Thirty-Five Years of Growth, Success and Leadership Excellence
UHS Chairman and CEO Alan B. Miller, along with Executive Officers and members of the Board of Directors visited the New York Stock Exchange (NYSE) on Wednesday, July 16, 2014, and rang The Closing Bell in recognition of the company’s 35 years of leadership excellence.
At Universal Health Services, Inc., we know what it takes to lead, inspire and succeed. Our vision is to put patients first, provide high quality facilities, offer patient care at reasonable cost and build long-term relationships with communities that ensure steady growth.
Timeline of Events
Take a look at some of the most significant events that took place during the 35 year history of Universal Health Services, Inc.
- Universal Health Services, Inc. (UHS) opens its corporate headquarters in Pennsylvania.
- Signs first management contract with Waupun Memorial Hospital in Waupun, Wisconsin.
- Acquires Valley Hospital Medical Center in Las Vegas.
- Appoints first members to Board of Directors.
- Holds Initial Public Offering.
- Opens Sparks Family Hospital (now Northern Nevada Medical Center) in Sparks, Nevada.
- UHS moves to its current corporate headquarters at 367 South Gulph Road in King of Prussia, Pennsylvania.
- Acquires Qualicare, Inc. to add 11 acute care hospitals and four psychiatric hospitals marking the company's entry into the behavioral health market. The acquisition includes: Arbour Hospital and Arbour-HRI Hospital in Massachusetts, and the soon-to-open The Bridgeway in Little Rock, Arkansas and River Oaks in New Orleans, Louisiana.
- Acquires Forest View Hospital in Grand Rapids, Michigan and La Amistad Behavioral Health Services in Maitland, Florida.
- Construction begins on Wellington Regional Medical Center in Wellington, Florida. The new hospital opens in 1986.
- KeyStone Recovery Center in Wallingford, Pennsylvania opens.
- Turning Point Care Center in Moultrie, Georgia opens.
- Acquires McAllen Hospital in McAllen, Texas.
- Acquired Meridell Treatment Center in Austin, Texas.
- Opens Two Rivers Psychiatric Hospital in Kansas City, Missouri.
- Forms Universal Health Realty Income Trust (UHT).
- Glen Oaks Hospital opens in Greenville, Texas.
- River Crest Hospital opens in San Angelo, Texas.
- Class B common stock traded on the New York Stock Exchange.
- UHS acquires Del Amo Hospital in Torrance, California.
- Alan B. Miller is named CEO of the Year for the Health Service Industry by Financial World magazine.
- UHS acquires Edinburg Hospital in Edinburg, Texas, and one year later acquires 60-acre site to construct a replacement facility. New facility opens in 1997.
- UHS acquires:
- Fuller Memorial Hospital in South Attleboro, Massachusetts.
- Aiken Regional Medical Centers in Aiken, South Carolina.
- Manatee Memorial Hospital in Bradenton, Florida.
- The Pavilion in Champaign, Illinois.
- UHS acquires four behavioral health hospitals from First Hospital Corp of Pennsylvania:
- The Meadows Psychiatric Center.
- Clarion Psychiatric Center.
- Roxbury Treatment Center.
- The Horsham Clinic.
- Northwest Texas Healthcare System in Amarillo, Texas becomes a UHS facility. The new Heart Hospital and Children’s Hospital opens in 2002.
- UHS acquires Timberlawn Health System in Dallas, Texas.
- The company introduces Service Excellence quality initiative to employees.
- Acquires controlling interest in the George Washington University Hospital in Washington, DC, in partnership with the George Washington University. In 1998, announces that a new hospital will be built to replace the existing facility. The new facility opens in 2002.
- Summerlin Hospital Medical Center opens in Las Vegas and is linked to Valley Hospital and Desert Springs Hospital, both in Las Vegas.
- Acquires two hospitals in Puerto Rico: Hospital San Pablo in Bayamón and Hospital San Francisco in San Juan.
- UHS is named to the Wall Street Journal Shareholder Honor Roll.
- Alan B. Miller receives the first Lifetime Achievement Award from the Federation of American Health Systems.
- Debra K. Osteen appointed Senior Vice President and President of the Behavioral Health Division.
- Doctors Hospital of Laredo, Laredo, Texas becomes a UHS facility. The company builds a replacement facility that opens in 2001.
- UHS acquires three behavioral health facilities from The Cooper Companies. They are:
- Hampton Behavioral Health Center in Westampton, New Jersey.
- Hartgrove Hospital, Chicago, Illinois.
- Midwest Center for Youth and Families in Kouts, Indiana.
- UHS acquires St. Mary’s Mercy Hospital in Enid, Oklahoma, and renames the hospital St. Mary’s Regional Medical Center.
- UHS acquires 12 behavioral health facilities from Charter Behavioral Health System.
- The company acquires Fort Duncan Medical Center in Eagle Pass, Texas and begins construction of a replacement facility that opens in 2004.
- Wall Street Journal names UHS a best performing healthcare stock over 10 years.
- New behavioral health acquisitions include:
- Westwood Lodge in Westwood, Massachusetts.
- Pembroke Hospital in Pembroke, Massachusetts.
- The Acute Care Division of UHS acquires:
- Rancho Springs Medical Center in Murrieta, California.
- McAllen Heart Hospital in McAllen, Texas.
- A new patient tower opens at Desert Springs Hospital in Las Vegas.
- Acquires Lancaster Community Hospital in Lancaster, California.
- Alan B. Miller receives President’s Medal of The George Washington University.
- UHS is listed on Forbes Platinum 400 of America’s best big companies.
- UHS listed on the Fortune 1000 as #1 in total return to investors from 1992 through 2002.
- Steve Filton appointed Senior Vice President and Chief Financial Officer.
- UHS named to the Wall Street Journal Shareholders Scoreboard as the best performing stock among healthcare providers since 1992.
- Spring Valley Hospital Medical Center opens in Las Vegas.
- Acquisitions include Good Samaritan Counseling Center and North Star Behavioral Health System in Anchorage, Alaska.
- UHS named to the Fortune 500 list for the first time.
- UHS acquires Corona Regional Medical Center in Corona, California from Vista Health System.
- The UHS Behavioral Health Division acquires these behavioral health facilities:
- Stonington Institute in North Stonington, Connecticut.
- Coastal Harbor Treatment Center in Savannah, Georgia.
- Rivendell Behavioral Health Services in Benton, Arkansas.
- Spring Mountain Treatment Center in Las Vegas.
- The Behavioral Health Division opens new Lakeside Behavioral Health System in Memphis, Tennessee.
- The new Lakewood Ranch Medical Center opens in Lakewood Ranch, Florida.
- The UHS Behavioral Health Division acquires:
- KEYS Group Holdings, including 46 facilities in 10 states.
- The Brown Schools, including five behavioral health facilities.
- The Center for Change in Orem, Utah.
- Wyoming Behavioral Institute in Casper, WY.
- UHS opens Highlands Behavioral Health System in Littleton, Colorado
- The Behavioral Health Division acquires:
- Cedar Ridge Behavioral Health in Oklahoma City, Oklahoma.
- Academy at Canyon Creek in Provo, Utah.
- Lincoln Trail Behavioral Health System in Louisville, Kentucky.
- Spring Mountain Sahara in Las Vegas.
- Central Florida Behavioral Hospital in Orlando, Florida.
- The Acute Care Division acquires Texoma Healthcare System in Denison, Texas and begins planning to construct a replacement hospital.
- The Behavioral Division acquires:
- Dover Behavioral Health System in Dover, Delaware.
- Foundations Behavioral Health in Doylestown, Pennsylvania.
- Cottonwood Treatment Center in Salt Lake City, Utah.
- Laurence Harrod, Vice President Behavioral Health Finance, is appointed an officer.
- Charles F. Boyle is appointed Vice President and Controller.
- Cheryl K. Ramagano is appointed Vice President and Treasurer.
- Michael S. Nelson is appointed Vice President Information Services.
- The new Centennial Hills Hospital Medical Center opens in Las Vegas.
- Summit Ridge Hospital in Lawrenceville, Georgia opens.
- Matthew Klein is appointed Vice President and General Counsel.
- Springwoods Behavioral Health in Fayetteville, Arkansas opens.
- UHS acquires Centennial Oaks Psychiatric Hospital in Boulder, CO.
- Marc D. Miller is appointed President of UHS by the Board of Directors.
- UHS acquires Psychiatric Solutions Inc. (PSI), one of the nation’s largest operators of behavioral health facilities.
- Palmdale Regional Medical Center opens as a replacement for Lancaster Community Hospital.
- Crescent Pines Hospital in Stockbridge, Georgia, opens.
- UHS is ranked #408 on the Fortune 500 ranking of America’s largest corporations.
- UHS implements the electronic health record at its first acute care hospital; by 2013 the system will be implemented in all UHS acute care facilities.
- Gerry Johnson Geckle is appointed Vice President Human Resources.
- Marvin G. Pember is appointed Senior Vice President and President Acute Care Division.
- UHS is ranked #339 on the Fortune 500 list of America’s largest corporations.
- 31 UHS facilities are recognized as Top Performers on Key Quality Measures® for 2011 by The Joint Commission.
- UHS acquires nine freestanding inpatient behavioral health facilities in five states from Ascend Health Corporation.
- The Alan B. Miller Pavilion opens at Wellington Regional Medical Center in West Palm Beach, Florida.
- Alan B. Miller is listed among Modern Healthcare’s 100 Most Influential People in Healthcare for the 11th consecutive year.
- Debbie Osteen, Senior Vice President and President of the Behavioral Health Division is listed as one of the Top 25 Women in Healthcare by Modern Healthcare.
- Temecula Valley Hospital in Temecula, California opens.
- 48 UHS facilities are recognized by The Joint Commission as Top Performers on Key Quality Measures® for 2012.
- The Valley Health System in Las Vegas announces plans to build sixth VHS facility in Henderson, Nevada. Construction is expected to begin in 2015, with completion anticipated for 2016.