Behavioral Health Business July 1, 2022
King Of Prussia, Pennsylvania-based Universal Health Services Inc. (NYSE: UHS) estimates that its annual earnings will be about 19% lower than originally projected.
On Thursday, UHS released new, lower annual revenue and earnings estimates after seeing significantly lower than expected profitability in April and May. The shortfall was “due primarily to lower than expected patient volumes, revenues and income generated at our acute care hospitals,” according to a news release.
In April, the behavioral health and acute care facility operator disclosed that worse-than-expected financial performance in the first quarter could lead the company to adjust its financial guidance. The company had not done so until now while other hospital operators such as HCA Healthcare Inc. (NYSE: HCA) did during the...