Universal Health Services (UHS), the hospital management company, has been involved in significant market developments. It dealt with a substantial $535M judgment against a subsidiary, but is planning to appeal this claim. In other activities, the Russell Investments Group Ltd and Swiss National Bank have adjusted their holdings in UHS. In financial news, UHS has seen impressive EPS and Guidance figures causing an increase in market value and declared a $0.20 cash dividend per share. Their incumbent CEO, Alan B. Miller, is stepping down and being replaced by Marc D. Miller. Controversially, however, insiders have sold off US$4.7m of stock. Other major news includes a groundbreaking partnership announced with Beaumont Health to enhance mental health services in Michigan and an apparent ransomware attack, which resulted in a significant business interruption and $67M in financial losses. Despite this, UHS reached a new 12-month high following strong earnings. Further news sees the company embarking on new projects such as a new hospital at St. Elizabeths East which is currently in design review stages, even as they settle a hefty ERISA complaint for $12.5 million.
Universal Health Services Class B UHS News Analytics from Wed, 07 Dec 2016 08:00:00 GMT to Sun, 11 Aug 2024 15:38:59 GMT -
Rating 2
- Innovation -5
- Information 8
- Rumor -2
