Universal Health Services Inc (NYSE: UHS) is a hospital and behavioral health care company that owns and operates acute care hospitals, inpatient and outpatient behavioral health facilities, and related outpatient services across the United States, the United Kingdom, and Puerto Rico. Revenue is generated by billing patients, government payers, and commercial health insurers for inpatient and outpatient clinical services. Acute care hospitals and outpatient facilities accounted for approximately 57% of consolidated net revenues in FY2025, with behavioral health care facilities contributing the remaining 43%. The U.K. behavioral health segment alone generated $1.001 billion in net revenues in FY2025, up from $880 million in FY2024. As of December 31, 2025, UHS operated 161 inpatient behavioral health facilities and 2 outpatient behavioral health facilities in the U.K., along with 110 outpatient behavioral health facilities and 3 inpatient behavioral health facilities in Puerto Rico. Services span general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, and diagnostic care.

Revenue model

Fee-for-service billing to patients, government payers (Medicare, Medicaid), and commercial health insurers for inpatient and outpatient hospital and behavioral health care services.

Products and services

Acute care hospital services (surgery, internal medicine, obstetrics, emergency care, radiology, oncology, diagnostic care); inpatient behavioral health care; outpatient behavioral health care; commercial health insurance operations.

Customers and end markets

Individual patients covered by commercial health insurers, Medicare, and Medicaid; acute care and behavioral health end markets in the U.S., U.K., and Puerto Rico.

Value-chain role

Direct provider of hospital and behavioral health care services; operates owned facilities rather than managing or franchising third-party providers.

Geographic exposure

United States (primary), United Kingdom ($1.001B net revenues in FY2025; $1.531B total assets as of December 31, 2025), Puerto Rico.

Source: SEC 10-K, filed 2026-02-25

Industry: Services-General Medical & Surgical Hospitals, NEC Peers: Acadia Healthcare Company Inc Cano Health, Inc. HCA Healthcare Inc Encompass Health Corp Ensign Group Inc National Healthcare Corp Tenet Healthcare Corp Select Medical Holdings Corp Surgery Partners Inc