Universal Health Services history

In June 1979 the company bought Memorial Hospital in Panama City, California, from Texas International, an equipment manufacturer.

In 1980, the company chose its first Board of Directors.

Following its initial public offering (or IPO) in 1981, the company began expanding its network by acquiring five non-profit hospitals.

In 1982, UHS purchased five hospitals from the Stewards Foundation, marking the first time a for-profit corporation purchased hospitals from a nonprofit religious organization.

After divesting itself of the River West Medical Center, a general hospital in Plaquemine, Louisiana, Universal had 30 facilities on its roster, and in March 1984 it reported annual earnings of $9.8 million.

In November 1985, Universal further rearranged its stock structure in an effort to strengthen its already formidable defenses against an unwanted corporate takeover.

In 1986, UHS created Universal Health Realty Income Trust, the first REIT in the healthcare industry.

In response to this growing fiscal crisis, in 1987 Universal's Chairman Miller adopted a novel financial solution.

In May 1990 the group again increased their stake, to 10.3 percent, and in July, it was raised to 11.4 percent, which the Bass family characterized as a simple investment.

These moves helped Universal to rack up profits of $20.3 million in 1991, its fourth consecutive year of improved profits.

and recognized him for helping the company achieve a 3,715 percent total shareholder returns since 1995.

In 1999, Debra K. Osteen was appointed vice president of UHS and president of the Behavioral Health Division.

The publication also ranked UHS #960 on its Global 2000 list.

In 2003, Steve Filton was named UHS's Chief Operating Officer.

In 2007, UHS formed UHS Development Company, Inc. to build hospitals.

In November 2010, UHS reached an agreement in May to acquire Psychiatric Solutions, Inc. for $3,1 billion.

for 2011 by The Joint Commission.

In June 2012, UHS announced its plans to acquire Ascend Health Corporation for $517 million.

as a Top Performer on Key Quality Measures® for 2013.

In February 2014, UHS bought Palo Verde Mental Health for an undisclosed amount, renaming the facility to Palo Verde Behavioral Health.

annual ranking #324 in the list of “America’s Largest Corporations” for 2015.

In August 2016, UHS bought Desert View Hospital in Pahrump, Nevada for an undisclosed amount.

Obamacare created a state-run market for people who did not get insurance from their employers and expanded Medicare for low-income families, although by 2017 an estimated 28m Americans in 2017 remained uninsured.

In July 2018, UHS announced its acquisition of the Danshell Group.

UHS ACOS Saved Medicare $900 Million in 2019

Effective March 1, 2020, Maria joined UHS Board of Directors.