type public traded as nyse uhs s & p 500 component founded 1979 headquarters king of prussia pennsylvania united states website www.uhsinc.com universal health services inc. nyse uhs is a fortune 500 company 1 based in king of prussia pennsylvania . contents 1 company description 2 company history 3 facilities 3.1 acute care hospitals 3.2 outpatient behavioral health care facilities 3.3 surgical hospitals ambulatory surgery centers and radiation oncology centers 4 issues with government agencies 4.1 hospital licenses 4.2 allegations of noncompliance with same sex visitation law 4.3 fraudulent medicaid claims 5 references company description edit universal health services inc. uhs is one of the largest hospital management companies in the united states . as of february 25 2016 uhs operates through its subsidiaries 24 inpatient acute care hospitals 3 free standing emergency departments and 213 inpatient and 16 outpatient behavioral health care facilities located in 37 states washington d.c. the united kingdom puerto rico and the u.s. virgin islands . the uhs facilities located in the u.s. had approximately 72 600 employees as of december 31 2015 of whom approximately 52 400 were employed full time . in addition the facilities located in the u.k. had approximately 2 000 employees as of december 31 2015 . 2 the company aims to provide quality healthcare at affordable cost strengthen physician and community relationships and pursue conservative growth . company history edit this section contains embedded lists that may be better presented using prose . you can help by converting the list or lists to prose if appropriate . editing help is available . april 2015 learn how and when to remove this template message alan b. miller who currently serves as the company s chairman and chief executive officer founded universal health services inc. in 1978 after he engineered a financial turnaround of american medicorp only to lose the control of the company in a hostile takeover by humana . the next day miller founded uhs with 3.2 million from venture capitalists and 750 000 put up by himself and several former american medicorp employees who decided to follow miller into his new venture . within 18 months of its founding uhs would own four hospitals and have management contracts with two additional hospitals . 3 1979 uhs entered las vegas with the purchase of spring valley hospital which has been part of uhs longer than any other hospital in the system . the acquisition gave uhs its entry into the growing southeast nevada marketplace . 4 1979 the company s annual gross revenue was 30.9 million . 1980 the company chose its first board of directors . members included alan b. miller sidney miller george h. strong edwin c. cohen leonard shaykin and thomas l. kempner . 1981 uhs held its initial public offering . 5 analysts offered positive recommendations for the ipo because of significant and successful experience that company managers had with uhs and with american medicorp . annual gross revenue at the time was 119.4 million . 1982 uhs purchased five hospitals from the stewards foundation marking the first time a for profit corporation purchased hospitals from a nonprofit religious organization . 4 1983 07 uhs stock split for the first time . 6 1983 uhs purchased qualicare inc. for more than 116 million . the purchase included 11 acute care hospitals and four behavioral health hospitals giving the company its entry into the psychiatric healthcare market . 4 1983 universal health services inc. was ranked first for growth in the healthcare industry over five years by financial world magazine . 1984 company revenues continued to increase as medicare introduced fixed payments for diagnostic related groups drgs a move experts said would benefit well managed companies such as uhs . 1985 annual gross revenue exceeded 500 million for the first time . 1986 wellington regional medical center in wellington florida begins its operation . 7 1986 uhs created universal health realty income trust 4 the first reit in the healthcare industry . 1991 uhs stock trading moved from nasdaq to nyse . 4 annual gross revenues exceeded 1 billion . 1994 inland valley medical center was chosen as one of the top 100 hospitals in the country by modern healthcare magazine . 4 1996 05 uhs stock split two for one . 6 outstanding shares increased from 14.4 million to 28.8 million . annual gross revenue 2.3 billion . 1997 uhs acquires an 80 % stake in george washington university hospital . 8 the company introduced its service excellence program to focus on making patients the first priority . 1998 uhs was named to the wall street journal s shareholder honor roll . 1999 debra k. osteen appointed vice president of uhs and president of the behavioral health division . 9 2001 06 uhs stock split two for one . 6 the wall street journal named uhs as the best performing healthcare stock over 10 years . 2002 uhs was listed among america s best big companies in the forbes platinum 400 . 2002 the replacement building for the george washington university hospital opened . 10 2003 steve filton was named chief operating officer . 11 2003 the wall street journal s shareholder scorecard listed uhs as the best performing stock among healthcare providers from 1992 to 2002 . charles boyle named controller cheryl ramagano appointed treasurer and j.p. christen promoted to assistant vice president of hospital finance . 2003 uhs makes the fortune 500 for the first time with a rank of 468 . 12 2004 uhs was number 10 among the top 100 places to work in it by computerworld magazine . 2007 uhs formed uhs development company inc. to build better quality hospitals at lower costs for the industry . richard c. wright was named president of the new venture . 2008 annual revenue reached 5 billion . 13 2009 12 uhs stock split two for one . 6 2010 11 16 uhs reached an agreement in may to acquire psychiatric solutions inc. one of the nation s largest behavioral health operators with 94 locations over 11 000 beds and a 19 percent market share for 3 1 billion . as a result of the acquisition completed in november uhs more than doubled its beds count in the behavioral health segment and became the country s top inpatient psychiatric services provider . 14 15 2012 06 04 uhs announced its plans to acquire ascend health corporation for 517 million 16 adding 9 freestanding inpatient psychiatric facilities with 867 licensed beds in texas arizona utah oregon and washington state to its portfolio . 17 2013 10 14 the 140 bed five story temecula valley hospital in temecula california begins its operation offering a comprehensive range of services similar to hospitals in large metropolitan areas with 300 affiliated physicians over 600 employees and 170 volunteers . 18 2013 10 30 a total of 48 facilities owned and operated by subsidiaries of uhs are recognized by the joint commission as a top performer on key quality measures for 2012 . there are 43 behavioral health and five acute care hospitals listed including 16 facilities honored for the second consecutive year . 19 2014 uhs listed among fortune 500 with a rank of 324 20 and world s most admired companies 2014 a total of 46 facilities owned and operated by subsidiaries of universal health services inc. are recognized by the joint commission as a top performer on key quality measures for 2013 . 2014 02 28 uhs buys palo verde mental health with 48 beds for an undisclosed amount renaming the facility to palo verde behavioral health . 21 2014 04 24 uhs announced the acquisition of the psychiatric institute of washington a 124 bed behavioral health care facility and outpatient treatment center located in the district of columbia . as part of this transaction the company also acquired the arbor group l.l.c. which operates three management contracts covering 66 beds in the washington d.c. and maryland market . 22 2014 09 26 uhs acquires cygnet health care limited for approximately 335 million adding 17 facilities throughout the united kingdom including 15 inpatient behavioral health hospitals and 2 nursing homes with a total of 743 beds 23 just a few days after the company s stock joined the s & p500 index . 24 2015 uhs listed among fortune 500 world s most admired companies 25 and america s largest corporations 30 most meaningful companies to work for in america 26 by business insider and a recipient of leadership 500 excellence awards 2015 . 27 2015 08 20 uhs expands its presence in the u.k with the acquisition of alpha hospitals holdings limited a provider of low and medium secure mental health care facilities and services for 148 million from private equity group c & c alpha group adding four hospitals and 350 beds to its portfolio . 28 2015 09 18 uhs announces the acquisition of foundations recovery network based in brentwood tennessee for 350 million 29 adding 322 residential beds in four inpatient facilities and eight outpatient centers to its substance use disorder service line . 30 2015 11 17 a total of 46 facilities owned and operated by subsidiaries of uhs are recognized by the joint commission as a top performer on key quality measures for 2014 . 31 2016 08 17 uhs buys desert view hospital in pahrump nevada with 25 beds for an undisclosed amount . 32 facilities edit according to their annual report for fiscal year 2015 33 uhs is running the following facilities acute care hospitals edit aiken regional medical center aiken south carolina ; 183 beds owned aurora pavilion aiken south carolina ; 62 beds owned centennial hills hospital medical center las vegas nevada ; 190 beds owned corona regional medical center corona california ; 238 beds owned desert springs hospital las vegas nevada ; 293 beds owned doctors hospital of laredo laredo texas ; 183 beds owned doctors hospital er south laredo texas ; leased fort duncan regional medical center eagle pass texas ; 101 beds owned george washington university hospital washington d.c. ; 385 beds owned henderson hospital henderson nevada ; 142 beds owned lakewood ranch medical center bradenton florida ; 120 beds owned manatee memorial hospital bradenton florida ; 319 beds owned northern nevada medical center sparks nevada ; 108 beds owned northwest texas healthcare system amarillo texas ; 405 beds owned the pavilion at northwest texas healthcare system amarillo texas ; 90 beds owned palmdale regional medical center palmdale california ; 157 beds owned south texas health system edinburg regional medical center children s hospital edinburg texas ; 213 beds owned mcallen medical center mcallen texas ; 441 beds leased mcallen heart hospital mcallen texas ; 60 beds owned south texas behavioral health center mcallen texas ; 134 beds owned sths er at mission mission texas ; leased sths er at weslaco weslaco texas ; leased southwest healthcare system inland valley medical center wildomar california ; 132 beds leased rancho springs medical center murrieta california ; 120 beds owned spring valley hospital medical center las vegas nevada ; 237 beds owned st. mary s regional medical center enid oklahoma ; 229 beds owned summerlin hospital medical center las vegas nevada ; 454 beds owned temecula valley hospital temecula california ; 140 beds owned texoma medical center denison texas ; 266 beds owned tmc behavioral health center denison texas ; 60 beds owned valley hospital medical center las vegas nevada ; 301 beds owned wellington regional medical center west palm beach florida ; 233 beds leased outpatient behavioral health care facilities edit arbour counseling services rockland massachusetts ; owned arbour senior care rockland massachusetts ; owned behavioral educational services riverdale florida ; leased the canyon at santa monica santa monica california ; leased community cornerstones rio piedras puerto rico ; leased first home care portsmouth virginia ; leased foundations atlanta atlanta georgia ; leased foundations memphis memphis tennessee ; leased foundations nashville nashville tennessee ;