UHS ranks #311 on Fortune 500 list of America’s Corporations
KING OF PRUSSIA, Pa. (June 13, 2023) — Universal Health Services, Inc. (NYSE: UHS), one of the largest and most respected providers of hospital and healthcare services, is honored to announce it is again ranked on the annual Fortune 500 list — this year at #311. 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 69th publication of the annual ranking.
“Now in our 44th year since the company’s founding in 1979, we are pleased to celebrate the 20-year milestone on the Fortune 500 list,” said Marc D. Miller, President & CEO. “We continue to expand our hospitals and facilities, build de novo facilities, add beds, open new Freestanding Emergency Departments, and establish partnerships with other highly esteemed healthcare industry leaders. Our 94,000 employees remain focused on delivering high-quality patient care in the markets we serve. Through its 400+ subsidiaries across the U.S., Puerto Rico and the U.K., UHS cared for over 3.4 million patients last year.”
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FORTUNE 500 Methodology:
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
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, our annual revenues during 2022 were approximately $13.4 billion. In 2023, UHS was again recognized as one of the World’s Most Admired Companies by Fortune; ranked #311 on the Fortune 500; and in 2022, ranked #391 among U.S. companies on Forbes Global 2000 World’s Largest Public Companies.
Our operating philosophy is as effective today as it was upon the Company’s founding in 1979, enabling us to provide compassionate care to our patients and their loved ones. Our strategy includes building or acquiring high quality 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 approximately 94,000 employees and through its subsidiaries operates 28 inpatient acute care hospitals, 331 inpatient behavioral health facilities, 39 outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located in 39 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).