Universal Health Services (UHS) has been in the news for various reasons recently, including changes in executive positions, financial updates, and legal issues. UHS director, Alan B. Miller, is set to step down as CEO in January 2021 and will continue as Executive Chairman of the Board, with Marc D. Miller being appointed as the new CEO. Financially, the company has been under pressure, with losses of $67 million reported after a widespread ransomware attack crippled its IT systems across the United States. The attack itself cost an additional $67M in lost revenue and recovery efforts. UHS is also appealing an 'unexpected' $535M negligence decision against its behavioral health subsidiary. The healthcare provider faced several legal battles including a class action ERISA settlement amounting to $12.5M and a lawsuit filed by more than 100 former patients alleging abuse. Amidst these struggles, some analysts still see UHS as a strong value stock and a cheap healthcare stock to buy heading into 2025, suggesting significant upside potential.
Universal Health Services Class B UHS News Analytics from Wed, 07 Dec 2016 08:00:00 GMT to Tue, 11 Mar 2025 07:00:00 GMT -
Rating -3
- Innovation -7
- Information 5
- Rumor -2
