Universal Health Services (UHS) Investor presentation summary

Strategic positioning and leadership

• Operates over 540 inpatient and outpatient facilities across 40 states, D.C., Puerto Rico, and the U.K., with a focus on high-growth markets and strong demographics.

• Leadership team has a long track record of success and strong alignment with shareholders.

• Emphasizes a culture of high-quality patient care and service excellence.

• Diversified revenue base through two main segments: Acute Care Hospital Services and Behavioral Health Care Services.

• Consistent financial growth with low leverage and robust capital returns via buybacks and dividends.

Financial performance and growth

• FY 2025 net revenue reached $17.4B, net income $1.49B, and adjusted EBITDA-NCI $2.59B.

• Five-year net revenue CAGR of 8.5%, with acute care at 9.4% and behavioral health at 7.3%.

• Adjusted EPS grew at a 14.3% five-year CAGR, reaching $21.74 in 2025.

• Strong cash flow from operations ($7.08B cumulative 2021-2025) supports capex, acquisitions, buybacks, and dividends.

• Q2 2026 saw 8.3% net revenue growth, 5.4% adjusted EBITDA growth, and 11.7% adjusted EPS growth YoY.

Segment highlights and operational metrics

• Acute Care: 30 hospitals, 7,500 beds, $9.9B revenue, 7.0% 10-year avg. same-facility revenue growth, focus on expansion and technology.

• Behavioral Health: 346 hospitals, 24,600 beds, $7.4B revenue, 4.7% 10-year avg. same-facility revenue growth, expanding outpatient and virtual care.

• Pending acquisition of Talkspace for $835M to enhance virtual behavioral health capabilities.

• Both segments maintain strong EBITDA margins and consistent occupancy rates.