A N N U A L R E P O R T U N I V E R S A LH E A LT H S E R V I C E S ,I N C . MISSION TO PROVIDE SUPERIOR QUALITY HEALTHCARE SERVICES THAT: PATIENTSrecommend to family and friends,PHYSICIANSprefer for their patients,PURCHASERSselect for their clients,EMPLOYEESare proud of, andINVESTORSseek for long-term returns. Our Mission statement has been repeatedly praisedby industry experts for being honest and authentic,and for identifying value offered to all key stakeholdersfrom patients and employees to our investors.Our Mission statement has been repeatedly praisedby industry experts for being honest and authentic,and for identifying value offered to all key stakeholdersfrom patients and employees to our investors. $17.4 billionREVENUES 5.8 millionPATIENT ENCOUNTERS 25,800+NURSES EMPLOYEES, GLOBALLY101,500 INVESTMENT IN EQUIPMENT,FACILITY EXPANSIONSAND RENOVATIONS$1 billion 31,415AVERAGE NUMBEROF LICENSED BEDS ACUTECARE BEHAVIORALHEALTH INDEX Board of Directors/Corporate Ofܪcersand Letter to OurShareholders4-5Financial Highlights/Map of Facilities6-7Acute Care Division8-17Behavioral Health Division18-28Form 10K10K: 1-132Corporate InformationInside Back Cover 347,700+ inpatientadmissions1.7 millionpatient days1.7 million ER visits200,000+ value-basedcare lives managed(by ACOs) 473,000+ inpatientadmissions 6.5 millionpatient days119 outpatient locations 170 inpatient beds addedin new and existingfacilities (U.S.) UHS is a registered trademark of UHS of Delaware, Inc., a subsidiary of Universal Health Services, Inc.Universal Health Services, Inc. is a holding company that operates through its subsidiaries. All healthcareand management operations are conducted by subsidiaries of Universal Health Services, Inc. Anyreference to “UHS” or “UHS facilities” including any statements, articles or other publications containedherein which relates to healthcare or management operations is referring to Universal Health Services,Inc.’s subsidiaries. Further, the terms “we,” “us,” “our” or “the company” in such context similarly refer to theoperations of the subsidiaries of Universal Health Services, Inc. Any reference to employment at UHS oremployees of UHS refers to employment with one of the subsidiaries of Universal Health Services, Inc. BBBBOAAAARRD OOFFF DDDDIRREECCCTOORRRSS Left to Right (Standing): Nina Chen2,6; Marc D. Miller3,4; Alan B. Miller3*,4*; Eileen C. McDonnell1*,2*,3,5,7; Elliot J. Sussman, MD1,2,5*,6*(Seated): Maria Singer1,4,5,6; Warren J. Nimetz3,4 Committees of the Board:1Audit Committee,2Compensation Committee,3Executive Committee,4Finance Committee,5Nominating andGovernance Committee,6Quality and Compliance Committee,7Lead Director,*Committee Chairperson Learn more: uhs.com/about-uhs/leadership CCCCOOORRPPPOOOOORRRAAATTEEE OOOOFFFFFIICEERRS Charles F. BoyleSenior Vice Presidentand Controller Michael S. NelsonSenior Vice PresidentStrategic Services Alan B. MillerFounder and Executive Chairmanof the Board Marc D. MillerPresident and Chief Executive Ofܪcer Cheryl K. RamaganoSenior Vice Presidentand Treasurer Jim ClarkSenior Vice President, FinanceAcute Care Division Steve G. FiltonExecutive Vice Presidentand Chief Financial Ofܪcer Thomas DaySenior Vice President, FinanceBehavioral Health Division Maria ZangardiSenior Vice PresidentHuman Resources Matthew J. PetersonExecutive Vice Presidentand PresidentBehavioral Health Division Matthew D. KleinSenior Vice Presidentand General Counsel Edward SimExecutive Vice Presidentand PresidentAcute Care Division UHS of Delaware, Inc. is the administrative services company for, and a wholly owned subsidiary of, Universal Health Services, Inc.All of our “Corporate Ofܪcers” listed above are employees of UHS of Delaware, Inc. LLLLETTTTTTEEEERR TTOOO OOUUUURR SSSSHHAARREHHOOLLLDDDDEERRSSSSS Dear Valued Shareholders and Colleagues, .FRUQJFXJIYTWJܫJHYTSFSTYMJW^JFWTKXNLSNܪHFSYFHMNJ[JRJSYXFSILWT\YMKTW:SN[JWXFQ-JFQYM8JW[NHJX We’ve also signiܪcantly expanded Behavioral Healthoutpatient services, through 119 locations currently –including 10 new Thousand Branches Wellness centersin 2025 – with plans to add at least 10 more in 2026. Our continued successis grounded in threecore pillars: exceptional leadership, a values-driven culture and relentlessinnovation. These pillars elevate UHS and enable usto provide the highest quality care for the patientsand communities we proudly serve. Our focus remains on accelerating growth, diversifyingour payor mix and broadening service offerings tosustain our leadership position as a provider of choice. UHS is one of the nation’s largest and most respectedhealthcare providers, with our subsidiary networkincluding 375 inpatient acute care hospitals andbehavioral health facilities and 168 outpatient andambulatory care centers across the United States,Puerto Rico and the United Kingdom. In 2025, weserved patients through 5.8 million encounters. Amid a dynamic healthcare environment, UHS isdriv