UHS Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 28, 2026 astatine 9:36 AM CDT 26 min read

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DATE

Tuesday, April 28, 2026 astatine 9 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Marc D. Miller

• Chief Financial Officer — Steve G. Filton

• Executive Vice President, Investor Relations — Darren Lehrich

Full Conference Call Transcript

Marc D. Miller: Thank you, Darren. Good greeting to each participants connected today's call, and convey you for your continued involvement successful Universal Health Services, Inc. The archetypal 4th of 2026 featured important acceleration successful our behavioral wellness outpatient strategy with the announcement of the Talkspace acquisition and continued dependable operating show and currency travel procreation successful our halfway operations successful the midst of much challenging seasonal measurement trends. Revenue maturation for the archetypal 4th was 9.6%. Adjusted EBITDA, nett of NCI, accrued 8.4% and adjusted EPS accrued 16.1% arsenic compared to the archetypal 4th of 2025.

These results item the adaptability and fiscal subject of our enactment teams and the benefits of our ratio initiatives which are driven by exertion adoption and operational excellence. Speaking archetypal to the Talkspace acquisition, announced connected March 9, Talkspace is an established marketplace person successful virtual outpatient behavioral wellness attraction with a web of 6,000 licensed professionals serving each 50 states. We judge Talkspace is the best-in-class virtual level successful the behavioral manufacture with a differentiated exertion offering and beardown marque designation among patients and clinicians. Talkspace's palmy payer-driven concern exemplary aligns good with our strategy to summation entree to a afloat spectrum of outpatient services and diversify our behavioral payer mix.

Over the past 24 months, we focused important resources to turn existing outpatient work locations adjacent to our infirmary campuses and make caller freestanding outpatient session locations. We volition proceed to put successful these areas internally. The summation of Talkspace's high-quality, scaled level accelerates our quality to make the industry's archetypal end-to-end continuum of behavioral wellness attraction services that is powerfully aligned to the request trends and preferences of the marketplace overall. This nationalist continuum includes lower-acuity outpatient and step-in services, each the mode to residential and inpatient services wherever we person led the marketplace for much than 4 decades.

We program to stock much details astir the interaction of the transaction aft closing, but I would similar to item 2 superior benefits of the acquisition. First, from a strategical perspective, Talkspace represents a multiyear worth instauration accidental underpinned by entree to caller sources of outpatient gross growth. This is supported by the spot of the basal Talkspace business, which has a precise beardown outlook connected a standalone basis, and is enhanced further by the programs we program to make alongside Talkspace to complement each other's businesses. For example, determination is simply a important accidental for america to present Talkspace's 6,000 clinicians into our situation to make higher-acuity virtual offerings specified arsenic virtual intensive outpatient programs, oregon IOPs.