Universal Health Services

Universal Health Services, Inc. is a prominent healthcare management company that owns and operates a diverse range of facilities, including acute care hospitals, behavioral health centers, surgical hospitals, and outpatient facilities. Founded in 1978 and headquartered in King of Prussia, Pennsylvania, the company operates through two primary segments: Acute Care Hospital Services and Behavioral Health Care Services. Its hospitals provide various medical services, such as general and specialty surgery, emergency care, internal medicine, and behavioral health services. As of mid-2020, Universal Health Services managed 356 inpatient facilities and 41 outpatient centers across 37 states, as well as in Washington, D.C., the United Kingdom, and Puerto Rico. The company also engages in providing commercial health insurance services and employs over 60,000 individuals through its subsidiaries. With a strong financial position, it has been able to expand and acquire additional facilities, solidifying its status as one of the largest healthcare providers in the nation.

Alan B. Miller

Founder and Executive Chairman

Michael S. Nelson

Senior Vice President, Strategic Services

Debra K. Osteen

Senior Vice President and President Behavioral Health Division

Cheryl K. Ramagano

Vice President and Treasurer

12 past transactions

Hippocratic AI

Series B in 2025
Hippocratic AI focuses on developing safety-oriented large language models specifically designed for non-diagnostic, patient-facing applications in healthcare. Unlike conventional models that are often trained on diverse internet data, which may include unreliable information, Hippocratic AI emphasizes the acquisition of evidence-based healthcare content through lawful channels. The company aims to enhance healthcare accessibility and outcomes by creating a platform that facilitates safe artificial health general intelligence. This innovation seeks to empower patients to manage their health more effectively from home, thereby improving overall health outcomes with minimal inconvenience.

Hippocratic AI

Series A in 2024
Hippocratic AI focuses on developing safety-oriented large language models specifically designed for non-diagnostic, patient-facing applications in healthcare. Unlike conventional models that are often trained on diverse internet data, which may include unreliable information, Hippocratic AI emphasizes the acquisition of evidence-based healthcare content through lawful channels. The company aims to enhance healthcare accessibility and outcomes by creating a platform that facilitates safe artificial health general intelligence. This innovation seeks to empower patients to manage their health more effectively from home, thereby improving overall health outcomes with minimal inconvenience.

Exela Pharma Sciences

Corporate Round in 2021
Exela Pharma Sciences, LLC is a rapidly growing US-based specialty pharmaceutical company focused on the development, manufacturing, and marketing of proprietary and generic sterile injectable products. The company aims to improve patient outcomes while reducing overall healthcare costs by offering a range of products, including generic injectables, ophthalmic, and inhalation medications. With a commitment to alleviating drug shortages, Exela is recognized for its dedication to enhancing the supply chain and creating high-value employment opportunities in rural areas. By providing therapeutically effective formulations, Exela increases treatment options for healthcare providers and enhances the quality of life and treatment experience for patients.

The Cambian Group

Acquisition in 2016
Cambian Group Limited, based in London, is a leading provider of specialist educational and behavioral health services for children in the United Kingdom. The company focuses on supporting children with various needs, including autism spectrum disorders, Asperger syndrome, moderate to severe learning difficulties, and complex emotional and mental health challenges. Cambian operates a network of 224 residential facilities, specialist schools, and fostering offices across England and Wales, providing residential care, fostering services, and educational support. Additionally, Cambian is involved in property and trading activities. Founded in 2004, the company is a subsidiary of CareTech Holdings PLC and is recognized as the largest provider of these specialist services in the UK.

Foundations Recovery Network

Acquisition in 2015
Foundations Recovery Network, LLC is a healthcare provider specializing in the integrated treatment of co-occurring mental health and substance use disorders. Established in 1995 and based in Brentwood, Tennessee, the organization operates several residential and outpatient facilities across the United States, including locations in Atlanta, Malibu, Palm Springs, and Memphis. The company employs an evidence-based treatment model, supported by research, to deliver effective care for individuals with dual diagnoses. Its range of services includes inpatient and outpatient treatment, vocational rehabilitation, recovery case management, and specialized residential programs. Foundations Recovery Network is dedicated to providing comprehensive support to adults facing the challenges of addiction and mental health issues.

Cygnet Health Care

Acquisition in 2014
Cygnet Health Care Limited is a provider of mental health and social care services, catering to individuals with a range of psychiatric conditions. The organization specializes in treating complex and acute mental illnesses, personality disorders, eating disorders, learning disabilities, and autism spectrum disorders. Cygnet offers a variety of services, including adult emergency admissions for acute inpatient care and psychiatric intensive care, as well as planned admissions for medium and low secure settings. Additionally, the company provides specialized services for older adults, individuals with deafness and mental health issues, and various residential programs for children and young people. Through its comprehensive approach, Cygnet aims to address the diverse mental health care needs of its patients.

Arbor Group

Acquisition in 2014
Arbor Group operates three management contracts covering 66 beds.

Ascend Health

Acquisition in 2012
Ascend Health Corporation is a behavioral healthcare provider that specializes in a comprehensive range of inpatient and day hospital services for individuals across various age groups, including children, adolescents, adults, and seniors. The organization operates freestanding psychiatric hospitals and offers a wide array of behavioral health programs, such as residential treatment centers, partial hospitalization, and intensive outpatient services. Ascend Health emphasizes personal choice and tailored care, ensuring that its services are effectively integrated with the local healthcare systems to deliver high-quality treatment for mental health and substance abuse issues.

Psychiatric Solutions

Acquisition in 2010
Psychiatric Solutions, Inc. specializes in providing inpatient behavioral health care services across the United States, catering to children, adolescents, and adults. The company operates acute inpatient facilities and residential treatment centers that offer comprehensive care, including 24-hour nursing observation, daily psychiatric interventions, and coordinated treatment by a team of mental health professionals. Additionally, Psychiatric Solutions manages contract services and develops behavioral health care programs within medical and surgical hospitals. As of its last reporting, the company owned and leased 94 facilities with approximately 11,000 beds across 32 states, Puerto Rico, and the U.S. Virgin Islands. Founded in 1988 and based in Franklin, Tennessee, Psychiatric Solutions operates as a subsidiary of Universal Health Services Inc.

SummitRidge Hospital

Acquisition in 2008
SummitRidge provides mental health and substance abuse treatment to Their community. Their inpatient, partial hospitalization and out patient programs have helped adolescents, adults, older adults and their families.

Keys Group Holdings

Acquisition in 2005
Keys Group Holdings, LLC is engaged in the ownership and operation of behavioral health care centers through its various subsidiaries. The company specializes in trauma therapy, education, treatment, and juvenile rehabilitation, offering counseling services for psychiatric disorders and behavioral issues. It also manages non-residential specialized education programs and day treatment centers across the United States. Keys Group Holdings collaborates with a range of stakeholders, including school boards, local, state, and federal agencies, as well as physicians, judges, managed care providers, social workers, and families to deliver its comprehensive services. Established in 2001 and based in Nashville, Tennessee, the company has been positioned within the broader healthcare landscape.

Sentillion

Series C in 2001
Sentillion, Inc. specializes in identity and access management technology solutions tailored for caregivers in hospitals and healthcare organizations across North America and the United Kingdom. The company's offerings include expreSSO, which facilitates transparent single sign-on within existing workflows, and Bridges, a tool for interfacing with various applications. Additionally, proVision allows for the alteration, disabling, and termination of access to systems and applications. Sentillion also provides Vergence, which integrates single sign-on and authentication services for clinical workstations, enabling seamless navigation of clinical and business applications. The company's vThere solution assists in managing clinicians and staff, while IdMPOWER streamlines the incorporation of applications and information systems. In addition to technology solutions, Sentillion offers comprehensive implementation services, including project planning and training, as well as technical support services to assist clients with troubleshooting and operational needs. Founded in 1998, Sentillion is headquartered in Andover, Massachusetts.
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