UHS Files 8-K for 'Other Event,' Confirms NYSE Listing
Ticker: UHS · Form: 8-K · Filed: Jan 2, 2024 · CIK: 352915
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance, exchange-listing
TL;DR
**UHS filed a routine 8-K, confirming its NYSE listing, no major news.**
AI Summary
Universal Health Services, Inc. (UHS) filed an 8-K on January 2, 2024, to report an 'Other Event' that occurred on December 27, 2023. This filing primarily serves to update the company's registration details, confirming its Class B Common Stock (UHS) is registered on the New York Stock Exchange. This matters to investors because it reaffirms the company's compliance with SEC regulations and its continued listing on a major exchange, ensuring liquidity and transparency for shareholders.
Why It Matters
This filing confirms Universal Health Services' continued compliance with SEC regulations and its listing on the New York Stock Exchange, which is crucial for investor confidence and stock liquidity.
Risk Assessment
Risk Level: low — This 8-K filing is a routine disclosure of an 'Other Event' and does not indicate any significant new risks or changes to the company's operations or financial health.
Analyst Insight
A smart investor would note this as a routine compliance filing, confirming the company's stable regulatory status, but it provides no new information to alter investment decisions.
Key Players & Entities
- UNIVERSAL HEALTH SERVICES, INC. (company) — the registrant filing the 8-K
- December 27, 2023 (date) — date of the earliest event reported
- January 2, 2024 (date) — date the 8-K was filed
- New York Stock Exchange (company) — exchange where UHS Class B Common Stock is registered
- UHS (company) — trading symbol for Class B Common Stock
FAQ
What was the specific 'Other Event' reported by Universal Health Services, Inc. in this 8-K filing?
The filing itself does not detail a specific 'Other Event' beyond the general category. It primarily serves to confirm the company's registration details, including its Class B Common Stock (UHS) being registered on the New York Stock Exchange, and its status as a non-emerging growth company.
On what date did the earliest event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on December 27, 2023.
What is the trading symbol and the exchange where Universal Health Services, Inc.'s Class B Common Stock is registered?
The trading symbol for Universal Health Services, Inc.'s Class B Common Stock is UHS, and it is registered on the New York Stock Exchange.
Is Universal Health Services, Inc. considered an 'emerging growth company' according to this filing?
No, the filing indicates with an unchecked box that Universal Health Services, Inc. is not an 'emerging growth company' as defined by Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
What is the business address and phone number of Universal Health Services, Inc. as listed in this 8-K?
The business address is UNIVERSAL CORPORATE CENTER, 367 SOUTH GULPH ROAD, KING OF PRUSSIA, Pennsylvania 19406, and the telephone number is (610) 768-3300.
Filing Stats: 989 words · 4 min read · ~3 pages · Grade level 15.5 · Accepted 2024-01-02 09:03:08
Key Financial Figures
- $140 million — elated provider taxes) will approximate $140 million during the year ended December 31, 2024
- $18 million — rogram (estimated net reimbursements of $18 million attributable to our Nevada facilities d
- $158 million — elated provider taxes) will approximate $158 million during the year ended December 31, 2024
Filing Documents
- uhs-20231227.htm (8-K) — 43KB
- 0000950170-24-000014.txt ( ) — 165KB
- uhs-20231227_lab.xml (EX-101.LAB) — 18KB
- uhs-20231227.xsd (EX-101.SCH) — 2KB
- uhs-20231227_pre.xml (EX-101.PRE) — 11KB
- uhs-20231227_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events. Nevada State Directed Payment Program (“SDP”): As previously reported, in February, 2023, the Nevada Division of Health Care Financing and Policy (“DHCFP”) outlined a new provider fee on private hospitals located in Nevada that would effectively capture new Medicaid federal share for certain categories of services eligible for the new payment program. In late December, 2023, the Centers for Medicare and Medicaid Services (“CMS”) approved the Medicaid managed care component of the Nevada SDP program, with an effective date of January 1, 2024. Based upon financial data provided by the DHCFP for our facilities located in Nevada, we estimate that our aggregate net reimbursements pursuant to the Medicaid managed care component of the Nevada SDP program (net of related provider taxes) will approximate $140 million during the year ended December 31, 2024. Payments made pursuant to this component of the Nevada SDP program, which requires annual approval by CMS, are subject to reconciliation by DHCFP based on actual Medicaid managed care utilization during 2024. There can be no assurance that the Medicaid managed care component of the Nevada SDP will continue for any period after December 31, 2024, or that it will not be modified. Including the impact of the Medicaid fee for service upper payment limit component of the Nevada SDP program (estimated net reimbursements of $18 million attributable to our Nevada facilities during the year ended December 31, 2024), which was approved by CMS in November and December of 2023, we estimate that our aggregate net reimbursements pursuant to both components of the Nevada SDP program (net of related provider taxes) will approximate $158 million during the year ended December 31, 2024. You should carefully review the information contained in our Quarterly Report on Form 10-Q for the period ended September 30, 2023 and should particularly consider any risk factors