Universal Health Services (UHS) has been in the limelight due to various reasons including stock performance, management change, and litigations. Notably, inquiries on its value for investment continue to rise. Some directors of the company sold stocks amounting to good figures, while a considerable judgment against a subsidiary is anticipated to weigh on UHS's financials. Significant plans to appeal a hefty negligence decision made against their behavioral health subsidiary have been noted.
Stunningly, more than 100 former patients have filed a lawsuit against UHS for alleged abuse, which poses a reputational risk to the firm. A key development is the stepping down of Founder Alan B. Miller as CEO and the appointment of Marc D. Miller as the new CEO. The Q4 Earnings report exceeded expectations, but UHS reported $67 million in losses due to a ransomware attack disrupting their IT Systems. Meanwhile, their ERISA complaint was resolved via a $12.5 million settlement. Despite facing hard times, UHS has broken new ground on the Cedar Hill Regional Medical Center, displaying forward momentum.
Universal Health Services Class B UHS News Analytics from Wed, 07 Dec 2016 08:00:00 GMT to Tue, 25 Mar 2025 12:50:03 GMT - Rating 0 - Innovation -2 - Information 5 - Rumor -3
