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April 26, 2015 7:38 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 health care industry in the United States. It operates in three segments: Medical Equipment Solutions (MES), Clinical Engineering Solutions (CES), and Surgical Services (SS). The MES segment provides medical equipment outsourcing services, such as patient-ready medical equipment on a supplemental or peak needs basis; and daily, monthly, or pay-per-use basis through its 83 district service centers, as well as offers medical equipment through tailored equipment agreement solutions. It also provides on-site managed solutions, including infusion pumps, specialty beds and therapy surfaces, negati...

6625 West 78th Street

Suite 300

Minneapolis, MN 55439

United States

Founded in 1939

2,029 Employees

Phone:

952-893-3200

Fax:

952-893-0704

Key Executives for Universal Hospital Services Inc.

Chief Executive Officer and Director
Age: 45
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
Compensation as of Fiscal Year 2014.

Universal Hospital Services Inc. Key Developments

Universal Hospital Services Inc. Appoints John Workman as Chairman of the Board

Universal Hospital Services Inc. announced that effective April 13, 2015 Mr. John Workman was appointed as Chairman of the Board and Chairman of the Audit Committee of the company. Previously, on November 5, 2014, the Board of the company elected John Workman to serve as a Director and Chair of the Audit Committee.

Universal Hospital Services Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Universal Hospital Services Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $107.5 million against $106.9 million a year ago. Adjusted EBITDA was $29.3 million against $30.0 million a year ago. Net loss attributable to company was $13.7 million against $10.6 million a year ago. EBITDA was $24.1 million against $28.2 million a year ago. For the year, the company reported earnings results for the year ended December 31, 2014. For the year, the company reported total revenues for the twelve months ended December 31, 2014 were $436.7 million, representing an $8.3 million or 1.9% increase from total revenues of $428.4 million for the same period of 2013. Adjusted EBITDA for the twelve months ended December 31, 2014 was $119.7 million compared to adjusted EBITDA of $119.6 million for the same period of 2013. Net loss attributable to company was $66.5 million against $43.0 million a year ago. EBITDA was $73.8 million against $110.6 million a year ago. For the year 2015, the company expects adjusted EBITDA of $110 million against previous guidance of $115 million to $119 million a year ago. Accrual capex of $50 million against previous guidance of $62 million a year ago.

Universal Hospital Services, Inc. Appoints Tom Leonard as Chief Executive Officer and Member of Its Board of Directors, Effective from April 13, 2015

Universal Hospital Services Inc. announced that Thomas J. Leonard has been appointed as its Chief Executive Officer and a member of its Board of Directors effective April 13, 2015. Mr. Leonard most recently served as the President of Medical Systems for CareFusion Corporation, where he led the $2.4B revenue global medical device segment, which includes Alaris® infusion pumps, Pyxis® automated dispensing and patient identification systems, and AVEA® and LTV® series ventilators and respiratory diagnostics products.

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