Chairman of the Board and CEO
Alan B. Miller is Chairman and CEO of Universal Health Services, Inc. (NYSE – “UHS”), which he founded in 1979. UHS, a Fortune 500 company (293), is also one of the largest hospital management companies in the nation. It owns and operates more than 350 facilities in 37 states, Washington, D.C., Puerto Rico and the United Kingdom. Annual revenues of the Company exceed $10 billion. He also serves as Chairman of the Board, CEO and President of Universal Health Realty Income Trust (NYSE – “UHT”). UHT is a REIT that he founded that currently has investments in 65 properties located in 20 states. Prior to founding UHS, Mr. Miller was Chairman and CEO of American Medicorp Inc., a pioneering hospital management company.
Mr. Miller has received numerous awards for his business and charitable activities. Most recently, in 2019, he was named to the Forbes “America’s Most Innovative Leaders” list. He has been named by Modern Healthcare as one of the “100 Most Influential People in Healthcare” for the last 16 years: 2003-2018. Mr. Miller was named Entrepreneur of the Year in 1991 and Financial World named him CEO of the Year in hospital management. He has been named by Modern Healthcare as one of the “100 Most Influential People in Healthcare” for the last 15 years: 2003-2017. In 1992 he was awarded an Honorary Doctorate from the University of South Carolina and received the George Washington University President’s Medal in 2002. He received the Chairman’s Award from the United Negro College Fund, the Americanism Award of ADL and the Ellis Island Medal of Honor. In 1999 he was presented with the first Lifetime Achievement award of the Federation of American Hospitals, who honored him for his many years of industry leadership.
Both Fortune Magazine and The Wall Street Journal noted Universal Health Services as having the highest return to shareholders (38%) of all healthcare providers for the 10-year period 1990-2000. For the period 1992-2002, UHS also led the category at 29%. In 2014, the Company was recognized by J.P. Morgan as a historical extreme winner among select stocks that generated the highest excess lifetime returns over the Russell 3000 Index and was added as a component of the S&P 500 Index. In May 2015, the Wall Street Journal ranked Mr. Miller as the third longest-tenured CEO and for achieving 3,715 percent total shareholder returns since 1995. In 2017, FORBES magazine ranked UHS 275 in its inaugural list of America’s Top 500 Companies.
Mr. Miller is a past Trustee of the Penn Mutual Life Insurance Company, a Director of the Philadelphia Regional Performing Arts Center (Kimmel) and Chairman Emeritus of the Opera Company of Philadelphia.
At graduation from the College of William and Mary in Virginia he was commissioned in the U.S. Army and served in the 77th Infantry Division. He served as a trustee of the William and Mary Endowment Fund, and is a life member of the school’s President’s Council. He has received high honors from the College, including the William and Mary Alumni Medallion, the College’s highest alumni award in 1999; and the Clarke Medallion, the highest honor presented by the Business School, in 2007. The College’s School of Business relocated to the newly constructed Alan B. Miller Hall in 2009, and the Alan B. Miller Entrepreneurship Center opened in 2010. Mr. Miller is a Horatio Alger award recipient and a member of the Business Roundtable. He was also awarded an honorary degree of Doctor of Public Service from the college in 2014.
Mr. Miller earned his MBA degree from the Wharton School of the University of Pennsylvania. He served on the Board of Overseers and on the school’s Executive Board.