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March 07, 2015 12:17 AM ET

Healthcare Providers and Services

Company Overview of Universal Hospital Services Inc.

Company Overview

Universal Hospital Services, Inc. provides health care technology management and service solutions to the health care industry in the United States. The company operates in three segments: Medical Equipment Solutions (MES), Clinical Engineering Solutions (CES), and Surgical Services (SS). The MES segment provides medical equipment outsourcing services in the categories of respiratory therapy, newborn care, critical care, patient monitors, pressure area management, wound therapy, and surgical equipment, as well as patient handling equipment comprising fall management, bariatrics, beds, stretchers, and wheelchairs. This segment also buys, sources, remarkets, and disposes pre-owned medical equi...

6625 West 78th Street

Suite 300

Minneapolis, MN 55439

United States

Founded in 1939

2,046 Employees

Phone:

952-893-3200

Fax:

952-893-0704

Key Executives for Universal Hospital Services Inc.

Chairman Emeritus and Advisor of Audit Committee
Age: 69
Chief Financial Officer and Executive Vice President
Age: 45
Senior Vice President of Operations
Age: 41
Chief Accounting Officer, Vice President and Controller
Age: 49
Vice President and General Counsel
Age: 38
Compensation as of Fiscal Year 2014.

Universal Hospital Services Inc. Key Developments

Universal Hospital Services Inc. Announces Board Changes

On November 5, 2014, Kevin Roberg resigned from his position as Director and Chair of the Audit Committee of the Board of Directors of Universal Hospital Services Inc. On November 5, 2014, the Board of the company elected John Workman to serve as a Director and Chair of the Audit Committee following the effectiveness of Mr. Roberg's resignation on November 5, 2014. From 2012 to June 2014, Mr. Workman served as Chief Executive Officer and Director at OmniCare Inc.

Universal Hospital Services Reaffirms for the Year 2014

Universal Hospital Services reaffirmed earnings guidance for the year 2014. For the quarter, the company expects a range of $115 million to $119 million for adjusted EBITDA.

Universal Hospital Services Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Universal Hospital Services Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total revenues were $106.5 million for the third quarter of 2014, representing a $2.2 million or 2.1% increase from total revenues of $104.3 million for the same period of 2013. Adjusted EBITDA was $29.2 million for the third quarter of 2014, flat to the same period of 2013. Net loss attributable to the company was $10.3 million compared to $9.2 million a year ago. EBITDA was $27.5 million compared to $28.1 million a year ago. The company's revenues for the first nine months of 2014 totaled $329.2 million, representing a $7.6 million or 2.3% increase from $321.6 million for same period of 2013. Adjusted EBITDA for the first nine months of 2014 was $90.4 million, a $0.8 million or 0.9% increase from the prior year same period. Net loss attributable to the company was $52.8 million compared to $32.4 million a year ago. EBITDA was $84.6 million compared to $82.4 million a year ago.

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