Universal Health Services (UHS) has reported diverse news from various aspects of its operations. Highlighting growth, the company declared a
$0.20 quarterly dividend for December 2024.
Sumitomo Mitsui Trust Group amplified their stake in UHS by acquiring an additional 15,827 shares. Profit outlook for UHS has also been positive, with the company experiencing a surge after reporting high Q3 earnings per share and beating guidance estimates. Yet, the company faces challenges with a
$535 million judgment against a subsidiary that they plan to appeal. UHS is also amidst
ERISA litigation with a $12.5 million class action settlement reported. Additionally, UHS's founder,
Alan B. Miller, plans to step down as CEO and continue as Executive Chairman, with Marc D. Miller taking over as CEO. Attesting to potential innovation, Hippocratic AI, backed by the UHS along with other health systems, raised $53 million. Other funding news involves UHS finalizing a
$122 million settlement with the Department of Justice and buying a new hospital development site for $33 million.
Cybersecurity surfaced as a concern, with the company hit by a ransomware attack resulting in $67 million in losses. The company's stock is regarded as a strong value, presenting buying momentum.
Universal Health Services Class B UHS News Analytics from Wed, 07 Dec 2016 08:00:00 GMT to Sat, 23 Nov 2024 06:48:53 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor 1
