On September 8, I announced that I will be stepping down as CEO, effective January 1, 2021. Marc Miller, President of UHS since 2009, will become CEO, consistent with our long-standing succession plan. I will remain Executive Chairman of the UHS Board, as well as Chairman of the Board of UHT, our real estate investment trust.
There are many important milestones illustrating the growth and success of the company including:
- Purchasing Valley Hospital in Las Vegas in 1979.
- The initial public offering (IPO) of stock in 1981.
- Becoming the largest Behavioral Health provider in the U.S. following the acquisitions of facilities from Charter Behavioral Health System, Inc. in 2000 and Psychiatric Solutions, Inc (PSI) in 2010.
- The establishment of the UHS Foundation in the wake of Hurricane Katrina which destroyed New Orleans in 2005. The Foundation has since aided more than 2,000 employees who were personally impacted by qualifying natural disasters and public health emergencies.
- Being listed multiple times by Fortune magazine as a “World’s Most Admired Company.”
- Expanding into the U.K. through the acquisitions of Cygnet Healthcare in 2014, the adult services group of Cambian Group, PLC in 2016 and The Danshell Group in 2018.
- Establishing joint-venture partnerships with other well-respected healthcare providers, enabling us to grow in new markets and provide more care to more patients.
I want to point out that these accomplishments were enabled through teamwork, collaboration, hard work and alignment of priorities. I’m especially proud that our Mission articulating our purpose remains as true today as it was 41 years ago: to provide superior quality healthcare services that patients recommend to family and friends, physicians prefer for their patients, purchasers select for their clients, employees are proud of, and investors seek for long-term returns.
I know that UHS’ future is bright and under Marc’s leadership as CEO moving forward, we will continue to expand our geographical reach as well as our offerings within established served markets, develop strategic partnerships, leverage technology and invest in our people. Over the past 25 years, Marc has held key roles across the various parts of the organization and has recently collaborated very closely with me on company strategy. He is well-suited to assume the CEO responsibilities.
No one knows exactly what the future will bring, but I do know that UHS will continue to provide the best care in all of our served markets and play a key role in determining how and where healthcare is delivered.
Thank you for your contributions to UHS, whether you are a long-time employee or a new hire. People make the company, and I am convinced that we have among the best — if not the best — talent in the industry. Keep up the great work!
Read the September 8, 2020 UHS press release →
Read the Forbes article: “Lessons From Leaders Who Have Stood The Test Of Time” →