Universal Health Services, Inc. (UHS) Presents at Wells Fargo 21st Annual Healthcare Conference Transcript

SA Transcripts 162.12K Followers Follow Universal Health Services, Inc. ( UHS ) Wells Fargo 21st Annual Healthcare Conference September 8, 2026 8:45 AM EDT Company Participants Steve Filton - Executive VP, CFO & Secretary Conference Call Participants Stephen Baxter - Wells Fargo Securities, LLC, Research Division Presentation Stephen Baxter Wells Fargo Securities, LLC, Research Division Hi, everyone. Thanks again for joining us at the conference. We're really pleased to have Universal Health Services with us today. UHS is a provider of Acute Care and Behavioral Health services. So with us from the company are Steve Filton, CFO; and Darren Lehrich from Investor Relations. So thanks again for being here. Would you guys like to start with any kind of intro comments? Or would you rather just kind of hop right into Q&A? Steve Filton Executive VP, CFO & Secretary I'll make a few introductory comments and then turn it over to you, Steve. It just feels like ages ago at this point, but I have a quick recap of Q2. I think we were pleased in Q2 with the rebound in volumes in both of our segments, solid expense control in both of our segments. We have the benefit of the Florida DPP program, the 2025 calendar year program that was approved, and we recognized that benefit in the second quarter. We had also some unfavorable discrete items, which I'm sure we'll get into in the Q&A. As a result, we lowered the midpoint of our EBITDA less NCI guidance by about 3% at the midpoint, which now leaves us with a projection growth for the year compared to the last year of about 3% EBITDA less NCI line. The other significant developments, I think, post second quarter were we closed the Talkspace acquisition and we completed a $1.1 billion bond issuance both in mid-August time frame. We've talked about