The **Universal Health Services, Inc. (UHS)** has experienced a turbulent quarter with a diverse array of events shaping their financial trajectory. In Q3, UHS posted revenues of $3.96 billion, a net positive mark driven by their acute care growth. Furthermore, they declared a quarterly dividend of $0.20, set for December 2024. However, a sizable $535 million judgment against a UHS subsidiary has taken a toll on future forecasts. The company is planning an appeal. A significant number of shares were sold by a UHS director and the Principal Financial Group, signaling possible concerns among insiders. The investment bank Goldman Sachs asserted that UHS has a high consensus Return on Equity (ROE). A $117 million settlement was reached with Attorney General Josh Stein, while over 100 former patients lodged a lawsuit over alleged abuse. Notably, Alan B. Miller, the founder of UHS, stepped down as CEO in January 2021, but will continue in an executive role. Amid these developments, another tumultuous event was the ransomware attack that led to $67 million in losses for UHS.
Universal Health Services Class B UHS News Analytics from Wed, 07 Dec 2016 08:00:00 GMT to Sun, 12 Jan 2025 06:55:59 GMT -
Rating -3
- Innovation 4
- Information 7
- Rumor -7
