UHS ranks #281 on Fortune 500 list of America’s corporations by revenue
KING OF PRUSSIA, Pa., May 18, 2020 — Universal Health Services, Inc. (NYSE: UHS), one of the nation's largest and most respected hospital management companies, is pleased to announce it is again ranked on the annual Fortune 500 list — this year at #281. The Fortune 500 list ranks corporations in the United States based on total revenue and is an industry standard in ranking America’s largest companies.
The Fortune 500 list is one of the most widely recognized corporate revenue ranking lists in the world, and this year marked the 66th publication of the annual ranking. UHS has been ranked on the list for 17 years.
“Being a member of the Fortune 500 for so many years is a testament to the strength of our company and our extraordinary growth and resilience during this period,” said Alan B. Miller, UHS Founder, Chairman and CEO. “We remain as committed today as we were at our founding in 1979 to providing superior quality care and being the preferred provider in the markets we serve.”
See how UHS ranked among Fortune's list of America's 500 biggest companies.
The full list can be seen here.
Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators. It also includes companies that file with a government agency but are owned by private companies, domestic or foreign, that do not file such financial statements. Excluded are private companies not filing with a government agency; companies incorporated outside the U.S.; and U.S. companies consolidated by other companies, domestic or foreign, that file with a government agency. Also excluded are companies that failed to report full financial statements for at least three-quarters of the current fiscal year. Percent change calculations for revenue, net income, and earnings per share are based on data as originally reported. They are not restated for mergers, acquisitions, or accounting changes. The only changes to the prior years’ data are for significant restatement due to reporting errors that require a company to file an amended 10-K.
About Universal Health Services, Inc.
One of the nation’s largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. has built an impressive record of achievement and performance. Growing steadily since our inception into an esteemed Fortune 500 corporation, annual revenues were $11.4 billion for 2019. In 2020, UHS was again recognized as one of the World’s Most Admired Companies by Fortune; ranked #281 on the Fortune 500; and in 2017, listed #275 in Forbes inaugural ranking of America’s Top 500 Public Companies.
Our operating philosophy is as effective today as it was 40 years ago, enabling us to provide high-quality care to our patients and their loved ones. Our strategy includes building or acquiring hospitals in rapidly growing markets, investing in the people and equipment needed to allow each facility to thrive, and becoming the leading healthcare provider in each community we serve.
Headquartered in King of Prussia, PA, UHS has 90,000 employees and through its subsidiaries operates 26 acute care hospitals, 328 behavioral health facilities, 42 outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located in 37 U.S. states, Washington, D.C., Puerto Rico and the United Kingdom. It acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust (NYSE:UHT). For additional information on the Company, visit our web site: http://www.uhsinc.com.