Universal Health Services (UHS) is experiencing a dynamic period, influenced by several transactions, legal disputes, and top leadership changes. The firm recently experienced significant stock transactions with Principal Financial Group selling 3702 of its shares, and one of their executives also liquidating over $130k in the stock. However, Swiss National Bank increased its position to $29.62 million. Interestingly, UHS has also received an upgrade from UBS Group from 'hold' to 'buy'.
On the legal front, UHS is appealing a $535m negligence decision while simultaneously finalizing a $122m settlement with the DOJ and a $117m settlement with Attorney General Josh Stein. A ransomware attack has also reportedly cost the company around $67 million in lost revenue and recovery expenses. Moreover, the announcement of the company’s founder, Alan B. Miller, stepping down as CEO in January 2021 could significantly impact the management vision. Maria Ruderman, UHS director, has resigned following a rare shareholder rebuke. The firm's first-year CEO, Marc Miller, received $14m in 2021 compensation.
The company is actively embarking on prospective projects, such as a collaborated initiative with Beaumont Health and the groundbreaking of a new mental health hospital as well as other health institutions. The healthcare behemoth has also announced projects that point to the long-term goal of meeting tomorrow's healthcare needs.
Universal Health Services Class B UHS News Analytics from Wed, 07 Dec 2016 08:00:00 GMT to Thu, 23 May 2024 10:05:09 GMT - Rating -1 - Innovation 1 - Information 5 - Rumor -2
