In September 2020, consistent with the company's long-standing succession plan, UHS announced that Alan B. announced that its network went offline after an unspecified "IT security issue". On September 28, 2020, Universal Health Services Inc. In July 2018, UHS announced its acquisition of the Danshell Group. In December of that year, UHS acquired Cambian Group PLC's Adult Services Division. In August 2016, UHS bought Desert View Hospital in Pahrump, Nevada for an undisclosed amount. In September of that year, UHS announced the acquisition of Foundations Recovery Network based in Brentwood, Tennessee for $350 million. In August 2015, UHS acquired Alpha Hospitals Holdings Limited for $148 million from private equity group C&C Alpha Group. In September of that year, UHS' stock joined the S&P 500 Index and acquired Cygnet Health Care Limited for approximately $335 million. In April of that year, UHS announced the acquisition of the Psychiatric Institute of Washington. In February 2014, UHS bought Palo Verde Mental Health for an undisclosed amount, renaming the facility to Palo Verde Behavioral Health. In June 2012, UHS announced its plans to acquire Ascend Health Corporation for $517 million. In November 2010, UHS reached an agreement in May to acquire Psychiatric Solutions, Inc. In 1991, UHS stock trading moved from NASDAQ to NYSE. In 1986, UHS created Universal Health Realty Income Trust, the first REIT in the healthcare industry. The purchase included 11 acute care hospitals and four behavioral health 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. In 1981, UHS held its initial public offering. In 1980, the company chose its first Board of Directors. In 1979, UHS entered Las Vegas with the purchase of Valley Hospital. Within 18 months of its founding, UHS owned four hospitals and had management contracts with two additional hospitals. Miller, who currently serves as the company's Executive Chairman, founded Universal Health Services, Inc. In 2022, its annual revenues were $13.4 billion. ( UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania.
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