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UHS Timeline

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2014

35th Anniversary _Logo _400
UHS Celebrates its 35th Anniversary.

ABM_120UHS named to the FORTUNE 500 annual ranking of America's largest corporations for 2014.

Alan B. Miller named one of the 100 Most Influential People in Healthcare by Modern Healthcare magazine for the 12th consecutive year.

2013

Fortune -500-logo -2013_200Dosteen _115Debbie Osteen is named one of the "Top 25 Women in Healthcare" by Modern Healthcare magazine for the third consecutive time.

UHS named to the FORTUNE 500 annual ranking of America's largest corporations for 2013 for the 10th time since 2003. 

2012

ABM_120UHS named to the FORTUNE 500 annual ranking of America's largest corporations for 2012.

Alan B. Miller named one of the 100 Most Influential People in Healthcare by Modern Healthcare magazine for the 10th consecutive year.

ABM_pavilion _500Thirty-one UHS facilities are recognized as Top Performers on Key Quality Measures™ for 2011 by The Joint Commission.

UHS, Inc., completes the acquisition of Ascend Health Corporation, adding nine freestanding inpatient psychiatric facilities to its industry-leading behavioral health portfolio.

The Alan B. Miller Pavilion at Wellington Regional Medical Center opened in October. The innovative design of the three-story patient care center established the hospital as a premier healthcare facility.

2011

Debbie Osteen named one of the "Top 25 Women in Healthcare" for 2011 by Modern Healthcare magazine.

UHS named to FORTUNE 500 annual ranking of America's largest corporations for 2011.

2010

PRMC_2_500UHS opens Crescent Pines Hospital, a behavioral health facility in Stockbridge, Georgia.

UHS reaches an agreement to acquire Psychiatric Solutions, Inc., one of the nations largest operators of behavioral health facilities. As a result of the acquisition, completed in November 2010, UHS' annual revenue exceeds $7 billion.

UHS opens Palmdale Regional Medical Center in Palmdale, California to replace the company's Lancaster Community Hospital.

2009

UHS-30-Logo _600
Marc Miller _200UHS celebrates its 30th Anniversary
.

UHS opens Springwoods Behavioral Health in Fayetteville, Arkansas and acquires Centennial Peaks Psychiatric Hospital near Boulder, Colorado.

Marc D. Miller is appointed President of Universal Health Services, Inc.

2008

CHH_500Centennial Hills Hospital Medical Center opens, giving UHS its fifth acute care facility in Las Vegas.

Alan B. Miller named one of the "100 Most Powerful People in Healthcare" by Modern Healthcare magazine for the sixth consecutive year.

Annual revenues: $5 billion

UHS opens Central Florida Behavioral Hospital and Sea harbor Center in Orlando, FL. UHS also acquires SummitRidge Behavioral Health Hospital in Georgia.

2007

2007UHS acquires Texoma Healthcare System in Denison, Texas.

The company forms UHS Building Solutions, Inc., to build better quality hospitals for third parties at lower cost.

UHS acquires Dover Behavioral Health System in Delaware, Foundations Behavioral Health in Pennsylvania and Cottonwood Treatment Center in Utah.

2006

UHS opens the Highlands Behavioral Health System in Littleton, Colorado, the first behavioral startup in the United States since the 1990s.

Acquisitions of three other psychiatric facilities:

  • Cedar Ridge Behavioral Health, Oklahoma City, OK
  • Academy at Canyon Creek, Provo, UT
  • Lincoln Trail Behavioral Health, Louisville, KY

2005

2005Hurricane Katrina hits New Orleans. UHS establishes UHS Foundation to help affected employees.

The company acquires Keys Group Holding (Keystone), consisting of 46 facilities, including residential centers and specialized schools.

2004

UHS is number 10 among the "Top 100 Places to Work in IT" by Computerworld magazine.

Annual Revenues: $3.9 billion

UHS purchases Stonington Institute in Connecticut as well as four facilities from the Keys Group Holdings Companies.

2003

Wall Street Journal Scoreboard _500The company completes the acquisition of NorthStar Behavioral Health System and Good Samaritan Counseling Center in Anchorage, Alaska as UHS' first behavioral health facilities outside of the lower 48 states.

UHS named to the Wall Street Journal's Shareholder Scoreboard as the best performing stock among healthcare providers from 1992 to 2002.

UHS makes the Fortune 500 for the first time, with a rank of 468.

2002

1997Opening of the new replacement facility for The George Washington University Hospital.

2001

The Wall Street Journal names UHS as best performing healthcare stock over 10 years.

UHS adds Westwood and Pembroke Hospitals in Massachusetts as well as San Juan Capestrano Hospital in San Juan, Puerto Rico.

2000

2000UHS acquires 12 behavioral health facilities out of the Charter bankruptcy.

1999

Alan B. Miller receives the first "Lifetime Achievement Award" from the Federation of American Health Systems.

UHS acquires Hampton Behavioral Health Center, Hartgrove Hospital and the Midwest Center for Youth and Families from The Cooper Companies.

Annual revenues: $2 billion

1997

1997

UHS acquires The George Washington University Hospital in a partnership with the University.

UHS introduces Service Excellence program to focus on making patients the first priority.

1996

1995UHS acquires Northwest Texas Healthcare System to establish a presence in the Amarillo area.

UHS introduces Employee Stock Purchase Plan.

Annual Revenues: $1.2 billion

UHS acquires four additional behavioral health facilities from First Hospital Corporation bringing the Behavioral Health Division to seventeen operations.

1995

1995UHS acquires Manatee Memorial Hospital and Aiken Regional Medical Centers.

1994

1994Inland Valley Hospital Medical Center chosen as one of the Top 100 Hospitals in the country by Modern Healthcare magazine.

1992

1992Alan B. Miller is named "CEO of the Year For the Health Service Industry" by Financial World magazine.

1991

1991UHS stock trading moves from NASDAQ to NYSE.

1987

Annual revenues exceed $500 million for the first time.

1986

UHS creates Universal Health Realty Income Trust (UHT).

1985

1985UHS acquires and builds a new McAllen Medical Center in McAllen, Texas moving into the South Texas marketplace.

1984

Company revenues continue to grow, prompting analysts to describe UHS as a well-managed company capable of benefiting from fixed payment diagnostic related groups (DRGs) that had been introduced by Medicare in 1982.

1983

1983The company purchases Qualicare, Inc., for more than $100 million. The purchase included seven acute care hospitals and four psychiatric hospitals, giving the company its entry into the behavioral health market.

1982

UHS purchases five hospitals from the Stewards Foundation, marking the first time a not-for-profit religious organization sells hospitals to a for-profit organization.

1980

1980UHS holds its Initial Public offering. Analysts offer positive recommendations for the IPO because of significant and successful experience that company managers have had with UHS and with American Medicorp.

1979

1979UHS acquires its first hospital: Doctor's Hospital of Hollywood in Florida.

UHS enters Las Vegas with the purchase of Valley Hospital, which has been part of UHS longer than any other hospital in the system. The acquisition gives UHS its entry into the growing southeast Nevada marketplace.

Annual revenues: $250 million

1978

1978Universal Health Services, Inc. begins in King of Prussia, Pa.

The company is founded by Alan B. Miller, with a team of executives who had worked together at American Medicorp.

UHS signs first management contract with Waupun Memorial Hospital in Waupun, Wisconsin. Within 18 months of its founding, UHS would own four hospitals and have management contracts with two additional hospitals.