Universal Health Services Files 8-K
Ticker: UHS · Form: 8-K · Filed: Apr 1, 2024 · CIK: 352915
Sentiment: neutral
Topics: 8-K, disclosure, regulatory-filing
TL;DR
UHS filed an 8-K for an 'Other Event' on 3/28. Details TBD.
AI Summary
Universal Health Services, Inc. filed an 8-K on April 1, 2024, reporting an event that occurred on March 28, 2024. The filing is categorized under 'Other Events' and does not provide specific details about the nature of the event, only that it is a current report.
Why It Matters
This filing indicates a material event has occurred for Universal Health Services, Inc. that requires disclosure to investors, though the specifics are not yet detailed.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for 'Other Events' without immediate disclosed financial impact or significant operational changes.
Key Players & Entities
- UNIVERSAL HEALTH SERVICES, INC. (company) — Registrant
- 0000352915 (company) — Central Index Key
- 23-2077891 (company) — I.R.S. Employer Identification No.
- 1-10765 (company) — SEC File Number
- March 28, 2024 (date) — Date of earliest event reported
- April 1, 2024 (date) — Date of Report
FAQ
What specific event is Universal Health Services, Inc. reporting under 'Other Events'?
The filing does not specify the nature of the 'Other Events' beyond it being a current report.
When did the event requiring this 8-K filing occur?
The earliest event reported occurred on March 28, 2024.
What is the filing date of this 8-K?
This 8-K was filed on April 1, 2024.
What is the principal executive office address for Universal Health Services, Inc.?
The principal executive office is located at Universal Corporate Center, 367 South Gulph Road, King of Prussia, Pennsylvania 19406.
What is the SIC code for Universal Health Services, Inc.?
The Standard Industrial Classification code is 8062, for SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC.
Filing Stats: 549 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-04-01 08:15:11
Key Financial Figures
- $60 million — arded plaintiff compensatory damages of $60 million and punitive damages of $475 million. B
- $475 million — of $60 million and punitive damages of $475 million. Based on a search of verdicts in compa
Filing Documents
- uhs-20240328.htm (8-K) — 40KB
- 0000950170-24-038889.txt ( ) — 158KB
- uhs-20240328.xsd (EX-101.SCH) — 30KB
- uhs-20240328_htm.xml (XML) — 5KB
01
Item 8.01 Other Events. Pavilion Behavioral Health System (the "Pavilion"), an indirect subsidiary of Universal Health Services, Inc. (the "Company"), is a defendant in a lawsuit filed in Champaign County, Illinois, relating to the sexual assault of one minor patient by another minor patient in 2020. Plaintiff asserted claims of negligence and misrepresentation. The Pavilion denied any liability. The case went to trial in March of 2024. On March 28, 2024, a jury awarded plaintiff compensatory damages of $60 million and punitive damages of $475 million. Based on a search of verdicts in comparable cases, the magnitude of this verdict was unexpected and is unprecedented for a single-plaintiff injury case of this type in Champaign County, Illinois. The Pavilion is evaluating all legal options and intends to challenge this verdict in post-judgment trial court proceedings and on appeal. We can make no assurances regarding the ultimate outcome of the case or what damages will ultimately be awarded. While the Pavilion has professional liability insurance to cover a portion of these amounts, the final resolution of this case may have a material adverse effect on the Company. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Universal Health Services, Inc. By: /s/ Steve Filton Name: Steve Filton Title: Executive Vice President and Chief Financial Officer Date: April 1, 2024