- Universal Health Services’ Alan Miller is the fifth longest-serving Fortune 500 CEO, Bloomberg Business reported.
- With 83% control and 7% economic interest, Miller has amassed a personal fortune of $1.1 billion.
- Today, Universal Health operates close to 250 acute care and behavioral health facilities in 37 hospitals, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, according to the firm’s 2015 annual report.
Miller has served at the helm since 1978. The King of Prussia, PA-based company is ranked 324 on the 2015 Fortune 500 list of America’s top corporations, with revenue totaling $19 billion in 2015—half of that from behavioral health facilities.
Behavioral health operations include 213 inpatient and 16 outpatient facilities. Ninety-four of those were acquired when Universal Health purchased Psychiatric Solutions for $3.1 billion in 2010.
In September, the hospital chain expanded its reach in the behavioral health sector, acquiring Foundations Recovery Network for roughly $350 million, a provider of addiction treatment services.
Universal Health also operates 24 inpatient acute care hospitals, three free-standing emergency departments and several surgical and radiation oncology centers. A new acute care hospital, being built in Henderson, NV, is slated for opening in the fourth quarter of this year.