Universal Health Services (UHS) announced a $0.20 quarterly dividend, despite facing certain challenges and a damaging judgement of $535M against a subsidiary. UHS intends to appeal this unexpected decision, as former hospital staff allege they were told to falsify patient records. Recent third quarter financial results were disclosed, however, details on UHS' stock forecast and price target for 2024 remain limited. In other news, Alan B. Miller, the company's founder, plans to step down as CEO in 2021 and continue as Executive Chairman of the Board, appointing President, Marc D. Miller as CEO. Despite daily losses, UHS has managed to outperform competitors and continues to demonstrate strong value as a stock. However, it’s facing issues related to a $12.5M ERISA class action settlement and a lot of criticism related to patient treatment, ransomware attacks, and whistleblower cases. Finally, UHS acquired a hospital development site in Palm Beach Gardens for $33M, showing its commitment to transforming the delivery of healthcare.
Universal Health Services Class B UHS News Analytics from Wed, 07 Dec 2016 08:00:00 GMT to Tue, 03 Dec 2024 22:18:00 GMT - Rating -5 - Innovation 2 - Information 7 - Rumor 4
