Universal Health Services Inc

Company facts

Industry

Services-General Medical & Surgical Hospitals, NEC

Headquarters

King of Prussia, Pennsylvania

Most recent report

8-K, filed Aug 21, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 352915

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 4 of 10 sections worth reading, with 1 positive, 6 notable, and 8 negative flags.

• Part I

  Core financials and notes; multiple material litigation and regulatory events.
  Notable

  • St. Mary's verdict vacated due to juror misconduct; $18M reserve reduced to immaterial.
  • Ireland acquisition post-quarter: 39 residential/community homes for ~$188M in July 2026.
  Negative

  • $700M senior notes due Sept 2026; new $700M delayed draw loan added to refinance them.
  • Recorded $28M pre-tax increase to self-insured professional/general liability reserves in Q2 2026.
  • Cumberland: 43+ additional plaintiffs; trial set Aug 2026; insurance coverage may be exhausted.
  • Laurel Ridge terminated from Medicare/Medicaid; $23M income in 2025 lost, expects operating losses.

• Management's Discussion (Item 2)

  Packed with company-specific numbers: OBBBA hit, financing, margins, litigation.
  Positive

  • Behavioral health same-facility income up 9% to $427M in Q2 2026.
  Notable

  • Acquiring Talkspace for ~$835M; debt-funded, expected to close in Q3 2026.
  • Net revenues rose 8.3% in Q2 2026, but net income attributable to UHS grew only 2%.
  • Florida DPP approved, adding ~$100M net benefit recorded in Q2 2026.
  Negative

  • OBBBA will reduce annual net benefit by ~$500M by 2032 from current ~$1.5B.
  • Operating cash flow fell $64M in H1 2026 ($845M) vs H1 2025 ($909M).
  • Days sales outstanding rose to 56 days at June 30, 2026, from 50 a year ago.

• Risk Factors (Item 1A)

  New risk: OAG review may unwind D.C. hospital arrangement; $835M Talkspace deal pending.
  Negative

  • OAG may force unwind of D.C. hospital physician group; could materially affect operations.

• Unregistered Sales and Repurchases (Item 2)

  Buyback more than doubled to $320.3M in Q2 2026, a big shift worth noting.
  Notable

  • Q2 2026 buyback of $320.3M was 2.5x Q1 2026's $127.3M at a lower share price.

What changed: Jun 2026 vs. Mar 2026

About 14% of UHS's Jun 2026 10-Q is new information. 89 paragraphs were added, 275 changed, and 85 removed. Below are the most important lines SECSift identified.

• Item 2 240
• Part I 75
• Item 1A 10
• Item 4 3
• Item 6 3
• Item 3 1
• Item 5 1