Multiple reports reveal Universal Health Services, Inc. (UHS) has faced a series of challenges, highlighted by the company's director selling off shares and a $535M judgement against one of its subsidiaries. It is anticipated this will lead to significant hit to UHS. The company also declared a $0.20 quarterly dividend for December 2024. The Goldman Sachs Group has downgraded UHS stock from Buy to Neutral due to concerns over future growth. Several lawsuits against UHS demonstrate the issues the company has faced regarding alleged abuse and failure to meet healthcare needs. The recent resignation of Director Alan B. Miller, following a shareholder rebuke, has further raised concerns. UHS has also lost $67M from a ransomware attack that led all its US sites being affected. With an ERISA class action settlement of $12.5M besides, new lawsuits have been initiated against the company. Despite these setbacks, the company has made significant strides in improving healthcare delivery, including a groundbreaking ceremony at the new Cedar Hill Regional Medical Center.
Universal Health Services Class B UHS News Analytics from Wed, 07 Dec 2016 08:00:00 GMT to Thu, 26 Dec 2024 09:00:33 GMT -
Rating -7
- Innovation -5
- Information 4
- Rumor -3
