King of Prussia, Pa.-based Universal Health Services has completed its acquisition of online behavioral health provider Talkspace in a deal valued at about $835 million. UHS and Talkspace first announced the deal in March and have now received all necessary…
Andrew Cass
Universal Health Services executives said the company’s pending acquisition of Talkspace will help remove two of the biggest obstacles to growing its outpatient behavioral health business, giving the King of Prussia, Pa.-based health system a virtual care option and a…
King of Prussia, Pa.-based Universal Health Services recorded an operating income of $516.7 million (11.1% operating margin) during the second quarter of 2026, compared to an operating income of $500.3 million (11.7% margin) during the same period last year, according…
Sauget, Ill.-based SIHF Healthcare received approval from Illinois regulators to build a $231 million hospital in Cahokia Heights that will replace Touchette Regional Hospital, the Belleville News-Democrat reported July 21. Construction on the 108-bed hospital is expected to begin in…
King of Prussia, Pa.-based Universal Health Services CEO and President Marc Miller was paid between 221 and 309 times more than the median annual salary for an employee at the health system between 2021 and 2025, according to proxy statements…
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The five highest-earning executives at King of Prussia, Pa.-based Universal Health Services, including its CEO and CFO, received higher overall compensation in 2025 than in 2024, according to an April 9 proxy statement filed with the Securities and Exchange Commission.…
Franklin, Tenn.-based Acadia Healthcare has named retired Tenet Healthcare CFO Daniel Cancelmi to its board of directors. Mr. Cancelmi joins the board effective immediately, according to a March 12 Acadia news release. He retired from Dallas-based Tenet at the end…
King of Prussia, Pa.-based Universal Health Services is acquiring online behavioral health provider Talkspace in a deal valued at about $835 million. Talkspace has a network of about 6,000 licensed behavioral health professionals serving all 50 states, Washington, D.C., and…
Manchester, N.H.-based Catholic Medical Center is planning to end outpatient behavioral health services by the end of March, the New Hampshire Union Leader reported March 6. The hospital will continue offering urgent mental health services through its emergency department. Catholic…
Marc Miller, CEO of King of Prussia-based Universal Health Services, said the for-profit health system has enhanced its acute care revenue cycle operations by deploying AI tools to improve documentation and streamline its claims appeals process. The system is focusing…