Fierce Healthcare April 24, 2024
Universal Health Services handily outpaced analyst estimates during the first quarter amid revenue and volume improvements across its acute and behavioral care businesses alike.
In top-line earnings numbers released Wednesday, the King of Prussia, Pennsylvania-based for-profit shared net income of $261.8 million ($3.82 per diluted share) during the opening frame of 2024, up from $163.1 million ($2.28 per diluted share) a year prior.
Net revenues across the company rose 10.8% year over year to $3.84 billion, which was about $70 million above Seeking Alpha’s estimate.
Across its 27 acute care hospitals and other related locations, UHS’ earnings release outlined same-facility year-over-year increases across adjusted admissions (4.5%) and adjusted patient days (3.4%).
The uptick in visits brought substantially more funds, with...
Today's Sponsors
Today's Sponsor