpatient care [21][22][23]. 8. **Capital Expenditure (CapEx)**: - UHS plans to allocate a significant portion of its $240 million CapEx for new hospital projects, including facilities in Florida and California [31][32]. 9. **Performance of New Facilities**: - The West Henderson hospital achieved EBITDA positivity in its first full quarter, indicating a strong ramp-up compared to typical new hospital performance [35][36]. 10. **Cost Management**: - Professional fees are expected to rise by about 5% due to inflation, with specific pressures noted from emergency room physicians and anesthesiologists [42][43]. Additional Important Content - The impact of tariffs on supply costs appears to be minimal in the short term, with UHS managing supply chain dynamics effectively [27][28]. - Staffing challenges at new facilities are acknowledged, but UHS has experience in managing these dynamics without significant disruption [39][40]. This summary encapsulates the key insights and discussions from the Universal Health Services conference call, highlighting the company's strategic outlook and operational performance within the healthcare services industry.

Universal Health Services (UHS) FY 2025 Annual General Meeting May 14, 2025 10:00 AM ET Speaker0 Hello and welcome to the Annual Meeting of Stockholders of Universal Health Services Inc. Please note that today's meeting is being recorded. After the formal meeting has adjourned, we'll have a question and answer session. Any stockholders logged into the virtual meeting web portal using their 15 digit control number can submit questions or comments at any time by clicking on the Q and A tab. Out of considerati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-10765 UNIVERSAL HEALTH SERVICES, INC. (Exact name of registrant as specified in its charter) DELAWARE 23-2077891 (State or other j ...

Group 1 - Universal Health Services (UHS) has been upgraded to a Zacks Rank 2 (Buy), indicating an upward trend in earnings estimates which significantly impacts stock prices [1][3] - The Zacks rating system is based on changes in earnings estimates, which are tracked through a consensus measure from sell-side analysts [1][6] - Rising earnings estimates suggest an improvement in the underlying business of Universal Health Services, which could lead to higher stock prices [5][10] Group 2 - For the fiscal year ending December 2025, Universal Health Services is expected to earn $18.99 per share, reflecting a 14.3% increase from the previous year [8] - Over the past three months, the Zacks Consensus Estimate for Universal Health Services has increased by 8.5% [8] - The Zacks Rank system maintains a balanced distribution of ratings, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [9][10]

Core Viewpoint - Universal Health Services (UHS) shares have increased by 2.4% recently, closing at $178.74, with a potential upside of 26.3% based on Wall Street analysts' mean price target of $225.81 [1] Price Targets - The average of 16 short-term price targets ranges from a low of $198 to a high of $280, with a standard deviation of $21.94, indicating variability among analysts [2] - The lowest estimate suggests a 10.8% increase from the current price, while the highest estimate indicates a 56.7% upside [2] Analyst Sentiment - Analysts show a consensus that UHS will report better earnings than previously estimated, which historically correlates with stock price increases [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 0.3%, with four estimates moving higher and one lower [12] Zacks Rank - UHS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside [13]

Financial Data and Key Metrics Changes - The company reported net income attributable to UHS per diluted share of $4.8 for Q1 2025, with adjusted net income per diluted share at $4.84 [4] - Adjusted admissions to acute care hospitals increased by 2.4% year-over-year [4] - Same facility net revenues in the Acute Care Hospital segment increased by 5% compared to Q1 2024 [5] - EBITDA increased by 21% after excluding Medicaid supplemental payments [5] - Cash generated from operating activities decreased to $360 million from $396 million in Q1 2024 due to delays in Medicaid payments [6] Business Line Data and Key Metrics Changes - Same facility net revenues at behavioral health hospitals increased by 5.5%, driven by a 5.8% increase in revenue per adjusted day [5] - Adjusted patient days were relatively flat compared to the prior year, impacted by the leap day in 2024 and adverse weather conditions [6] Market Data and Key Metrics Changes - The company experienced a reacceleration of patient day growth in March 2025 [6] - The Nevada supplemental program received $82 million in payments in April, related to Q1 revenues [6] Company Strategy and Development Direction - The company is focused on managing operating expenses effectively across both business segments [8] - The opening of new facilities, such as West Henderson Hospital, is expected to contribute positively to EBITDA [10] - The company reiterated its full-year earnings guidance despite uncertainties in the external operating environment [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in underlying business performance despite external uncertainties [11] - The company anticipates achieving a behavioral patient day revenue growth target of 2.5% to 3% for the year [15] - Management acknowledged ongoing challenges in labor markets but noted improvements in staffing levels [78] Other Important Information - The company spent $239 million on capital expenditures in Q1 2025 and repurchased $1 million of its own shares [7] - The company has $1.02 billion of available borrowing capacity under its revolving credit facility [7] Q&A Session Summary Question: Insights on behavioral health volumes and future guidance - Management confirmed that the full-year guidance of 2.5% to 3% patient day revenue growth remains reasonable despite a slow start in Q1 [15][20] Question: Updates on Medicaid supplemental payment programs - Management indicated that approvals for Tennessee and D.C. programs are expected, but timing remains uncertain [16][17] Question: Impact of tariffs on supply chain - Management noted that approximately 75% of supply chain purchases are insulated from tariffs, and they are monitoring vendor responses [26][28] Question: Trends in acute business and acuity - Management reported that acuity was muted in Q1 due to a busy flu season but expects normalization as the year progresses [62] Question: Expense management and premium labor costs - Premium pay costs were consistent at $63 million, and management is optimistic about sustaining operating expense controls [70][72] Question: Updates on commercial rate negotiations - Management stated that overall guidance for acute care revenue growth remains at 5% to 6%, with no significant impact from payer behavior noted [105][106]

Core Insights - Universal Health Services, Inc. (UHS) reported first-quarter 2025 adjusted earnings per share (EPS) of $4.84, exceeding the Zacks Consensus Estimate by 11% and reflecting a year-over-year increase of 30.8% [1] - Net revenues for the quarter reached nearly $4.1 billion, marking a 6.7% year-over-year growth, although it fell short of the consensus estimate by 1.1% [1] Financial Performance - Adjusted EBITDA net of NCI was $598.2 million, up 13.8% year over year, surpassing the estimate of $559.3 million [3] - Total operating costs increased by 5.5% year over year to $3.6 billion, driven by higher salaries, wages, benefits, and other operating expenses [3] - Cash and cash equivalents at the end of the first quarter stood at $126.8 million, slightly up from $126 million at the end of 2024 [6] - Total assets increased to $14.9 billion from $14.5 billion at the end of 2024 [6] - Long-term debt rose to $4.6 billion from $4.5 billion as of December 31, 2024 [7] - Cash flows from operations were $360 million, down 9.2% from the previous year [7] Segment Performance - Acute Care Hospital Services saw adjusted admissions rise by 2.4% on a same-facility basis, with net revenues increasing by 6.5% [4] - Behavioral Health Care Services experienced a 1.6% decline in adjusted admissions on a same-facility basis, but net revenues increased by 5.5% [5] Share Repurchase and Guidance - UHS repurchased shares worth $180.6 million in the first quarter, with a remaining repurchase capacity of approximately $643.7 million [8] - The company anticipates 2025 net revenues between $17.02 billion and $17.36 billion, indicating an 8.6% improvement from 2024 [10] - Adjusted EBITDA is projected to be in the range of $2.36 billion to $2.48 billion, suggesting a 7.8% growth from 2024 [10] - EPS is expected to be between $18.45 and $19.95, implying a 15.6% increase from 2024 [10]

Universal Health Services (UHS) Q1 2025 Earnings Call April 29, 2025 09:00 AM ET Company Participants Steve Filton - Executive VP, CFO & SecretaryMarc Miller - CEO, President & DirectorAndrew Mok - DirectorBen Hendrix - Vice PresidentBenjamin Rossi - Equity Research AssociateJoshua Raskin - Partner - Managed Care & ProvidersCraig Hettenbach - Executive DirectorA.J. Rice - Managing Director Conference Call Participants Justin Lake - Analyst - Healthcare ServicesSarah James - Managing Director & Equity Analys ...

FOR IMMEDIATE RELEASE April 28, 2025 CONTACT: Steve Filton Chief Financial Officer 610-768-3300 UNIVERSAL HEALTH SERVICES, INC. ANNOUNCES 2025 FIRST QUARTER FINANCIAL RESULTS Consolidated Results of Operations, As Reported and As Adjusted – Three-month periods ended March 31, 2025 and 2024: KING OF PRUSSIA, PA – Universal Health Services, Inc. (NYSE: UHS) announced today that its reported net income attributable to UHS was $316.7 million, or $4.80 per diluted share, during the first quarter of 2025, as comp ...

Core Insights - Universal Health Services (UHS) reported revenue of $4.1 billion for the quarter ended March 2025, reflecting a year-over-year increase of 6.7% [1] - Earnings per share (EPS) for the quarter was $4.84, up from $3.70 in the same quarter last year, resulting in an EPS surprise of +11.01% against the consensus estimate of $4.36 [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $4.14 billion, showing a surprise of -1.06% [1] Financial Performance Metrics - Behavioral health admissions totaled 117,788, which was below the two-analyst average estimate of 122,821 [4] - Net revenues from behavioral health services were reported at $1.75 billion, compared to the average estimate of $1.79 billion, marking a year-over-year increase of +5.5% [4] - Net revenues from acute care hospital services matched the average estimate of $2.35 billion, representing a +7.5% change from the previous year [4] - Operating income for behavioral health care services was $337.68 million, slightly below the three-analyst average estimate of $346.29 million [4] - Operating income for acute care hospital services was reported at $254.79 million, exceeding the average estimate of $206.21 million [4] Stock Performance - Shares of Universal Health Services have returned -7.8% over the past month, compared to a -4.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]